THE TECHNICAL ANALYST HAS
BECOME AN ENDANGERED SPECIES
According to Investopedia.com,
technical analysis is a trading discipline employed to evaluate investments and
identify trading opportunities by analysing statistical trends gathered from
trading activity, such as price movement and volume. Unlike fundamental
analysts, who attempt to evaluate a security’s intrinsic value, technical
analysts focus on patterns of price movements, trading signals and various
other analytical charting tools to evaluate a security’s strength or weakness.
Given the definition above, you
can see the important of technical analysis as far as trading is concerned.
However, many people do not understand what it is, not to mention how to apply
it in their trading. Most readers and visitors to shares, cryptocurrencies,
forex, commodities, etc, news websites, do not understand technical analysis,
and so they prefer to ignore it and read the articles they understand instead
(such as those about fundamental market news and briefs).
Even in the nascent
cryptocurrency industry, demand for the technical analyst is drying up,
especially amid crypto winters, as well as protracted bear markets.
No wonder the technical analyst
has become an endangered species, because most members of the public do not
understand our work and therefore are not interested in our analyses. This is
one of the reasons why the technical analyst’s career is threatened.
When the general public know
more about technical indicators, they will be inclined to read technical
analysis of the markets, whenever they come across such online. They will
appreciate what the technical analyst does and the effort behind those
technical productions. They will be able to understand what the technical
analyst has in mind and how their thoughts can be applied to financial
instruments.
More importantly, people will
be able to apply technical analysis to their own speculation and investment,
with satisfactory results. The truth is, when applied correctly and
objectively, technical analysis works.
This book is also for those who
want to consider a career as a technical analyst. It is very easy to use and
understand; very easy to familiarize oneself with. It contains step-by-step
explanations and it will launch you into the fascinating world of technical
analysis.
The content of this book were
originally published in TRADERS’ (https://www.traders-media.de/), and have been
reproduced by their kind permission
Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html
Teach
Yourself Technical Analysis. UK Kindle: https://www.amazon.co.uk/dp/B08GPGS5GJ
Teach
Yourself Technical Analysis. US Kindle: https://www.amazon.com/dp/B08GPGS5GJ
Teach
Yourself Technical Analysis. UK paperback: https://www.amazon.co.uk/dp/1912741067
Teach
Yourself Technical Analysis. US paperback: https://www.amazon.com/dp/1912741067
Teach
Yourself Technical Analysis, Kobo: https://www.kobo.com/gb/en/ebook/teach-yourself-technical-analysis
Teach
Yourself Technical Analysis, Apple: https://books.apple.com/us/book/teach-yourself-technical-analysis/id1534690445?ls=1
