1. Required Background
As much as it would be good to jump right into learning technical analysis, it is still a good idea to understand some broad concepts.
The Past
“Those who cannot remember the past are condemned to repeat it.”George Santayana
Historical Data
When investment professionals as a group make their decisions, they often analyze such fundamental information as economics, politics, and demographics. They look back to the past to forecast what may happen in the future. This does not mean that they are consulting a magic oracle but rather, they are employing technical analysis of the markets. This discipline relies on generous amounts of historical price data that is both accurate and readily available to ...
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