One of the oldest recorded methods
Technical analysis of the stock markets is the empirical study by analysts who have been in the profession since decades and have shed light on the subject. This is the study of psychology of stock traders and investors which influence their decisions which are often irrational leading them to commit to trades which often result in losses.
Often the volatility in the stock market leads to a psychosis leading to irrational decisions. Technical analysis gives the trader/investor the mental strength and confidence that counts the most while withstanding a losing trade. His confidence on his analysis and the ability to not get misguided by random noise can save him from terrible losses.
Random noise is the voice of the majority of general public that always speaks of what is obvious and therefore already factored into the price of the stock. As the forthcoming news is already discounted into the price of the stock the further scope for the appreciation of the stock price is very limited.
Patrick Abboud
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