'Technical Analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.' John Murphy’s definition, taken from his seminal work Technical Analysis of the Financial Markets - often referred to as an industry bible - is one which is repeated in journals, articles and internet forums across the trading community. However, what the majority of novice traders fail to realise is that although the underlying principles of the patterns he describes are valid, there is a lot more to consistent profitability in a live market than simply executing Murphy’s set-ups. (more...)

Welcome to November’s Futures Masters - Interviews with Futex Academy’s elite traders. This month, Futex Managing Director Mark Rossi discusses the industry and how to succeed in trading. Mark Rossi has been a futures trader since 1993. He has been Managing Director of Futex since 1995 and is a partner in Futex Investment and Trading Academy. (more...)