It is the world of data. The right data always helps in perfect decision-making. For data to be analyzed, technical tools play an important role. If the technical tools are not proper then their data analysis will not be reliable.
FinExchnge Has provided some excellent technical analysis tools. With these tools and technologies, you can ensure that you are having a first-hand picture of the perfect data.
Now you might be wondering bout how are these tools helpful?
In this article, we’ll delve into how technical analysis helps every trader.
Next, we will find out some of the tools available for the traders on this platform.
Understanding the importance of technical analysis
The importance of technical analysts cannot be compromised. Fundamental analysis is only good for long-term investments but the short-term volatility of the market has to be incorporated as well.
This short-term volatility can be captured by reliable technical tools and indicators.
Now let us find out how these technical tools are helpful.
1. Understanding the market sentiments:
The candlestick chart always helps to understand where the market is heading with the help of different patterns and indicators. Using the indicators, we can take up momentum stocks or swing trades based on this.
2. Going deeper than the data:
The data provided on the balance sheet is only for the long-term perspective, but the day-to-day activities are captured using these technical indicators. With the right technical analysis, you can ensure that you are going deeper into data and understanding the macroeconomic factors beforehand.
3. Helps you in the prediction of the future movements:
Predicting the future stock movements can be quite hectic. Though it is not 100% accurate an accuracy rate of above 80% is very respectable. Technical tools help you to leverage the data and predict future price movements.
4. Entry and exit points of your trade:
Entry and exit points are very crucial. If you are not certain about them, you might end up hitting the stop loss quite often. Technical analysis gives you an edge and lets you win with higher margins.
Technical Tools Available at FinExchnge
1. Exchange ticker:
Keep track of your investments with this tool. It helps you to know only about the movements of the different exchanges globally. There are different timeframes available as well so you can do a comparative study.
2. Technical analysis:
This plays a major role when it comes to the stock market. Without technical analysis, we cannot purchase any stock. You can do a complete technical analysis using FinExchnge.
3. Market quotes:
Understand the movement in the market based on the delivery open and closed. An in-depth analysis helps you to make the right position.
4. Swaps:
Get a complete collection of the swaps available for different account types. You have access to both swap along and swap short.
Making the right rate can be quite difficult, yet with the right platform you can be sure that you are in the perfect direction. Not only does it provide a guide, but it also acts as a mentor for you. This platform is the right one for you at any stage of the trading you are in. Sign up right now to enjoy some cool benefits.
