How true are formulas for trading currency pairs?
Obviously, most of the formulas for trading currency pairs are not true . That does not exclude the possibility of the existence of true formulas. Unfortunately, I don't know either of them.
Probably meant the patterns or algorithms of trading strategies by which you can write a trading robot. I think these are some kind of clear and unambiguous rules allowing to trade profitably.What is formula?
Probably meant the patterns or algorithms of trading strategies by which you can write a trading robot. I think these are some kind of clear and unambiguous rules allowing to trade profitably.
This is a common point of view. I do not support it. Technical analysis is based on the repetition of quotes. If some kind of consistency worked before, it is supposed that this will work in the future. Otherwise, technical analysis does not exist, we know nothing and cannot, and speculate in the chaos of the market at random.Clouds in the sky make patterns , so which cloud pattern brings rain?It does bring rain after a pattern, but possibly a year later.
This is a common point of view. I do not support it. Technical analysis is based on the repetition of quotes. If some kind of consistency worked before, it is supposed that this will work in the future. Otherwise, technical analysis does not exist, we know nothing and cannot, and speculate in the chaos of the market at random.
To help poor people? C`mon there`s no Holly Grail in Forex.If there is a winning formula out there nobody will ever reveal it and why would they?
To help poor people? C`mon there`s no Holly Grail in Forex.
No way. Really?C'mon guys everybody knows the winning formula... Sell at the top and buy at the bottom... HEY HOOO!!!
All this good but i`m trying to inspect some other exotics already.Trendlines, Support & Resistance, Fibs, EMA's. Done.