Technical analysis is the study of charts and indicators to determine the past and future price movement of a currency pair. Unlike fundamental analysis , technical analysis relies on the use of charts and mathematical techniques to examine various aspects of a currency pair’s price movement. With the growth of the Internet, technical indicators that were once available only to brokers and professional traders are now available to any trader with a computer.
Technical analysis does not tell you when a stock is cheap or expensive, but it can solve the problem of timing, which determines whether or not your investments will make you money or not. One of the biggest investment myths is that if you buy and hold you’ll get rich. Timing is everything. Timing involves trend analysis through the use of stock charts.
At The Technical Analysis Guide, we strive to give individual investors the tools needed to succeed in the ever changing market.