Thursday, September 4, 2014

Few People Have Succeeded Using Technical Analysis

There are some who speculate mainly on the basis of commodities charts and technical analysis. They swear by various mathematical models and theories. Good luck to them. Frankly, in my experience, I have known few people who have gotten rich off technical analysis. (I do know people who have made a lot of money selling technical analysis or books about it.)

Related trading instruments: Nymex Oil futures, United States Natural Gas Fund (UNG), United States Oil Fund LP ETF (USO), PowerShares DB Agriculture Fund (DBA), Sugar Futures, SPDR Gold Trust ETF (GLD)