TECHNICAL ANALYST Meaning and
Definition
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A technical analyst is an expert in the field of technical analysis, which is a financial analysis method used to forecast the future price movements of stocks, commodities, currencies, and other financial instruments primarily by examining historical market data. Technical analysts utilize various tools and techniques, such as charts, graphs, and mathematical calculations, to identify patterns, trends, and indicators that can help predict the direction of price movements in the markets.
These professionals often have a deep understanding of market psychology and believe that historical price data and trading volume can provide valuable insights into future market behavior. They focus on quantitative analysis, rather than considering fundamental factors like company financials or economic news, to make investment decisions.
Technical analysts employ a wide range of technical indicators, oscillators, moving averages, and other mathematical tools to generate buy or sell signals. By interpreting these signals, they aim to determine optimal entry and exit points for trading or investing in financial markets.
The main goal of a technical analyst is to identify patterns and trends that can provide actionable trading opportunities. They aim to anticipate price movements based on historical price patterns and market psychology. While technical analysis is often criticized for its subjectivity and reliance on historic data, many traders and investors find value in its ability to identify potential market trends and inform investment decisions.
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Etymology of TECHNICAL ANALYST
The word "technical analyst" is composed of two components: "technical" and "analyst".
- "Technical" is derived from the Greek word "technikos", which pertains to art, skill, or craft. It later evolved into Latin as "technicus" and then entered Middle French as "technique", eventually making its way into English. "Technical" generally refers to something related to a particular skill, specialized knowledge, or practical application.
- "Analyst" comes from the Greek word "analusis", which means "dissolution" or "loosening". It entered English through the Latin word "analysis" and refers to the process of examining and evaluating information or data, often to make predictions, form conclusions, or gain insight.
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