Technical Analysis
Technical analysis is the study the past price behavior of a financial instrument in an attempt to determine what the future behavior might be.
Technical analysis involves the use of (mathematical) indicators and interpretation of price patterns on charts. In day trading, technical analysis is of utmost importance.
Day traders usually do not care about fundamental factors that can affect the price of what they are trading. They simply react to price changes on their charts based on their technical analysis studies. The principles of technical analysis apply to long-term as well as short-term charts. A good day trading platform to trader currencies, stocks, or futures should have technical analysis built in.
Back to trading definitions.
What others are saying:
AWESOME SITE! I cannot tell you how much your site has helped me with my
trading. And I'm glad I found you right about when I first started...I
have done very well so far and large part of that success is due
to your suggestions... Dean P. Read More...
No testimonial used on this website is indicative of future results. Past results are not indicative of future results. The individuals quoted in the testimonials used were not paid to be quoted. The testimonials used on this website are unsolicited and are non-representative of all visitors.
