#TradingAnalysis101 Keep in mind the fact that no technical indicator is perfect. None of them gives signals that are 100% accurate all the time.
The smartest traders are always watching for warning signs that signals from their chosen indicators may be misleading. Technical analysis, done well, can certainly improve your profitability as a trader. However, what may do more to improve your fortunes in trading is spending more time and effort thinking about how best to handle things if the market turns against you, rather than just fantasizing about how you’re going to spend your millions.