An Initial Step to Technical Analysis for Prop Traders
My readers will see that I have a Certificate of Recognition duly issued by the leading propfirm as reported by CBS News on the Top USA Prop Firm 2025.
https://www.cbsnews.com/news/best-prop-firms-for-us-traders-in-2025/
Technical analysis is centered on understanding market supply and demand dynamics. Prices increase when investors perceive the market as undervalued, prompting buying activity, and decline when they believe it is overvalued, leading to selling pressure. Since market prices often incorporate investor sentiment, expectations, or emotional reactions, they do not always accurately reflect intrinsic value.
Industry insiders generally have deeper insights into their businesses than external observers. Their judgments tend to be quicker and more precise, and their investment activities are reflected in price fluctuations and trading volumes. By analyzing these trends, one may detect patterns left by experienced market participants.
Significant price changes have a powerful psychological effect on investors, shaping decisions regardless of market conditions. Market behavior frequently follows historical patterns—reinforcing the notion that history tends to repeat itself.
Technical analysis focuses on price movements and trading volume in an effort to anticipate future trends. While it provides insights into optimal entry and exit points, it does not evaluate whether an asset is fundamentally sound for investment.
See the results of an actual real live trading account of mine :