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"An art to predict the future price of any trading instrument, based on historical behavior of prices."
The study of price history of any traded instrument, by using the different statistical/technical indicators is known as technical study.
Technical analysis is a method of predicting price movements and future market trends by studying what has occurred in the past using charts. Technical analysis is concerned with what has actually happened in the market, rather than what should happen, and takes into account the price of instruments and the volume of trading, and creates charts from that data as a primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously.
Technical analysis theory is based on three premises:
We at MTG Financials, always try to provide high level of services to our customers. Our analytical team always connected with the customers, guide about market trend and investors behaviors. We make a strategic decision to trade long or short using trend-following indicators on long-term charts. We make tactical decisions to enter or exit using oscillators on shorter-term charts. Each screen utilizes a different timeframe and set of indicators. These screens filter out many trades that seem attractive at first. TIME FRAME CONVERGENCE promotes a careful and cautious approach to trading.