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History of technical analysis in the US began quite sometime later, in the late 19th/early 20th century. The most credited work has come from the collected writings of Dow Jones co-founder and editor Charles Dow, who was also the pioneer of the Dow Theory.
Although the practice of technical analysis in some forms likely dates back many centuries, Charles Dow (1851-1902) was the first to reintroduce and comment on it in recent times. He is considered the father of modern technical analysis.
Yes, Technical Analysis works, and it can give you an edge in the markets. However, Technical Analysis alone is not enough to become a profitable trader. A trading strategy with an edge. Proper risk management.
Technical analysis as we know it today was first introduced by Charles Dow and the Dow Theory in the late 1800s.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Technical analysis is applicable to stocks, indices, commodities, futures or any tradable instrument where the price is influenced by the forces of supply and demand.
Technical analysis can provide very accurate price predictions. Many novices expect recommendations from technical analysts or software patterns to be 100 percent accurate.
Now, technical analysis is an applied science. We apply social scientific study and analysis of financial markets, through charts and price action, to trading for the practical purpose of making money. They only think is, like all other social sciences, it is very imprecise, subjective and open to interpretation.
Different practitioners use different methods, although a trend-trading approach is common. Moving averages, technical indicators that measure if a stock is overbought or oversold, trading volumes, chart patterns, measures of market sentiment these and other tools are used by the technical community.

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