Learn Technical analysis: Main Talking Points
- Technical analysis is a popular field of study for FX and commodities traders as it can help to make trading decisions with an eye on risk management.
- At DailyFX, our analysts and strategists[1] share several different technical analysis[2] methodologies and practices in their reviews of the markets, which can inform trading strategies and help to shape key decisions.
- DailyFX technical analysis also includes a plethora of research and education[3] on this topic, and this article goes over some of the more popular resources available to traders, each of which are no cost and available to all.
Technical Analysis at DailyFX
Trading may seem simple at surface level because almost every human being has the same ability to open and close a trade. And given that the future is truly uncertain, it can seem as though a new trader has the same chance of winning on any given trade as even the most grizzled of market veterans. But with time and enough examples, it often becomes clear that there is more to trading than just picking the right market and ‘guessing’ correctly a certain number of times.
There’s strategy, and technique, and a plethora of ways to go about ‘trying to see around the next corner’ in order to attain desirable results. Like most other endeavors in life, this usually takes time and experience for an individual to learn how to best do this for themselves.
One of the keys often incorporated along the way is technical analysis,[4] or the premise of using the chart and past price movements to help make trading decisions. Technical analysis is simply an examination of the past, and this is often carried
