Hi again,
I just wanted to state that iam getting more and more problems with forex.
The contradictory part is that i have less to look for since as i started with forex.
My problem is that i have nearly tools to analyse the chart. This may sound weird now, but when you take a closer look there are many tools which cant be applied to forex. For example volume is at stocks and futures a very significant part of analysing. But in forex.... you cant use it, because there is nothing than volume, or in other words is useless.
Another thing which you cant use is the statement that you have to follow trends, because a trend in motion is more likely to continue than to reverse until it shows signs of a reversal. In forex though it seems that there are no trends, because its a 24h market and people do not pay attention to the "the trend is your friend" wisedom..
Are there really only resistance, trendlines, chart patterns, and some indicators left?
Is this really everything, or do i forget sth?
Hopefully there will be some response.
Anyway .. Thanks for listening
-mike
I just wanted to state that iam getting more and more problems with forex.
The contradictory part is that i have less to look for since as i started with forex.
My problem is that i have nearly tools to analyse the chart. This may sound weird now, but when you take a closer look there are many tools which cant be applied to forex. For example volume is at stocks and futures a very significant part of analysing. But in forex.... you cant use it, because there is nothing than volume, or in other words is useless.
Another thing which you cant use is the statement that you have to follow trends, because a trend in motion is more likely to continue than to reverse until it shows signs of a reversal. In forex though it seems that there are no trends, because its a 24h market and people do not pay attention to the "the trend is your friend" wisedom..
Are there really only resistance, trendlines, chart patterns, and some indicators left?
Is this really everything, or do i forget sth?
Hopefully there will be some response.
Anyway .. Thanks for listening
-mike
I'm getting there ... slowly