Quote Originally Posted by AbdulShiek View Post
You are correct. We should know the primary causes of how the price changes. I think the people who read a lot about economic news have a good chance to make profits in this kind of industry.
I agree with you. But I also think that technical analysis is a great help to new traders. Especially those who are still not capable enough to digest economic news and make decisions from that alone. They need the opinion of more experienced traders.