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XM Forex Guru Promotes Technical Analysis in Morocco Seminar

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XM Forex Guru Avramis Despotis made a significant contribution to the 37th ICA Conference and Exhibition event series held in Morocco on 15-18 November 2012.

Within the framework of the main ICA (Interarab Cambist Association) conference topic Innovation in Finance: Ensuring Sustainable Growth, debated by former British PM Tony Blair and prominent treasury experts, who discussed crucial issues that affect the global financial-economic situation in general and the innovations needed in the financial markets in particular, Avramis Despotis delivered two presentations on technical analysis that can be considered genuine eye-openers.

Since previous ICA conferences have mainly promoted the significance of fundamental analysis, Mr. Despotis’ aimed to emphasize that versatility in thinking and acting is as decisive for the big global financial players as for private investors. “Fundamental analysis, however, is only one perspective to see in which direction Europe and the euro are heading at present”, says Mr Despotis, “I am utterly glad to have had the opportunity to give my seminar attendees a close insight into an equally efficient method: technical analysis.”

The seminar entitled Bridging the Trading Gap: The Technical Analysis Approach on 15-16 November aroused great interest among attendees, not least because Mr Despotis made it very clear that today’s investors must be able to quickly adapt to global financial and economic changes at all times. Innovative thinking and the openness to applying various techniques in investment practices is necessary.
As Mr Despotis claims, “Technical analysis is the best method for investors to gain the big picture of a particular currency pair’s price movements.

It is crucial to recognize historical price movements and price patterns in order to predict future trends. Used in combination with proper risk and money management techniques, technical analysis completes fundamental analysis efficiently – and this is what all those who trade the global financial markets should not only be aware of but also master.”