Why Technical Analysis Works

This article is all about the basics of forex charts and using technical analysis to win. It's the simplest most time efficient way to achieve currency trading
success and anyone can do it with the right forex education...
Forex charts allow you to see all the inputs that go to make up the price and while you get people who say you cant trade without taking into account the fundamentals, that to a degree is true - but forex technical analysis does take the fundamentals into account and the following equation will make this clearer:

Fundamentals (supply and demand) + Investor View Of = Price

The fundamentals are not important by themselves - it's how all the traders view them that makes the price. We all have the same facts to look at but we all draw different conclusions from what we see and this vast mass of opinion makes the market price.
Technical analysis simply assumes that all fundamentals will quickly show up in price action and it also does something more - it tells you how the investors perceive them.
Markets move on investor sentiment and that's why studying charts is so effective.

Human nature is constant and this is reflected in the charts.

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