It's so true.
New Paper Says That Chart-Obsessed Technical Analysis Traders Are Fantastic At Losing Money
There are two schools of financial market analysis: 1) fundamental analysis, which is concerned economics, financial statements, earnings, and anything else that you would assume would justify a value in a real-world sense and 2) technical analysis, which attempts to forecast prices by studying past price movements. Fundamental and technical analysis aren't totally mutually exclusive. But the folks who focus on the latter are more easy to identify as they dedicate a larger amount of their time pining over charts. Fundamental analysts tend to spend more time bashing technical analysts than vice versa. So, they were ... (full story)