Joomla! site syndication http://www.futuresteaching.com Sun, 05 Sep 2010 02:14:09 +0100 FeedCreator 1.7.2 http://www.futuresteaching.com/images/M_images/joomla_rss.png http://www.futuresteaching.com Joomla! site syndication http://www.futuresteaching.com/content/view/1/ Technical analysts confine their prognostication of future price trends solely on the analysis of price activity. The price of a futures contract, they contend, reflects the impact of every single bit of fundamental information known by anyone who can even remotely affect the price of the commodity. Every fact that is known about supply, demand, and, most importantly, the psychology of the public ends up on the price charts. Therefore, price action is the composite opinion of everyone involved in the markets. That is why learning to analyze price action is so important to anyone trading stocks, futures, or options. The function of technical analysis is to determine through the analysis of price change the probable strength of demand compared with the pressure of supply on a futures contract at various price levels and then to predict the direction, length, and velocity of the next move. Guides - Articles Sun, 28 Jan 2007 00:26:48 +0100