Gyaani Gadha: yes we can give you a GOOD result with technical analysis and get more profit..
It boils down to two or three rules: breakouts and breakdowns on high volume, high volume reversals, follow trends, if you see a technical pattern all the better. Trade in a rising market and watch trend lines (moving averages). and pray too LOL
Banks, major currently in stock market dealers and from time to time, even very large entrepreneur were the principal dealers. no more than they were able to take advantage of the currency market’s unbelievable liquidity and strong trending nature of numerous of the world’s primary currency exchange rates.
If you have good understanding about system
It always help nothing to lose if you try
It is not about technical or fundamental analysis. It is about traders who uses it. There is no straight answer on this question.
Can TA deliver good results? Yes, it can under certain conditions. As an example technical analysis does not work well for long-term trades. Fundamental analysis would be recommended here. On the other hand, if you are an intraday trader and you make several trades per day, technical analysis is the only thing you can relay upon.
Nowadays, the tendency goes to combine elements of fundamental and technical analysis.
There are some things under the technical analysis umbrella that are extremely useful, and some that are effectively useless. The trick is to separate them out, and then to lean how to apply the ones that do work, coupled with proper risk management and money management techniques. Over my 31 years of trading, mostly in the futures and options markets, the ones I have found to be the most effective are price fractal and time cycle analysis. The objective is not to be 100% correct, but rather to take large winning trades and small losing trades, and to consistently make money over time.
Technical analysis is just one piece of the puzzle that can help for short to intermediate term trading even with weak fundamentals. And too many technical indicators may be conflicting instead of complementary. But you also need to keep up on what is happening in that industry, sector, or the general markets and news in general and that particular investment. Nobody is correct 100% of the time, the goal it to be right more often than wrong.
In today's complex market and changing global information landscape, no one piece of information or news or indicator tells the whole story anymore. So technical analysis alone won't do either. There is no such thing as a magic indicator or something that happens which will definitely lead to something. That's not how today's complex market work anymore. You would need a comprehensive top-down analysis approach going from how the overall market is and is expected to behave to the specific industry and then interprete this "indicator" in the context of that overall market and industrial background in order to arrive at a high probability conclusion. Yes, it is not an easy thing to do and why professionals like myself spend so much time in college and still do not get it down 100%.