What are the pro / cons of technical analysis?

[Padmanabha]

Analysis is required to find the risk and reward and execute the trading as Business(risk< reward).Pros of Technical Analysis

1) Data required are easily available and reliable.

2) Easily understood with some basic knowledge.

3) It gives a idea of entry and exit price.

Cons

1) It cannot effectively be used for the long term investment

2) It requires years of experience to exactly determine the right movement of the market.

[Divya E R]

Pros

1) Advantage of the technical analysis is its flexibility and adaptability
2) Charts can be used to analyze data for intervals ranging from hours to a century.
3) The technical analysis operates with a much smaller set of information compared with the fundamental analysis.
Cons

1) The technical analysis is based on the probability of an event happening and not on the certainty that it will happen
2 Some modern techniques of technical analysis are based on mathematical and statistical concepts
3) For the success of the technical analysis, the accuracy of the information is vital.
4) limits to extrapolate the future from the past

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