As we going through the entire trading process , we will finally find out some sort of patterns just appearing over and over again. This is why we need such a cool tool Technicals to help us identify where is the entry and where is the exit.
TA101 training program will get you there.
Disclaimer:TA101 is not a university course or whatsoever, you don’t get credit from learning this course;
New Members Download Documents Below (TA101 1&2)
Definition of ‘Technical Analysis’
A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security’s intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.
How does Investopedia explain ‘Technical Analysis’
Technical analysts believe that the historical performance of stocks and markets are indications of future performance.
In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, the technical analyst’s decision would be based on the patterns or activity of people going into each store.