Continue reading...At some point, if they last long enough, all traders discover that successful trading is not the inevitable result of a good trading strategy or system. If all we needed was a good system or indicator we would all be successful traders. Yet clearly we are not, far from it, there are very few traders making their living consistently from the markets.
Technical analysis is a vast and well researched subject. Many minds have poured their heart and soul into searching for the holy grail of trading: the system, strategy or indicator that will yield to them unlimited wealth and glory. Yet with all this depth of knowledge readily available, trading profits remain as elusive as ever.
System Vendors and the Holy Grail
If we were to take a scientific approach to evaluating technical analysis we would have to conclude that it is of limited value. System vendors, though, will continue to exploit our desire to believe that there really is some secret knowledge that will enable us to...
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