Forex Automoney: Behalf and Against Forex Automoney Machines by Michael Kahiri – Finance MBA
As a first year Finance MBA student, you almost automatically learn to adopt an academic point of view regarding technical analysis tools. Technical analysis has never been proven as an accurate trading system that generates continuous success percentages over time. As a matter of fact, no other trading system had been reported as one.
The controversy between the academy world and the traders’ world come down to the following: the academy claims that no evidence had been found to support the fact that technical analysis can provide high percentage success signals in order to provide profits over a long period of time. The traders claim is: how come so many people and the whole industry are circling around technical analysis for no reason.
I’d like to shad some light in order to explain better that the difference between the approaches is not as it looks like from the first glance.
What most academic researches don’t really emphasize is that there are numerous academic thesis studies that had proved statistically that there are cases of proven success of few technical analysis techniques that provide profit over a certain period of time.
The success was time limited and worked only for a certain period of time. At the end of this time the technique stopped working and stopped generating profit.
The academic explanation for that was that when the knowledge of such successful technical analysis method has been widely spread at the markets, the currencies prices had to reflect the method forecast in a matter of seconds, because all the traders acted the same way as soon as they got the signal. That is the main explanation of why some methods worked only for a limited period of time in the past.
That approach still does not answer one of the basic questions we have:
- How come there are some firms (well known in the industry), that hire a full employee stuff in order to trade (many of them are daily traders) with their own portfolio. It will be safe to assume that these companies’ existence is solely depends on their ability to provide profitable trading over time.
- It is unknown if there are companies that are able to adjust a different trading strategy on the different time periods.
A team of undependable researchers have decided to take one of these Forex Automoney Machines to a “Road Test”. The purpose of the road test was to examine whether the company’s strategy can provide success results which would gain profits over time.
You can learn more about this on-going research results on http://www.forexautomoney-review.com.
From Michael Kahiri – MBA in Finance and Trading strategies.
Michael Kahiri is an MBA in Finance and Trading Strategy graduate, a day trader, with a lot of experience in: comparing, analyzing and evaluating financial products.
http://www.forexautomoney-review.com
Article Source: http://www.eArticlesOnline.com/Article/Forex-Automoney–Behalf-and-Against-Forex-Automoney-Machines/745603
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