Is Technical Analysis Effective?
Observing the movement of forex charts and using chart patterns and recurring chart shapes in the market to make buying or selling decisions in the market and Stock Trading strategies is often considered an art. Technical analysis which is also called " chart analysis" or "chartist analysis" is an approach that assumes that financial markets and their prices are directly related to the psychology of the participants in the exchange (traders) more than to other factors. such as health economy for example. How does technical analysis work? If you ask yourself the question " how does technical analysis work? ", then we can answer you that in its simplest form technical analysis is simply identifying the trend of a market . The course of the financial markets usually forms highs and lows, when drawing lines between these points strategies have obtained trend lines, supports and resistances. If we extend these lines slightly, we obtain price levels