Technical Analysis (Charts)Is Stupid
This investing technique (Charts)will lose you money
" Stupid is as stupid does."
-- Forrest Gump
Financially speaking, I define stupid as anything that loses me money. On that basis, I find technical analysis quite stupid indeed. In case you're unfamiliar, investors generally break down into two main camps: fundamental analysts and technical analysts. Fundamental analysts invest based on factors such as the quality of a company's management, growth prospects, return on equity, price-to-earnings ratio, and macroeconomic factors. In contrast, technical analysts invest based on a company's stock price movement and volume. Based on the evidence, I'm convinced that buying stocks using technical analysis will lose you money.To keep oneself informed on the downside of using charts for stock investing,while seeing who are the major stock investors that do not use them and why they don't. For full details on this. Click here Technical Analysis Is Stupid