Is Stock Market Technical Analysis Useful Or A Hoax?

Investing in the stock market is incredibly hard to do, or at least hard to do correctly! Make even one simple mistake and you can see years and years of hard work and careful savings disappear quicker than the blink of an eye! Because of this, it’s not hard to understand why so many investors, both professional investors as well as amateur individual investors like you and me try to find methods of trading to stack the deck in our favor. We all wish we had a magic crystal ball or special tea leaves that would tell us the future. But those tools were the tools of the dark ages. Today we live in the computer age where our tea leaves come from technology and things like charts and stock market technical analysis. But does technical analysis really work? That’s exactly what I’m going to discuss in this article today. First off, what is technical analysis? To define it simply, it is the use of past historical charts of a stocks performance in order to predict how that same stock will act ...  more