m cashbackforexbtcconceptions a: the wrong East forex cashback forexcashbackcalculatordicators analysis as technical analysis   In the eyes of outsiders, when it comes to technical analysis, let people associate such as MACD, KDJ, RSI cashback forex other technical indicators even if I am in the school, but also often consciously unconscious of the technical indicators hanging in the mouth which is really a big misconception obsessed with technical indicators are broadly divided into two levels: 1, the primary level trying to find a technical indicator once and for all, for the KDJ, MACD such classic indicators like parameter settings and time periods, the most depressing thing is nothing more than the technical indicators issued by the signal often fails. The primary level tries to find a once and for all technical indicators, for KDJ, MACD such classic indicators, like to constantly change the parameter settings and time period, the most depressing thing than technical indicators issued by the signal often fails  2, the senior level after a long period of time, found that the traditional indicators correct rate is not high, began to develop their own new technical indicators like on the major forums and others to discuss the technical indicators formula, once you see someone write a new formula is eager to analyze the source code of the formula through like perpetual motion machines Eastforexcashback not exist, there is no invincible universal indicators in the currency market  said so much, so technical analysis and technical indicators in the end what is the relationship?   Technical analysis is a superior martial art, but the essence of this martial art is the unique method, not in the specific martial arts moves, not to mention what weapons you hold in your hands, and technical indicators are the weapons in the hands of martial artists MACD, KDJ and other technical indicators are like eighteen weapons, if you are proficient in all eighteen weapons is certainly very good, but and people fighting you bring one or two of the most handy The sad thing is that many people who think they are in the technical analysis school, do not learn martial arts techniques, but spend all day researching and developing new weapons, and even exhaust their lifes work, Im sorry to say that such people, at best, become a first-class blacksmith master, but can never become A real master of martial arts, will never be stuck in a specific technical indicators in the eyes of the master, falling leaves flying flowers can hurt people, benches and sofas can also be a weapon as in the Eight Dragons in the sweeping monk, a hand will be different, and who will go to study what he is best at weapons?   Misconception two: wrong technical analysis as science  technical analysis is science? Not science is concerned about accuracy, rigor and correctness, how to look at technical analysis and science is difficult to dip into the edge rather than technical analysis is a science, rather than an art to technical analysis as a science of people, will inevitably fall into the misconceptions of superstition such people have two main characteristics: 1, just give him a K-line chart, he can pat his chest to say the next days trend, and even can say with conviction that a certain year a certain month a certain day can rise to 2, like to open a clinic store, ancestral secret recipe, cure all diseases no matter what currency, can open a prescription what breakthrough buy, rebound shipments, plus a few sentences similar to the high distribution low absorption of nonsense, but also let the sick people listen to a froth of the hereby declare, this two types of people, not my school in the people  judgment of the trend of the currency movement, if you can The technical analysis by studying the history to make a judgment on the possible future trend, which is certainly by the limitations of the history will not simply repeat, therefore, the role of technical analysis is only to increase their probability of profit, and reduce the probability of loss if you do not realize this, talk about technical analysis, can only be nonsense  the technical analysis of the trend of the price movement, if you can reach 70% of the correct rate, that is one in a hundred martial arts masters of the speculation of foreign exchange is, to put it bluntly, the game of probability. If you dont realize this, talk about technical analysis, you can only be blind  Myth #3: The number of waves to brain cramps  The door to the creation of the school, the senior people have emerged, leaving a large number of martial arts secrets, on the one hand, to show the prosperity of my school, but on the other hand, also brought many beginners a lot of trouble which, Mr. Elliotts wave theory, is one of the most controversial martial arts of the door in my opinion, as a prediction-based theory, the wave theory I think there are many followers of wave theory in the forum, I am not here to offend you, just to talk about their own views in the currency market for many years, I have also seen some of the number of wave masters, although everyone comes out different, but the theory is said to be a set of, but unfortunately the number of wave masters are not money masters  Mr. Elliott although the creation of the wave theory The wave theory, but always as an analysts point of view rather than as a large capital of the actual combatants to see the currency market, perhaps because of this, making the wave theory in the practical aspects of the major defects as the grandfather of the wave theory, the end of the late years is actually poor and died  wave theory is a cunning theory standard a cycle is eight waves (bull market performance for five up, three (down), but in practice, each wave is not equal, it can be compressed, can be extended, can be simple, can be complex waves can be extended (called extension waves), can fail (called failure waves), can also be mutated, in short, as long as you turn to the historical K-line chart, all the movements can be explained by wave theory  wave theory is a good theory, but unfortunately not a good way to make money If you are interested in technical analysis of a newcomer, you can ignore the wave theory, these flashy martial arts, do not learn it If you are determined to devote yourself to the crooked mouth of the assessment of friends, the wave theory is a million can not fall, such a good thing to fool people, do not learn it is not a pity  obsessed with the wave theory friends, often go off the rails, the more waves, the more money is less and perhaps I Im not familiar with it, I havent met anyone high