History of Technical Analysis:

History Of Technical Analysts
The Technical Analysis premises were derived from observation of financial markets over a long period of time say hundreds of years. Perhaps the oldest branch of Technical Analysis is the use of candlestick techniques by Japanese traders at least as early as the 18th century, and are yet still very popular today.
Another theory based resting on the collected writings of Dow Jones, the co-founder and editor Charles Dow, inspired the use and progress of Technical Analysis from the end of the 19th century. Modern research considers Dow theory its foundation stone.

For Technical Analysis the technical tools and theories have been developed and enhanced in recent decades, with a raising emphasis on computer-assisted techniques.
Common Beliefs Regarding Technical Analysis

The Technical Analysis is not at all concerned with why a price is moving but rather whether it is moving in a particular direction or in a particular chart pattern. For example, poor earnings, difficult business environment, poor management, or other fundamentals.
The analysts of Technical Analysis believe that profits can be made by the concept of "Trend following." What is tried to pronounce here is that if a particular stock price is steadily rising, that is, trending upward then a technical analyst will look for opportunities to buy this stock.

Until the technical analyst is convinced this up trend has reversed or ended, all else equal, he will maintain to own this security.
Additionally, technical analysts during the Technical Analysis look for various price patterns to form on a price chart and will take positions in anticipation of the expected move following that pattern. The tools of the analysts are believed to assist the technician in determining when trends have formed, ended, and so on till particular patterns are unfolding.

Technical Analysis can be at odds with fundamental analysis. Fundamental analysis maintains that the markets can miswrite a security and, through various methods of fundamental analysis, the "correct" price can be calculated too.
Profits can be made by trading the mispriced security and then waiting for the market to distinguish its "mistake" and reprice the security. In contrast, a technical analyst during the process of Technical Analysis is not interested in a security's "correct" price, but is only in the price movement.

While Technical Analysis is done there are two well-known sayings among technical analysts that are, "The trend is your friend," and "Forget the fundamentals and follow the money." An example of the different views of technical and fundamental analysis follows.
Suppose a stock was trading at 124.25 pence, and that the accord fundamental analysis view of the stock was that it was worth 120.00 pence. If the share price rose to 125.00 pence, then to 126.00 pence, and then to 127.00 pence, a technical analyst during his Technical Analysis would likely be a buyer of this stock in order to profit from the perceived trend.
In contrast, a fundamental analyst would possibly look to sell the stock as it is moving away from what the fundamental analyst believes is the "correct" price

[ForexGen Scalping Enabled Account]

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals.

Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.