The biggest advantage is we do not need to learn and do all the complicated financial calculation. All we need to do is to open the price chart overlay indicators below or above the price time chart. Study the trend behavior of the past, understand the recent trend directional movement and INSTEAD of predicting the future price level, one should sit back and ask if the existing is holding momentum, increasing or decreasing. Are such opinion reconfirmed with the indicators formation.
We are looking at arbitrarily opinion. We should have a systematic logic methods to ensure we have a sound and reliable system.
While the complex financial calculation does not necessarily translate into profit and accuracy, at least it has a systemic approach.
Too often charts has been used wrongly and abuse as a projection fortune telling tool.
The next few articles will touch on stocks, margin leveraging and FUTURES (forex, commodities and index)
To me, learning about charts analysis is a journey that I have enjoyed despite it is self-taught.
Regrets? NO
I will always have a peek at chart first before I do anything
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