What is Technical Analysis?

What is Technical Analysis?

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
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Important Rules For Trading

☆ Always do your analysis before trading ☆ Always have a clear and reasonable idea of your objective ☆ Never trade on emotions or other people's forecasts ☆ Buy at support and sell at resistance ☆ Always trade with "STOP LOSS" ☆ Never hold a losing position over night ☆ Never add to a losing position ☆ Never risk more than 5% of your trading capital on one trade ☆ Take responsibility for your own trades ☆ If you are breaking any rules ***STOP TRADING*** Because you are out of control ☆