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It is important to note that the Technical Analysis Overview
provided does not attempt to be a comprehensive treatment of Charting
or Technical Analysis methods. There are numerous, well-written books
on Chart Interpretation and Technical Analysis. A brief and simplistic
review of some basic charting concepts are provided for reference or
to stimulate further study. Please contact your broker for a
recommended reading list on Charting and Technical Analysis.
Technical Analysis makes the assumption that history repeats
itself. Any trading method or system that works well on a broad sample
of historical data, may have validity when applied to future trading
environments. One should keep in mind that the markets are dynamic.
The forces that motivate price movement are dynamic, and the
participants are dynamic. Therefore any system which has performed
well on past historic data may decline in value as the evolving
dynamics of the markets change over time.
The assumption is made that trading results can be
improved when trading skills are improved. This requires practice!
Surely any time spent learning to trade on past historical data, will
not b
The assumption is made that trading results can be improved when
trading skills are improved. This requires practice! Surely any time
spent learning to trade on past historical data, will not be wasted
when it comes to preparing to trade for the future.
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