The financial markets are a complex system so there is more than one way to achieve a given result. Nowadays a trading strategy can rely on from a simple combination of indicators to an advanced neural network to forecast price moves. Multiple technical indicators, intra-market analysis, machine learning, and artificial intelligence are just a few examples of the tools and methods in their arsenal.
Today everyone interested in technical analysis has a huge variety of powerful tools to their disposal. While it is considered by many a simplified approach to trading on the financial markets, based on identifying trends and looking for patterns on charts, it has evolved to something much more than that.īack in the days technical analysts relied on simple things such as drawing trendlines or following a simple Moving Average crossover strategy. Technical analysis is one of the most popular techniques, used in trading systems design.
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