New Tools for Technical Analysis
Technical Analysis seems to be more of an art than a science. Everyone seems to have their favorite indicators. However, there is one small problem with they way that people choose them. They choose them based on what seems to work, without really analyzing how well they work.
You can still make money using technical analysis. The trick is that the analysis is not really important. Other factors such as trading consistency and money management are far more important. But that is the subject of another post.
The subject of this post is how technical analysis is changing, and becoming more effective. Since everything in life is getting better, why shouldn’t technical analysis? Technological innovation has revolutionized our lives in the last 10 years, and we believe it will revolutionize how people trade as well.
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
