Posts Tagged ‘Forecasting’

Forecasting Forex – Making a Forex Forecast With a Forex Trading System

Forecasting Forex

A Forex trading system is a set of rules designed to trade Forex profitably. When all goes as planned the system tells you to buy before the market goes up and to sell before the market goes down. Some will say that a Forex trading system will "forecast" the market. Forecasting Forex

We are all familiar with forecasts, especially a weather forecast. Meteorologist study past data and take from that data patterns which appear to repeat themselves. For instance, there are certain number of weather conditions that preceded a snowfall. Meteorologists have studied these conditions and can make a forecast after they have determined that historically certain sets of conditions precede snowfall. Technical analysis is the type of research used by Forex traders to seek out those market conditions that have a high probability of recurrence. They too use historical data in the form of past Forex market prices.

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