Technical analysis doesn't work?

[Krish Kalra]

The effectiveness of technical analysis is a subject of debate among traders and investors. While some believe in its ability to predict market movements based on historical price data and chart patterns, others argue that it's unreliable due to its subjective nature and the influence of unpredictable factors on the market. Ultimately, whether technical analysis works for an individual depends on their strategy, risk tolerance, and market conditions.

 

[FXO_trader]

The effectiveness of technical analysis is a subject of debate among traders and investors. While some believe in its ability to predict market movements based on historical price data and chart patterns, others argue that it's unreliable due to its subjective nature and the influence of unpredictable factors on the market. Ultimately, whether technical analysis works for an individual depends on their strategy, risk tolerance, and market conditions.

I don't see why to argue. Traders mainly trade either with automatic robots or manual trading strategies, and even if a trader uses at least one indicator, it is built on technical analysis. Few people trade on fundamental analysis alone; this requires certain skills.