What are the advantages of using Technical Analysis?
1. When used correctly, it gives reasonably accurate entry and exit levels. 2. It tells you when to take profit or cut loss, thus maximising gains and minimising losses. 3. It is able to detect changes in market demand/supply and sentiment. These are factors which greatly influence short term movements. 4. It gives an objective view of the market. 5. It instils discipline in our trading and prevents us from making emotional decisions.
