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RE: How to Forex - A Beginners Guide to Forex Trading - Part 4: Market Analysis
not convinced. This looks like magical thinking. Google "post-hoc fallacy" and learn everything about it.
not convinced. This looks like magical thinking. Google "post-hoc fallacy" and learn everything about it.
I've only posted the more proven methods of analyzing the market. Fundamental analysis is the most promising way to speculate price movements. There's never any guarantee that a price will move in your favor though and therefore I guess you could say that TA (Technical Analysis) is some what like post hoc fallacy.
I can say though that from my own personal experiences, technical analysis does work. You just have to manage your risks properly when first entering a trade and pay attention when there's a new development.