Forex Trading Methods: What makes a trading method “good”?
Technical Analysis: In my last articles, I shared that for any Forex trading method to be considered, it must be first, a complete method (insert link to previous article) and second, it must teach specific risk management rules. Today’s article on how to find the right trading method for Forex trading revolves around Technical Analysis. I believe the best Forex trading methods are based on technical analysis, without being 100% mechanical or automated. As you already are aware, there are two primary forces acting in the Forex markets: fundamental data, which include such indicators as balance of trade data, money supply, interest rates, economic and financial reports, etc.; and technical data, which include such indicators as moving averages, average directional movement, stochastics, etc. So, why should a forex trading method be focused on technical indicators? First, attempting to trade on fundamental data requires you to be available on a real-time bases at whatever hour of the day
