More than 100 indicators
When it comes to technical analysis tools, the trading industry has a lot to offer. Most metrics can be used to analyze the performance of all assets and across all time frames. Traders often turn to them to make more informed and professional decisions on whether to open a deal during their trading session.
There are so many indicators in the market that they have to be divided according to their primary functions, otherwise, it is quite easy to get lost. All technical analysis indicators fall into one of the following categories: momentum, trend, volatility, moving averages, volume, and others. Thanks to the clean and intuitive interface, they are also easy to set up and use, even for novice traders.
There are many myths surrounding technical analysis, so it is comprehensible that not everyone understands it correctly. Some people believe that anything technical is actually a scam, others tend to believe it is the ultimate answer to every question a trader might have. In the end, technical analysis, together with trading charts
and trading strategies
, are simply one more tool that every trader can benefit from. Using it correctly means getting a competitive advantage against the market.