Why should I use Technical Analysis instead of Fundamental Analysis?
If you want to be able to make a decision based on Fundamental Analysis, you have to have all the facts at the same time as everyone else. In modern society, the amount of information is such that it's impossible to have all the facts at the same time as everyone else. Missing out information could be crucial, a bit like having a mathematical formula were some of the information is missing. It would not give the right answers. Technical Analysis are based on three things, price, volume and open interest. These items are available to everyone at the same time and thus makes it easier to compete. One other reason for using Technical Analysis is that when nobody can know all the information all the time, the market has all the information all the time. This information is included in the price, volume and open interest.
