Hi all, there is something I really need to understand,
First of all, thanks for looking at my post.
I get it, people selling courses are usually not so honest and most of them wont make us money.
But, I keep doing the same thing over and over and it’s been for months now.
I look at babypips’s school of trading and other sites about trading, most of the stuff is about technical analysis.
Then, what I would call insecurities, come in play.
I look on the internet for things like ‘‘Does technical analysis really works’’ then I stumble on many, many threads about how ‘‘everything they teach about TA is a lie, TA doesn’t work, it’s not the way the big institutions are making money, etc’’
**I really don’t mind spending a lot of time on learning Forex, the only problem is going back to the tought of ‘‘Am I only wasting my time reading useless stuff that doesn’t work?’’ Because let’s be honest, once you look further on the net for Forex answers about technical analysis, it’s really a mess of opinions. **
You have 50% of the traders / websites who say '‘Yes Technical analysis (indicators, Support/ Resistance, Chart patterns) work, then you look a bit further and you have the other half who say that all of this is litteraly a big ol’ lie.
So what’s up with that? Is there 50% of the internet that is ‘‘lying’’ ? I have never seen anything like that on any subject apart from Forex.
Why would the whole babypips school be a lie? Why would they loose so much time writing false theories? Or why would all these traders lie on the internet by saying that the technical analysis stuff doesn’t work?
Any of those two possibilites don’t make sense to me.
It is so weird, I am surely not the only one who wants to learn but who is constantly afraid of learning stuff because ‘‘it might not work’’.
I have never been so motivated in my whole life for something and I want to succeed, I am not one of those who think that I will get rich in an instant but this whole ‘‘50% says that, 50% says the opposite’’ thing is demotivating.
It looks like the only thing I can do is to test by myself to see what’s right, and that’s what I’m doing but, it doesn’t make sense to test TA for a long period of time if there is A LOT of people saying that it’s completely useless.
I would appreciate answers especially from people who manage to make money from Forex for a long period of time.
Here are 2 pages that are the perfect example of ‘‘everything about TA is a lie’’: