Technical Analysis
Long ago, investors should follow the news and company's financial statements to evaluate its current price and predict the market's future. This is the method of working "Fundamental analysis (FA)" which is base around data and personal opinion.
Technical analysis, away from financial statements and indifferent to the news, works with trading volume, supply and demand, price fluctuation over time and focus on the pattern of market—the combination of statistical analysis and behavioral economics differentiating technical analysis.
You were born to win,
but to be a winner,
you must plan to win,
prepare to win,
and expect to win
However, It needs knowledge and strategies of using them.
Technical analysis is knowledge of market.
It includes simple assumptions for analyzing and predicting the next movement of price. Technical analysis mainly works with charts and indices to find out the market trend and show a visual appearance of buyer and seller's decisions during times.Technical analysis is a flexible, well-functioning skill of market;
It is flexible enough that any two traders can look at the same pricing history and arrive at very different pricing projections. It is also well-functioning that works for all tradeable financial assets (securities) like stocks, Forex, currencies, etc.Technical analysis can be a plan, preparation, and expectation of winning.
The only determinant of this condition is the price. The change rate of price in time is represented on a diagram called "price chart". A trader, whose money and actions influence the market, can choose various timespans for viewing the price chart. This is the advantage of technical analysis that brings the history of the market to the trader's eye and lets him pick up any "time frame" for trading. This time frame can range from minutes or hours to days or weeks, or even longer. Any of them show specific aspects of the market, and choosing them relies on traders' strategies. The investment strategy is the winning plan, but no best one works for everyone. Traders pick and choose a strategy based on their type of trading (Scalper, Day trader, Swing trader, or position trader) and markets (Stocks, Options. Forex, Futures, or commodities) they are willing to trade on. The strategy should test various indicators and time frames to reveal its capabilities. Strategies complement technical analysis knowledge. There are as many trading strategies as there are traders.