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Newbie asking a newbie interest rate question: 1 reply
Another new student 6 replies
Forex Without a Job (College/Uni Student) 35 replies
GusForex - College student on a mission 2 replies
student needs answers to some questions 5 replies
Once the price has broken through support or resistance, it often returns to the area of the breakout. The terminology used to describe this return varies, depending upon whether the breakout was bullish or bearish in nature.
Technical analysis is useful, but it isn't perfect. Why is it that there are no perfect patterns or techniques?
One reason is that markets change.
Even if you could create the perfect trading system, one that would've been successful in the past, markets are in a constant state of flux.
Because of this, tactics that worked in the past sometimes become ineffective, and strategies that failed in the recent past sometimes regain their effectiveness.