Art Or Science Technical Analysis

Technical analysis is the study of past market action to try to determine what The Market probability is in the future. At its simplest form, it is the devotion of time and attention to price action. Fundamental analysis involves analyzing the characteristics of a company in order to estimate its social economic status value. Technical analysis takes an entirely psychological emotional approach, it doesn't care about the social economic status value of a company. Technical analysis is only interested in the cycle price action movements in the The Market.

The Market:

• Technical analysis is a trading discipline employed to evaluate investments and identify investment/trading opportunities in price trends and patterns displayed in charts.

• Technical analysts believe past trading activity and price changes of a security can be valuable insight of the security's future price movements.

• Technical analysis may be contrasted with fundamental analysis, which focuses on a company's social economic status rather than historical stock price patterns or trends.

When you take away all the fancy analysis reviews, technical analysis is basically a study of supply and demand. If you understand the profits and risk of technical analysis, it can give you an Edge; a strategy that will enable you to Impact your financial Destiney to be a better investor or trader.

Keep in mind.... Embrace the Uncertainty of Probability!