Understanding the Limitations of Technical Analysis

In this webinar, FOREX analyst & trader Jason Alan Jankovsky introduces you to often overlooked basics of technical analysis. For example, technical analysis cannot be relied on for building a winning trade approach because it is not predictive, it is historical. It is the traders’ failure to understand this critical difference when analyzing the FOREX markets that often leads the trader to execute too early or too late in an otherwise potentially profitable market set-up. In other words, the trader may have been correct in his assessment of the overall potential for the market to move in a certain direction, but his failure to understand what the historical basis for that trade means in real-time led him to participate for a loss.

Jason Alan Jankovsky is a 25+ year veteran trader. Trading in Futures, Options, and FOREX since 1986, first as a customer and then as a registered broker, he is self-taught and self-educated. Working in almost all facets of the trading business, he has authored several trading systems, trained other successful traders and has been published in many industry periodicals. He is a regular guest on FOREX TV as well as other business radio and television shows. He is the author of “Trading Rules that Work: The 28 essential lessons every trader must master”, “The Art of the Trade: What I learned (and lost) trading the Chicago futures markets” and “Time Compression Trading: Exploiting multiple time frames in zero sum markets”. He has focused on the psychology of trading as the key component to a successful trading methodology and he provides daily trade coaching & analysis working directly with traders of all skill levels.