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Are stocks a better idea than currencies?In my research for the info I'm going to write about RSI (Relative Strength Index), I've been reading around a quite a bit. I came across a site called barchart.com which is a pretty useful site if you are trading in stocks. It has a really cool feature which I wish was available for foreign currencies (if only I could find a good free data feed.....), basically they run a few technical analysis studies on the thousands and thousands of stocks, based on the results of the studies they assign buy, sell and hold ratings and give an overall rating. As you might have guessed by the title of this post, I'm wondering if trading on the stockmarket might be a better place for a technical analyst to ply their trade than by trading currencies on the foreign exchange market. Not because foreign exchange is less suited to technical analysis, rather because there are so many more stocks which can be sifted through for the perfect trade which is almost guaranteed to make money. Where with currencies there really isn't a whole lot of them to choose from, though they sure are more volatile than the average stock from what I've been able to see.
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