Andrew Elder > Quotes

“Technical analysis is more concerned with the price movements of a stock or an index by examining historical records of trading activity. A technical analyst looks at past data to predict future price movements. They believe that history tends to repeat itself in the stock market and that past performance is the best indicator of what will happen in the future.”
― Andrew Elder, Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required

“fundamental analysts turn to earnings reports and other data released by companies that provide some indication of how well or poorly they are performing. The fundamental analyst looks at how the company is doing as a whole and tries to get an overall grasp of how the market reacts to these reports.”
― Andrew Elder, Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required

“Technical analysis is concerned with things that a company does not directly control.”
― Andrew Elder, Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required

“fundamental analysts focus their attention on company finances and economic data about industries for which the stocks trade (also known as industries). They are concerned with factors like corporate earnings reports, profit margins, unemployment rates, and gross domestic product (GDP) growth rates. They examine these economic factors to determine how they will affect the demand and supply of a particular stock.”
― Andrew Elder, Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required