Technical analysis is a method of figuring out what the next market movement might look like by reading the previous market’s historical data. This is a simple universal trading method that based on various charts, trading tools and market information to find what future market movement will be. This allows traders to analyze the past market data to trade present. This method is very popular for traders all over the world. Some call this system is “Trade with Historical Data”. In real example this is actually a preparation for our exam, A simple method of getting good results taking the preparation according to last year's questions to getting ready for next year's exam. The technical analysis is like that.
Technical Analysis works with three things:
Market Action
Trend and Price Movement
Market Historical Data
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