Technical Analysis: How It Works And Why You Should Learn About It
Technical analysis is a form of investing that has been around for hundreds of years. The advent of the internet increased the accessibility to this method and has made it increasingly popular with traders who are looking for a quick and easy way to make money. This article will explain how technical analysis works, what market makers and investors do, and you'll even learn to apply these techniques yourself! What is Technical Analysis? Technical Analysis is a method of trading that is not based on fundamental analysis . This means that traders are not trying to predict changes in the stock market or forecast changes in the economy. They are attempting to take advantage of large price movements, by predicting which way the market will go during a given period. This method has been used by investors for decades, and it has proven to be an effective strategy. How Does Technical Analysis Work? Technical analysis is an investment strategy used to predict the price of a