How Important is Technical Analysis When Managing Forex Trades? – Vantage FX Comments

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Vantage FX’s Jay Mawji, comments on why the importance of technical analysis for forex traders should never be underestimated.

Vantage FX UK

Vantage FX UK - Multi-Award Winning Forex Broker

At tomorrow’s (21st June 2013) City A.M. Active Trader Conference, Paul Hayward, amongst other speakers will be addressing forex technical analysis.

The London conference will feature topics including a social media master class, short term equities, day trading strategies and automated trading.

In an interview with City A.M. OANDA’s Paul Hayward said his talk will cover: pattern recognition and risk management, as well as the use of key indicators and overlays.

Vantage FX, Head of Market Analysis Jay Mawji commented:

“As volatility increases, traders become more reliant on technical analysis. The biggest downfall is that clients remain focused on 'entering' trades, but pay insufficient regard to managing open trades or closing out trades (for a profit or loss). Markets move both ways and it's what you do in those moments that define your success; technical analysis plays a key part in achieving that success.”

Vantage FX provides a range of educational materials to compliment its wide range of trading tools to help traders compare forex spreads.

These include a chart analysis series which teaches forex analysis fundamentals in a series of ‘How to’ videos as well as advanced analysis of recent activity to help all traders improve their performance.

Watch Vantage FX’s latest chart analysis video now: “How To Use Trendlines - Part 3 | Vantage FX”    

About Vantage FX

Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.

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