Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and takes into account the price of instruments and the volume of trading, and creates charts from that data to use as the primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously. Regardless of the method or strategy that you follow to trade, only technical analysis will give you entry points, exit points and help with market swings to set stop losses. Technical analysis can be simple or as complex as you like. There are many easy to understand technical indicators that can be combined into a great trading system. With the grown in bitcoin and altcoin trading many traders are looking for new ways to properly analyze these assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.