Most Traders Peg Technical Analysis as Key Factor in Trading Decisions

[kreslik.news]

Earlier this week, Finance Magnates published the first of 2 parts of a recent survey of almost 700 FX traders. The survey results were rather surprising, as highlighted in the first release which indicated that strong demand for FX trading persists, despite the recent hype surrounding cryptocurrencies.

As we look at the second part of the survey, the most lopsided results showed that technical analysis remains the key factor in their trading decision making process. It was by far the most influential factor above all others, and it helps to explain some of the other results seen in the survey.

For instance, ... (read more)