Basics

Some myths of Inter-market Analysis and Technical Analysis

It is believed that Technical Analysis can only predict equity markets for short term only but this is just a myth. Following are few points to correct your myth on this school of studies: Any Asset Class:  Technical tools can be applied to any asset’s price forecasting which is not possible for Fundamental. For example, …

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Basics

Technical Analysis and Fundamental Analysis

Another step towards basics of Technical analysis is to understand how it is related to Fundamental Analysis and what does market prices represent. So lets look down at few points. Technical Analysis considers only past price action to forecast future prices price, while Fundamental Analysis takes into consideration Economic factors of demand and supply that causes …

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Basics

Lets Start with Technical Analysis

A common definition of Technical Analysis as said by John Murphy: “It is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends”. Technical analysis is basically study of historical prices where underlying asset has traded in past. Study gives more emphasis on the closing price after …

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