Samuel23 0 Report post Posted May 14, 2012 Technical Analysis is so powerful because of a few reasons 1) it represents numbers. All information and its impact on the market and traders is represented in a currency's price. 2) It helps to predict trends and the foreign exchange market is very 'trendy'. 3) Certain chart patterns are consistent, reliable and repeat themselves. T.A. helps us to see them. Here's one way of putting technical analsysis into perspective (wish I had a dollar each time I said 'technical analysis'). We all know that prices move in trends. Research has shown that those that trade 'with the trend' greatly improve their chances of making a profitable trade Share this post Link to post Share on other sites
