Technical Analysis - TECHNICAL vs FUNDAMENTAL ANALYSIS
Professional Day Trader Mentorship Program • 24m
Technical analysis forms the foundation of day trading, by providing a framework for predicting future price movements through the statistical analysis of the past. While it’s not the Holy Grail, technical analysis can improve the odds of success when trading.
Fundamental analysis values a security with trying to measure its intrinsic value by examining related economic & financial REAL DATA factors.
Technical Analysis is the use of statistics to predict where asset prices are likely to be over the coming minutes, days, months, or years.
Day Traders use technical analysis to improve the likelihood of success for their trades by taking bets that are better than 50-50. The idea is that making money more than 50% of the time will yield long-term profits, everything else being equal. When combined with proper money management techniques that lead to bigger wins and smaller losses, these dynamics can help generate a significant edge in the market.
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