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tanalysis
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Technical analysis works better on FX because FX have more liquidity and in FX only speculators are trading. In equity trading beside speculators you have traders who really want to own part of company. How much would you pay if you want to own for example 10% of company shares? Of course there are many shares on market on which you could apply technical analysis, but in general technical analysis gives better results in trading FX.
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What is the Best Automated Forex Trading Software for Beginners?
tanalysis replied to sonjeriff's topic in Beginners Forum
Maybe the best trading software is Metatrader. Good thing also is that you can find lot of expert advisors and indicators on net for metatrader (lot of them are free). -
Introduce Yourself Here - Don't Be Shy!!
tanalysis replied to trading4life's topic in Beginners Forum
I suppose that you are interested in creating good software for trading (charts, technical analysis, trading etc). First of all I would recommend a book: "Technical Analysis of the Financial Markets" by John J. Murphy. It is good starting point to learn technical analysis. Then you can read more about technical analysis (indicator's calculation etc): 1. StockCharts.com - ChartSchool 2. Incredible Charts: Home Page 3. Investopedia.com - Your Source For Investing Education 4. Technical Analysis Guru Hope this helps -
Indicators are good trading tool, but you cannot stick to buying/selling signals of one indicator "blindly". You have to use more tools (chart patterns, drawing tools, more indicators). If you follow one indicator blindly, your profit will most likely oscillate around zero.