What Is Technical Analysis?
Understanding Stock Charts
Have you ever wondered how it is possible for traders and investors to make money on the stock market? So many people consider it a gamble these days that it can be hard to believe that it’s actually possible to buy or sell the right stock at the right time. Most successful traders these days use a method of evaluation called technical analysis, which uses the information provided in stock charts to make more informed decisions about their stock market trading.
Technical analysis is the practice of forecasting financial price movements on the stock market based on an ongoing examination of price movements as they take place over time. This practice isn’t like looking into a crystal ball of stock market futures, rather it’s more like weather forecasting, in which past performance is used to make more accurate predictions about what will happen in the future. Instead …