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Why is the same chart explained differently by traders?

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It is very hard to convince someone that you are right and he is wrong. Most of the time, the person you are arguing with remain in his conclusion that he was right the whole time. This article will not tell you how you can win an argument with the other traders but will tell you something very different. Have you noticed that the same chart is explained differently by the same traders? If you give some people a chart with the same trend, at the same time and even with the same patterns and indicators, they will still somehow manage to make their own explanations. This explanation will not match with each other and if you listen to their arguments, you will be convinced that each of them is right. That is not possible as the same chart cannot have two different outcomes but still, it has got two different ideas. This article will try to explain you this puzzling topic in an easy way so you can understand why the same chart is recognized differently by different traders. (more…)

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About me

I’m just an ordinary guy with a family that wanted a way not to live freely and to do something I have passion for. I found that passion when I stumbled across forex a few years ago and endeavored to find a way to make it work for me. This has become my journey and my life and this is the way I trade.

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Forex Trading

Trading forex is highly lucrative and gives you the highest return on your investment you can trade from anywhere in the world on your pc, laptop or phone. It gives you freedom and can bring the lifestyle of your choice. If you are new to forex and want to learn please go to the “new to forex” page to get started.

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Chart analysis

Forex Technical analysis and chart talk, weekly set ups, support and resistant points. Technical analysis is the skill needed to interpret chart behavior to make rational speculation on price movement. It involves trend following momentum indicators and chart patterns.

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