Forex systems use past price movement to determine where a given currency may be headed. Many traders turn to forex technical analysis because it presumes that all the factors that joderne a price - economic, political, social and psychological - have already been factored into the current exchange rate by the market. Technical Analysis Discounts Everything; Especially in Forex Minimal Rate Inconsistency There are many large players in the forex market, such as hedge funds and large banks, that all have advanced computer systems to constantly monitor any inconsistencies between the different currency pairs.
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