Technical analysis

Technical Analysis is the study and modelling of past price movements of financial instruments in the expectation that this will help in the prediction of future price movements. Technical analysis involves the use of mathematical indicators such as moving averages, and the interpretation of price patterns on charts, such as 'flag' patterns, or 'head and shoulder' patterns. In day trading, technical analysis is all that counts. Day traders are not interested in fundamental analysis, as the timescale on which they operate is too short for this to be meaningful. Technical analysis can also be used in long term trading as well as short-term trading. The best indicator for day trading without any doubt, is the (hence the focus of this site!).