Technical Analysis Course - Approach

The speculator need not be a statistician to trade in commodities successfully. In fact, more than one statistician has failed miserably in these markets when he attempted to apply his favorite model. The most expensive model in the world will not improve the actual, correct interpretation of the market. No system is that finite. The best systems always involve the writing down of the reasons why that system is applied, at a given time. The written statement must answer the statement ” Do U want to buy or sell this commodity”, reducing U’re reasoning to a simple statement or two, encompassing maybe the fundamental, technical and outside opinions, containing the outside opinion last in waying them least. Essentially however, market fundamentals underpin trend direction, while charts, volume waves, wiggle-waggles portray the market activity.
 

There are two categories of analysis.

1 ) academic research – whether the markets are non – random or random etc.

2 ) practical market analysis

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