Understanding Technical Analysis for CFD, Crypto & Forex Trading

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Added 2 years ago by admin

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Technical analysis is the study of market data and people's actions in the market. Price levels that have historically served as turning points, the amount of stock bought and sold each day (volume), and the rate of change of price movements over a given period are examples of such data.

However, they are better at deciding what to do—buy, sell, or hold—based on the probabilities of others' actions under certain conditions. In other words, if a pattern appears on the chart, a chart observer can construct a framework for what the market might do when prices break free from that pattern. It does not always work, but past performance gives us an idea of what will happen to plan accordingly.

Charts are always telling a story.

However, those charts may occasionally speak a language you do not understand, and you may require the assistance of an interpreter.
The interpreters are technical indicators.

They analyze price data and convert it into simple, easy-to-understand signals that can help you decide when to buy and sell an asset.

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