Technical analysis involves studying the market activity of a given security or index—namely, its historical prices and volume. Unlike fundamental analysts, pure technicians are not concerned with “fair value.” The tools of technical analysis are charts and technical indicators, which help to identify patterns that suggest future price movements.
Today there are dozens of programs on the market devoted to technical analysis and charting. Given all the choices you have, it is vital that you identify the type(s) of analysis you wish to perform as well as the securities and markets you wish to track and then purchase an appropriate program. It is also a good idea to familiarize yourself with the features and functionalities of a variety of packages to find the one that suits your needs.
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