Technical Analysis
Technical Analysis is a means of analyzing past price, volume and other market data, primarily through the use of charts to identify patterns, to forecast future price movements in financial markets such as stocks, commodities, Forex, in fact any tradable financial instrument where price is influenced by supply and demand.
As with forecasting the weather, Technical Analysis is not an exact science, it can't predict the future of market activity. What it does for the investor is give them an indication of what is likely to happen to prices over time, based on historical data.
Technical Analysis can be used with any financial instrument and is concerned with two just things:
1. What is the current price?
2. What is the history of the price movement?
Technical Analysis is a highly versatile tool for the investor because it's principles of market analysis are universally applicable to just about any financial instrument as the steps for analysis use the same theoretical knowledge. The good news about Technical Analysis is that you don't need to be an Economist or an Accountant to carry out the analysis - a chart is a chart which just about anyone from any walk in life can use as the technical principles of support, resistance, trend, trading range and other aspects can be applied to any chart. But Technical Analysis is not that easy, success requires serious study and dedication to master it. These resources will help you do just that:.
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Candlesticks and Pivot Point Strategies Candlesticks and Pivot Point Strategies is a DVD home study course presented by John Person, a 28-year trading veteran of the futures and options trading industry, who will show you how to capture an edge by explaining patterns that he actually developed and currently uses in his own trading. |
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Elliott Wave International’s Market Myths Exposed Elliott Wave International’s Market Myths Exposed 3-part video series turns conventional wisdom about the financial markets on its head, allowing you to think independently of the mainstream and call your own shots regarding portfolio management... |
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FibMaster Fibonacci Trading Video Course If you're not familiar with Fibonacci Analysis then the FibMaster Fibonacci Trading Video Course (Actually two courses - Introduction and Advanced) is a great place to start learning about this powerful trading tool... |
