Reply on FXCC

<p>Yes, indeed, technical analysis is very important in trading, it is often the only means to measure the “”irrational”” (emotional) component needed to adequately assess market conditions. Random-event theory says that today’s market prices have no effect on the market prices of the following days. But this approach does not take into account an important component of the market: people. People remember previous days’ prices and act accordingly. Thereby people’s actions affect the price, but the opposite is also true: the price itself affects these actions. So the price itself is an important component of market analysis.<br> I agree that FXCC broker provides a lot of indicators for successful technical analysis.</p>