What is Technical Analysis?
Technical Analysis is a technique that is used to predict the future behavior of the price of a financial instrument such as a stock, bond, currency, etc. based on the historical market information available. There are various online technical analysis courses available in the market for traders and investors who wish to learn more about technical analysis.
Technical Analysis is mainly used by traders to forecast the future movement of financial markets in order to earn good returns in the market.
Technical Analysis highly depends upon the use of various charts such as candlestick charts, line charts, Renko charts, bar charts, and many more along with different types of indicators such as trend indicators, volatility indicators, volume indicators as well as momentum indicators for trading purposes.
All these charts and indicators are said to be very helpful for traders that happen to trade in the financial markets. Technical analysis makes use of all time frames meaning the technical analysis tools can be used from one-minute charts to even weekly, monthly or yearly charts.
