Technical analysis is the study of price movement. In one word, technical analysis = charts. The idea is that a person can look at historical price movements, and, based on the price action, can determine at some level where the price will go. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.
The most IMPORTANT thing you will ever learn in technical analysis is the trend! Many, many, many, many, many, many people have a saying that goes, “The trend is your friend”. The reason for this is that you are much more likely to make money when you can find a trend and trade in the same direction. Technical analysis can help you identify these trends in its earliest stages and therefore provide you with very profitable trading opportunities.
Now I know you’re thinking to yourself, “Geez, these guys are smart. They use crazy words like "technical" and "fundamental" analysis. I can never learn this stuff!” Don't worry yourself too much. After you're done with the School of Pipsology, you too will be just as....uhmmm..."smart?" as us.
By the way, do you feel that green pill kicking in yet? Bark like a dog!
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5 comments:
The most important thing you will ever learn in technical analysis is the trend. Your blog is very interesting.
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Anuj
nitishrocks
The idea behind Technical Analysis is very helpful to determine the historical price movements that also help in increasing profits.
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neha trehan
nitishrocks
Hi,
I find your blog interesting and quite informative. I must appreciate your blog.
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vinny
nitishrocks
Your blog is very interesting. Especially the idea we are getting from technical analysis is very help ful to get information about hidtorical price movements. This information is also beneficial to get help in increasing profits.
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