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55 Comments
- fitzfan, on 10/12/2007, -0/+3Toadster tell that to Jim Simons, the MULTIBILLIONAIRE that runs the worlds best performing hedge fund since 1988.
"Renaissance Technologies is a private investment management company with over $4,000,000,000 under management founded in 1982 by Jim Simons, who (correctly) believed in the potential of technical trading models."
returning 35% a year to clients AFTER his fund takes a 5% managing fee and 44% of earnings. Thats right he returns over 60% a year on a billion dollar fund, and he believes in technical analysis.
Just imagine how much more he could return if actually had a strategy that works, right toad?.
http://www.turtletrader.com/trader-simons.html - weirdone, on 10/12/2007, -0/+2price is the only real indicator that you can have definite proof of.
http://www.stockta.com is a pretty good technical analysis site to take a look at once you get done with picking up some basics. It has some information that a lot of other charts don't cover too often like fib numbers, MACD, stochastics, resistance and support lines, etc.
Technical Analysis has made too many people and too many companies enough money to simply be written off at a whim while not showing any evidence to the contrary. - weirdone, on 10/12/2007, -0/+2and I suppose on that day you'll disprove the millions that have all apparently gotten lucky with TA?
- Lifestory, on 10/12/2007, -0/+2@toadster
Why slam TA down so hard? Fundamentals, Technical Analysis etc, all have their credibilities over the years. Take for example the simple candlestick, the history of its use clearly shows a trust in such methodology. I'm not saying TA rules because I believe it's always best to know what your aim is (eg. long term / short term) and use the appropriate tool or combination of tools for it. - goldcoin, on 10/12/2007, -1/+2It seems like any method of predicting stock prices without looking at fundemental values must become ineffective once the majority of traders become aware of it. If everyone uses the same method to determine that a stock will go down on October 15th, and decides to sell on October 14th; then the stock will go down October 14th. If everyone anticipates that it will go down on the 14th because of the widespread use of this method, and decides to sell on the 13th...
The only way to make money beyond the growth and profitability (fundamentals) of a company is to buy when most people want to sell and vice versa. So no popular or trendy form of analysis can work, even if it is accurate, unless you're in on it early. By the time it hits the digg front page it's probably too late. - tanady2, on 03/24/2008, -0/+1Indeed.. I agree this is a great article for beginners! Awesome.. Digg for you. :)
Somehow, if you ever wanted to know everything about trading.. you may find it here at my blog:
http://www.options-university.biz/blog/forex-optio ...
Hope it helps.
Trade Smart. Not Often.
Tanady - vfrex, on 10/12/2007, -1/+2StockTA gives technical analysis a bad name. It has its uses, but as mentioned, you shouldn't look at it as a beginner to TA. Otherwise, you're just looking for a bunch of green BUY signs.
- vfrex, on 10/12/2007, -1/+2Sure, believe that as chartists make a killing.
- d00ley, on 10/12/2007, -0/+1http://www.easy-forex.com/Gateway.aspx?gid=21560
- life99, on 05/26/2009, -0/+1Actually Fibonacci forex is the development from theory 123 and Elliot Wave which be combined with the calculation of Fibonacci ratio to determine the level of Support & Resistance.
read here http://best-forex-info.blogspot.com/2009/05/teori- ... - drpaidout, on 10/12/2007, -0/+1Actually, Renaissance is more a quantitative fund than a technical analysis fund.
Also, the work of Andrew Lo @ MIT is a pretty credible source that TA works to some level. - forextrendalert, on 11/06/2009, -0/+1Forex commercialism is a fascinating way of earning a living online, and if you are seriously considering entering this fascinating earth of forex commercialism you must consider, by all means, the learning and understanding of a number of indicators that wish give you valuable help on predicting with a high probability the directions the forex market may take as you with kid gloves analyze the cost charts for any currency you are commercialism at the moment. Two of these important indicators are: Bollinger Bands and Fibonacci Retracements.
http://www.forextrendalerts.com/ - yuval613, on 08/22/2008, -1/+1If you like forex and Digg you may want to check out the first and only forex Digg style website: http://www.fx-bar.com
- russellriddle3, on 06/29/2009, -0/+0Fap Turbo System
http://reviews1st.com/ForexSoftware - AdmLangford, on 05/03/2008, -1/+1What about forex robots like these ones
http://www.pietsestroku.info and http://www.uvrenbroomop.info - TheChartSecret, on 07/07/2009, -0/+0Man, how much spam in one page.
First of all, Technical Analysis and Chart Patterns are proven techniques for timing the markets. You cannot win and get 60-70% percentage by accident. This is beyond statistical error. - tolio, on 10/12/2007, -1/+1Nice article for beginners (like me).
Can anyone identify the software used for the screens?
cumps - RichUser, on 12/01/2007, -1/+1Nice guide.
http://www.officiallyforex.com - apu2121, on 05/23/2009, -0/+0Oooh 1,1,2,3,5,8,13,... I heard about this, seems pretty cool. Not really sure if it works or not, myself but it seems to be popular. I downloaded a program on the advice of this video that trades for you automatically on the forex market, and its worked out pretty well over the past few weeks - haven't gambled too much money yet though. Heres the vid if ya wanna check it out
http://www.youtube.com/watch?v=6hx5KmcADbs - inactive, on 10/12/2007, -1/+1You will never see proof that TA actually works because the ones who have figured out how to use it properly simply will not share.Like goldcoin said,once the majority of traders are aware of a certain profitable trading method, the market will simply readjust and render it useless.
From experience, I will tell you that TA does actually work, but TA alone will do you no good. I make a living as a forex day trader, and if I could give out only one piece of crucial information to help someone become a successful trader, i would tell them that the most important quality a trader must have to become successful is good money management.
- jekinh, on 01/18/2009, -1/+1StockTA gives technical analysis a bad name. It has its uses, but as mentioned, you shouldn't look at it as a beginner to TA. Otherwise, you're just looking for a bunch of green BUY signs.Why don't you guys try this guys out, I have been trading with them for some time now using the virtual account. Financial Fixed Odds... www.betonmarkets.com ,it allows traders to speculate on the movement of the worlds' major financial markets, up down or sideways without actually owning the market, stock or currency you are buying.I love the forex I trade with it everyday and my tips on http://alldaforex.ru
- maxdumdum, on 10/09/2009, -0/+0I use this technique http://maxforextrader.com
- Volarex, on 02/10/2009, -1/+1the best forex software in 2009 reviewed
http://www.squidoo.com/Day-Trading-Robot-Scam
http://daytradingrobotsbestreview.blogspot.com/ - Beasiswamu, on 02/28/2009, -1/+1try also these great indicators for free :
http://digg.com/business_finance/CCI_Woodies_Forex ...
http://digg.com/business_finance/THV_Forex_Trading ... - binaryburn, on 06/15/2009, -0/+0Pretty interesting article
Forex Tips here
http://www.goarticles.com/cgi-bin/showa.cgi?C=1686 ... - virtualboundary, on 11/07/2008, -0/+0if you like Fibonacci stuff check this one out...there is a series of videos you can search and watch how over 1100 pips were made in just one week, trading few minutes a day...
http://www.youtube.com/watch?v=L_VBK6lLECo - tanady80, on 05/15/2009, -0/+0Hi,
Thanks for the sharing about Fibonacci Indicators.
Appreciate it!
I've a blog posted regularly as well, covering almost all
the basics of trading. (Only if you agree), please visit and comments at:
http://www.options-university.biz/blog/forex-optio ...
Thanks and great day!
Tanady
Options-University.Biz - Beasiswamu, on 03/26/2009, -1/+1these also being a great indicators
http://digg.com/business_finance/Big_Dog_USD_Break ...
http://digg.com/business_finance/vForce_Revolution ... - Beasiswamu, on 04/26/2009, -0/+1fully agree, interesting article.
here's another related articles:
http://digg.com/business_finance/Bagovino_Forex_Tr ...
http://digg.com/business_finance/Forex_Power_Tradi ...
http://digg.com/business_finance/Mouteki_Forex_Tra ...
source : http://hyiperz.com and http://forexperfect.com - fxpnf, on 05/17/2008, -1/+0Fibonacci has its value in the forex, but the problem always starts with where to anchore the retracement and where to end the retracement.
http://www.fxpnf.com - jclsfx, on 10/12/2007, -1/+0I have been trading with JCL's Forex Trading Group for 1 1/2 half and we only use Technical Analysis for our trading as the charts always price in all fundamentals.
Bottom line is I make very good money, http://www.jcls-forex.com/ and Technical Analysis works very well! - fapturbous, on 02/10/2009, -1/+0Lots of reviews on FAP Turbo here:
http://www.fap-turbo.us - Tooj, on 02/10/2009, -1/+0You can get fibonacci forex indicators at http://forexcave.com
- inactive, on 10/12/2007, -3/+2I have proven technical analysis is a sham. In most cases the common indicators have a 50% plus/minus 5% accuracy. One day I'll write a paper on it.
- NewJerseyBiz, on 10/01/2008, -1/+0I always liked the Fibonacci stuff.
http://www.free-press-release.com/news/200809/1221 ... - inactive, on 10/12/2007, -2/+1Let's see actual proof that TA works. Maybe Simons uses fundamentals and claims it's TA? Someone has to buy at the top in order for people to make money. The people that buy at the top are probably using TA.
- moneyceo, on 02/25/2008, -1/+0It is not about the market analysis, but more about self analysis. How you react to the market is the most important part in trading. Read more article about this at http://moneyceo.blogspot.com
- theforexphantom, on 03/16/2009, -1/+0Forex Phantom is a new EA set to be released in March 09.
http://hubpages.com/hub/The-Forex-Phantom - MickaFX, on 02/19/2008, -1/+0A very good place for forex systems review:
http://www.advancedtradingsystems.com - markm455, on 02/12/2008, -1/+0I have also picked up some good forex trading strategies at http://www.lazyforex.com
- inactive, on 10/12/2007, -4/+3I can save people some time and money. Technical Analysis does NOT work. The price of stocks/commodities/foreign exchanges only changes with fundamentals!
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