Review: TECHNICAL ANALYSIS-WHAT IS IT & HOW DOES IT WORK
Rating: 5 out of 5
Date: 05 30, 2014
Joel Sanders provides a practical introduction to the key principles of Technical Analysis by first defining the method and its components before illustrating how to apply the concepts. In order to effectively predict the price movement an asset many traders use this approach to identify market trends.  Technical Analysis uses indicators such as price movement, volume, moving averages and support & resistance levels essentially this means the method studies supply & demand of the market in order to determine the direction of a assets price.  Technical Analysis is based on three assumptions; the market discounts everything, price moves in trends and history tends to repeat itself.  Understanding the benefits & risks of this approach can give you a new set of tools to enhance your trading abilities.  Sanders eBook is an excellent presentation for beginners.