Technical Analysis is the use of charts, such as those found on the Vantage FX MetaTrader 4 (MT4) platform, to study historical price movement to determine the possible future direction of price. The idea behind technical analysis is that everything you need to know, has been reflected in price. That means that if everything you need to know is in price, then price action is the only thing you need to know or understand to trade.
Studying price off charts is very subjective but for the most part, trading off technical analysis is a self-fulfilling prophecy if you will. Humans look for patterns and past signals to try to predict the future. And because everyone starts to look at the same patterns and behaviour, price reacts!
Vantage FX allows traders to trade directly off the charts using the most popular online forex trading terminal in the world, MT4. Traders using the Vantage FX MT4 platform are gaining an edge on global forex markets with substantial improvements in execution speed and a transparent price feed across all asset classes.
