An update on last week's 4 hour chart trading: Lost again. I'm quitting forex forever. I think the FA is too subtle (you have to analyse two nations in each pair), and the TA too different to my normal indices approach. Also, the forex moves are smaller and more random. FWIW, I think beginners would be better off trading indices because the FA and TA are more straightforward. But brokers suck people into forex with biased claims about it being the biggest market, the most liquid market, the hardest market to manipulate, and it trades 24 hours per day. Compare the two most popular markets over the last four or so weeks:
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