We made our Technical Analysis lessons as simple as possible for easy understanding. There will be as much graphs and step by step guide as possible. We believe that the basic is the most important step to understanding TA - with these basics, you can move on to read some of the more advanced books in the market. But what we can say is that - you do not need to. With the basics + your own experience = you can develop your own set of proven tools. Let's start with Chapter One.
Technical Analysis and Art or Science?
It started more as an art and has become more scientific due to rapid development in computer technologies.
It will remain an art with greater scientific underpinning.
Technical Analysis (TA) Vs Fundamental Analysis (FA)
FA = Gives the causes of price movement
TA = Studies the effects of price movement
TA and FA are mutually supportive in the long-term but when it comes to short-term there