Market psychology and trader's decision

Some traders are trying to find a technical analysis in the online forex trading currency of the secret of success or now following his movements. Others believe that in every kind of schedule prices move with only inherent characteristics of this schedule. Not so! Schedule - this is just a reflection of past prices and nothing more. Exchange rates will not fall or rise due to another type of schedule. It moves only because of forecasts of market participants about the behavior of prices.

Technical analysis does not causes the movement of prices in the market. The mechanism works as follows: information in the chart - evaluation of information - the adoption of corresponding solutions.

Graphs of all traders contain exactly the same information on which their behavior and is based on the market. That is, if a sufficient number of traders will place orders for buying the euro, the euro is likely to price jump.

Price information is important only because traders make decisions that give effect to it. Technical analysis is based on a powerful logic: it works, because everyone believes it works, and takes the corresponding decisions.