Technical analysis is a method or forecasting prices movement using historic data analysis. All of the market’s basic principles are reflected in real data.  Thus, a market’s basic principles and several factors like for example different experts opinions, investors fears and expectations, and market participants psychology, do not need to be studied.

History repeats itself and thus any market movement can be highly predictable, in the form of charts, diagrams and patterns.  These patterns, which are created from price movements and price fluctuations, often give buy or sell signals for traders.  The main aim of technical analysis trading is to predict any possible pattern or any new signal which reflect the current market by examining previous similar patterns and their effects which occurred in the past.

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