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Pros- Technical analysis is proven to yield desired results in long run.
It is a logical analysis hence there is no gambling in this.
Cons- There needs to be a long sample size to achieve the desired results. We cannot make money with minimum attempts.
Fundamental analysis is much more solid than this, but those data are not available for the large.
Pros : Technical analysis focuses on price movement the charts provide a clear picture of market action.
Patterns are easily identifiable on a chart. Technical analysts can use patterns to guide their buy and sell decisions.
Cons :
Technical analysis does not take into account the underlying fundamentals of a company which for longer timeframes may be a risk that needs to be considered.
PROs
Patterns are easily identifiable on a chart. patterns can be used to guide whether to buy or sell.
Technical analysis focuses on price movement the charts provide a clear picture of market action.
This information can be quickly gained from just looking at a chart.
Access to charts that can either be free or relatively inexpensive. Technical analysis also frees up an analysts time.
Cons
Technical analysis does not take into account the underlying fundamentals of a company which for longer time frames may be a risk that needs to be considered.
Too many indicators to the chart – price action being overlooked and too many differing signals indicators which could result in ‘analysis paralysis’.
Pros-
1- Less time and money is involved than fundamental analysis.
2- No need to have all data about company. Only from charts, etc it can be done.
Cons-
1- 5% traders only succeed.
2- Value of the company is not assessed.
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