New Technical Analysis for Beginners Candlestick Analysis Trend Trading Strategies

New Technical Analysis for Beginners: Candlestick Analysis Trend Trading Strategies by S.S. Charles
English | 2022 | ISBN: N/A | ASIN: B0B71LTKFL | 65 pages | EPUB | 0.59 Mb
Technical analysis has been used by traders, analysts, and investors for centuries and has achieved broad acceptance among regulators and the academic community-particularly with regard to its behavioral finance aspects. This reading gives a brief overview of the field, compares technical analysis with other schools of analysis, and describes some of the main tools used in technical analysis. Although technical analysis follows predefined rules and principles, the interpretation of results is generally subjective. That is, although certain aspects, such as the calculation of indicators, follow specific rules, the interpretation of findings is often based on a melding of techniques that suit the style and approach of the individual analyst. In this respect, technical analysis is similar to fundamental analysis, which has specific rules for calculating ratios, for example, but introduces increased subjectivity in the evaluation phase.