A lot of opinions have gone around on this subject and the contemplation on which is best for accurate and profitable analysis.
Before you can properly understand which is better, you need to first understand the concept of both analyses.
Let's dive into it 🤗
In the financial market, technical analysis is a strategic and analytical evaluation or prediction of the future price movement through the study of past market prices on the market chart.
The best way to define this is for you to know that in technical analysis, you discern the behavior of a market price through the data provided on a market chart when paired with appropriate investing or trading rules.
Facts About Technical Analysis
Technical analysis is In most cases used to generate short term signals.
Technical analysis is far more prevalent in commodities and forex markets.
Technical analysis can be used alone or it can be incorporated with other methods such as fundamental analysis or market timing methods.
Technical analysis helps you keep your emotions in check.
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