When it comes to technical analysis tools, the trading industry has a lot to offer. Most indicators can be used to analyze the performance of all assets and on all timeframes. Trader often turn to them in order to make more informed and professional decisions. Indicators are so numerous that in order to navigate them, they have to be divided by their type. All technical analysis indicators fall into one of the following categories: momentum, trend, volatility, moving averages, volume and other. Thanks to the clean and intuitive interface, they are also easy to set up and use, even by novice traders.
There are a lot of myths surrounding technical analysis. Some people believe that everything technical is actually a hoax, others tend to believe that it is the ultimate answer to all questions a trader can ever have. In reality, technical analysis is another tool a trader can use in order to step up his trading game and get a competitive edge against the market, nothing more, nothing less.