Online Investors Turn to Technical Analysis
Technology has not only allowed investors to trade online, but has provided them with the tools needed to analyze stocks like the pros.
Online Investors Turn to Technical Analysis
Technology has not only allowed investors to trade online, but has provided them with the tools needed to analyze stocks like the pros.
In fact, technical analysis has become more popular than ever over the last several years. Traders evaluate past price movements to help forecast a security's future price.
Fundamental analysis, the alternative method of stock evaluation, relies on a stock's intrinsic value and requires a broader understanding of industry conditions and how companies are managed.
But how do investors look at the data, and what exactly are the advantages of technical analysis?
RushTrade, like many other brokers, provides candlestick charting as a technical analysis tool for their traders. Candlestick charts have been used for hundreds of years and are derived from a japanese version used to analyze the price of rice contracts.
Like a bar chart, the d
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