fbpx
  • Analysis

28 December 2020,08:04

Analysis

What is Technical Analysis

28 December 2020, 08:04

Share on:
FacebookLinkedInTwitterShare

Now that we’ve spoken about fundamental analysis, what it means and what it consists of, let’s take a closer look at technical analysis.

What is technical analysis?
Unlike fundamental analysis, which is concerned with an asset’s intrinsic value and what its price should be, technical analysis focuses more on pattern recognition.

Technical analysis is a subjective art based on using past price movements to predict future outcomes. Put simply it helps investors to predict what will happen in the future by looking at what has happened in the past.

Why is technical analysis useful?
It’s a common misconception that all there is to technical analysis is lots of charts. There are plenty of skills involved in technical analysis which if applied, and applied correctly, are able to increase the probability of a winning trade by predicting the likely price action.

  • Support & Resistance Levels + Pivot Points
  • Trend Lines & Channels + Breakout Points
  • Chart Patterns
  • Trade Entry & Exit points
  • Strategic Stop Loss points

Technical analysis can be looked at as another way of reducing your risk.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Szybkie i łatwe otwieranie konta

Utwórz Konto na Żywo
  • 1

    Zarejestruj się

    Zarejestruj się na Live Account w PU Prime za pomocą naszego procesu bez żadnych kłopotów.

  • 2

    Fundusz

    Bez wysiłku doładuj swoje konto za pomocą szerokiego zakresu kanałów i akceptowanych walut.

  • 3

    Rozpocznij Trading

    Uzyskaj dostęp do setek instrumentów w ramach wiodących na rynku warunków handlu

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!