“Technical Analysis” is a complicated-sounding name for a very basic approach to
trading. Simply put, it is the study of security prices in order to make better trading
decisions. The primary tool of the technical analyst is a chart showing price and
volume. By identifying patterns over time, technical analysts are often able to predict
the direction of the market, and specific securities.
Of course no one can predict the future, but remember successful trades are about
beating the odds and making
more winners than losers,
and protecting one’s profits.
Technical Analysis provides
that edge to a great deal of
In the pioneering days of
technical analysis, charts were
painstakingly hand drawn.
Fortunately computers now
perform the tedious aspects
of charting. To be sure, many
charting software programs
have come and gone, but
MetaStock has set itself apart
for over 30 years as the choice
of serious traders.
The primary tool of the Technical Analyst is a chart
showing price and volume... among other things.