In graphical methods, a conventional or transformed market image (different types of price and / or volume chart ) is used for analysis. Usually, these methods are based on any repetitive patterns (patterns) of price behavior. Most of them appeared before the rest of the groups, practically does not require the use of complex trading software and is fairly easy to use. Graphic methods usually include classical market models, trend lines, support and resistance, channels, Japanese candles, crosses, zeros, etc.
Methods using filtering or mathematical approximation of price series appeared long ago but actively began to develop only a couple of decades ago, which was due to the massive emergence of personal computers.
Methods using methods of probability theory and mathematical statistics to determine the strength of the trend, the probability of correction, etc., for example, the market profile.
Methods that use as a basis the assertion that the price movement has a clear unchanged structure that allows one to predict its further behavior. These methods include Elliott waves, fractals, etc.
There is also a wide variety of methods that can not be considered a single group. Quite often there are trading systems that trade on the basis of data on the electromagnetic field of the earth, solar activity, lunar cycles. There are companies that supply this data in real time.
According to estimates, technical analysis is the most popular class of methods. To some extent, it is used by about 50% of traders.
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