The Pitfalls of Technical Analysis and is it Scientifically Sound? 🔍

Is technical analysis for stocks scientifically sound? http://www.financial-spread-betting.com/Indicators-work.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE!
Does technical analysis really work? Is technical analysis science or voodoo?

The pitfalls of technical analysis and is it scientifically sound? What are the disadvantages of using technical analysis to trade? If past performances are no guarantee for returns in stocks, then why should we use technical analysis? I like charts but I also like to look at them in the context of where they are. In this video I explain why I think technical analysis is no good in certain conditions but very much useful in others and why people are missing the whole point with it. I don't believe you can just have a chart pattern and plug it in into some backtesting software and enjoy success. All technical analysis does is take a little bit of history and use it as a potential predictor of what can happen in the future but its just a piece of the puzzle.

Do Charts & Technical Analysis Really Work? How well does technical analysis work? You need to know some other variables:
- Catalyst - Catalysts are what is causing the market to move
- Market Environment - the conditions of the market; where are we with the economy, what's the newsflow, what's the macro situation, is the economy coming off a recession, are we in a bull market..etc
- Trader Environment - how are traders perceiving things at the moment/
- Participants in the market
Technical analysis relies on the assumption that we all behave the same and that's not the case; we often behave irrationally. It is how people view things...

Related Videos on 'Do Charts & Technical Analysis Really Work?'
The Pitfalls of Technical Analysis and is it Scientifically Sound? 🔍
https://www.youtube.com/watch?v=uLtrtdJN4fg
Is Trading From Charts & Technical Analysis A Big Scam? Do Indicators Work? 🙄
https://www.youtube.com/watch?v=6KGoxSfpAtw
Is Technical Analysis Just BullShit / Nonsense? 🙄
https://www.youtube.com/watch?v=D0_-AL7ZH1U

Видео The Pitfalls of Technical Analysis and is it Scientifically Sound? 🔍 канала UKspreadbetting