We found 11 online brokers that are appropriate for Trading Technical Analysis.
If you have just started your journey in trading, you will come across multiple strategies and will want to use the most appropriate analysis to bring the best trading results.
I am sure you have come across the term “technical analysis”. Before proceeding, you will want to know the basics of technical analysis first.
Many financial assets are available on world markets for trading. One of the most popular methods is Forex trading that uses currencies as tools. Although theoretically, Forex trading sounds easy. In fact, many people out there are unsuccessful, and cannot gain the money they have dreamt of. Of course, trading is more than just making money. It is all about strategies and analysis that need to be applied to enjoy the glory for a longer time.
One of the most important matters in trading, particularly Forex trading, is technical analysis. Technical analysis refers to predicting the price in the future based on price movements in the past. This way, you should not be surprised if, in the technical analysis, some matters beyond the price movement tend to be ignored, including news and other fundamental data. Indeed, if you have experience, you can combine technical analysis with fundamental data for additional profit.
Trading strategies based on technical analysis involve some steps. Each of the steps is to clarify the price movements. Therefore, the points of the entry and exit level can just be determined. So, if this technique is of interest to you, you can follow the steps below for trading.
Technical analysis is a trading strategy that uses the technique to predict the market direction in the future by cross-checking the chart patterns and formations in the records.
This strategy helps traders and market analysts to retrieve the historical information and helps traders understand where market prices may go. Fundamental analysis will differ from the Technical analysis.
Of course, the first and the main step is understanding the current market condition. After that, you can determine in what timeframe you will trade as well as what chart to use. There are some options for this; they are H1, H4, and Monthly. If a trader decides to trade in the Monthly chart, he does not need to worry about the short-term volatility if the capital is adequate.
On the other hand, for short-term trading, it is important to see the market condition in a bigger timeframe to avoid false decisions in Stop Loss and Take Profit.
Technical analysis can be conducted in different ways. But the most relevant in the trading ecosystem is by exploiting the information offered by historical price charts.
The tools which are relevant to technical analysis are the technical indicators or oscillators. With these tools, one can find out the patterns which they can comprehend to find the momentum for entering or exiting the current market.
Technical analysis is an important aspect to help traders to identify the patterns in the market.
The charts from a technical analysis tool reports the price movement in candlesticks. You could see the forms of the candlesticks by browsing around through your favorite search engines. In this case, the candlesticks focus on the key points demonstrations.
There are some parts that you need to know when it comes to the candlesticks: green, red, bars, wicks, and the patterns.
The colour of the candlesticks signifies the movement. The candlesticks will turn to green if these move up, and red if the price move down. Meanwhile, the bars showcase the status of the price whether it is opening or closing.
Finally, the wicks show the readers whether the prices are in the highest or lowest. When it comes to the patterns, this page itself does not have enough space to explain it all. Make sure you check on other sources to find out the common 16 candlestick patterns.
There are various indicators which you can use on the charts.
In identifying the price points for entering and exiting the trades, you could use the moving averages, Bollinger bands, as well as Fibonacci retracements. However, the seasonal traders will have their own personal opinions and styles. So, this is still flexible.
Just like in any other practice, you might want to test the strategy before applying in the real financial markets.
The best way to do this is to apply the technical analysis towards the previous movements of the price.
The market analysts refer to this test as “back-testing” based on the previous price movements, the traders and market analysts will be able to notice important information so that they can make new positions with informative decisions.
The Dow Theory is the basis of the technical analysis. In a shorter explanation, you will want to focus on certain aspects including the trends types, price movements phases, as well as the news on different categories that can affect the market.
When it comes to the news, it can be from different niches such as political, industrial, social economy, and so on.
Whether you are conducting short-term or long-term trading, it is a good idea to use technical analysis
If you prefer long-term investment, the technical indicators in the technical analysis can help you to figure out the best time to add the shares to your portfolio.
Meanwhile, if you prefer to have short-term investment, the technical analysis can help you to find the opportunities easily.
If you have just started to trade, you will soon realize that timing is an important key to a successful trading activity.
The technical analysis can help you to find out the perfect timing to be aggressive or defensive. It can also help you to maximize the profits and minimize the losses .
Technical analysis is indeed a common thing to use, but there are some takeaways that you should consider.
Firstly, reading through the technical analysis can be subjective from one trader to another. The results could be the same, but how the traders interpret the signal can be completely different.
Also note, that this is not 100% accurate. As you would expect from the market, the large movements can happen.
The market can swing in no time. Many traders fail because their timing is off. Understanding the drawbacks of the technical analysis is very important to maintain the best results.
Based on the current market condition and timeframe that have been chosen, the next thing to do is choosing the best technical analysis tools. Make sure to match them carefully. If the market condition is trading, the RSI will not be used too much.
Meanwhile, in a range situation, Moving Avengers are worthless things to find. There is also a condition when the movement is very volatile. This way, the crossover moving average can be good to detect the trend. Additionally, a trader can form trading strategies gradually from time to time using the most understandable indicators.
In the world of trading, opportunities are also known as the trading signal. It appears from the interactions of some indicators. For example, it comes out from the combination of Moving Averages and Oscillator. The most significant thing is that the signal from the analysis tools must be confirmed with other technical analysis. For example, it is if there are oversold or overbought levels.
So, how do trading signals look? They can be in the form of a channel, a crossover, a divergence or convergence, a breakout, and more. Make sure that the appearance of the signal is optimal as well as it can be utilized completely at this stage.
After understanding the trading signal that comes out along with its meaning, you must determine the actions to take; whether to buy or to sell. You must know also at what level the order will be executed. A trader must also determine the money management technique that will be applied. If it is necessary, make simulations of various scenarios and then compare the credibility.
Predicting the risk and profit potential is also very important to this matter. The wiser thing to do is choosing a scenario with the highest return projection but the lowest risk. After that, execute your trading.
From the explanations above, it is known also that there are some indicators to use in the technical analysis of trading. The indicators are related to the mathematical formula to understand the market condition as well as to help the trader provide selling and buying signals.
Currently, there are literally hundreds and even thousands of indicators that have been made. Sure, every indicator has its own characters and ways to use. Out of so many indicators available, there are at least 3 that are very popular with many users in the world. What are these ?
Undeniably, you cannot talk about trading indicators without mentioning the Moving Average (MA). Yes, every trader must have used this indicator for its simplicity and ease of use. The indicator enables you to calculate the average prices of currencies in a certain period. To use the indicator, you can take a look at the price position compared with the time period or duration.
RSI stands for Relative Strength Index. It is used to calculate the comparison of the increase and decrease in the price. The range is from 0 to 100. With this indicator, it is easier for you to know whether a price has been overbought or oversold. The main principle of using RSI is very easy. If the RSI value is very high above 70, it means that the market has been overbought and there is also a declining potential. This means, it is the appropriate time for selling.
Then again, if the RSI value is low below 30, the market has been oversold. There is an increasing potential and it is the time for buying.
Stochastic is an indicator that shows the last closing price location compared with the highest and the lowest range in a particular period. There are 3 types of Stochastic Oscillators; they are Fast, Slow, and Full. The indicator is also signed with 2 lines; known as %K and %D.
The buying and selling signals are seen from those two lines. If %K is crossing to %D, it means the buying signal appears. On the other hand, when %D crosses the %K, it indicates the selling signal.
We have conducted extensive research and analysis on over multiple data points on Technical Analysis Basics to present you with a comprehensive guide that can help you find the most suitable Technical Analysis Basics. Below we shortlist what we think are the best Technical analysis brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Technical Analysis Basics.
Selecting a reliable and reputable online Technical Analysis trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Technical Analysis more confidently.
Selecting the right online Technical Analysis trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Technical analysis trading, it's essential to compare the different options available to you. Our Technical analysis brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Technical analysis broker that best suits your needs and preferences for Technical analysis. Our Technical analysis broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Technical Analysis Brokers.
Compare Technical analysis brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Technical analysis broker, it's crucial to compare several factors to choose the right one for your Technical analysis needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Technical analysis brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Technical analysis brokers that accept Technical analysis clients.
Broker | Roboforex | eToro | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | Admiral | Trading212 | IB | Forex.com |
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Regulation | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | FCA (Financial Conduct Authority) (609146), ASIC (Australian Securities and Investments Commission) (541122), FSC (Financial Supervision Commission, Bulgaria) (RG-03-0237), CySEC (Cyprus Securities and Exchange Commission) (398/21) | NYSE (New York Stock Exchange), FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation), CIRO (Canadian Investment Regulatory Organization), FCA (Financial Conduct Authority) (208159), CBI (Central Bank of Ireland), ASIC (Australian Securities and Investments Commission) (453554), SEHK (Securities and Futures Commission, Hong Kong), MAS (Monetary Authority of Singapore) (CMS100917) | CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD |
Min Deposit | 10 | 50 | No minimum deposit | No minimum deposit | 100 | 25 | No minimum deposit | 1 | 1 | 10000 | 100 |
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Used By | 730,000+ | 35,000,000+ | 1,000,000+ | 400,000+ | 400,000+ | 250,000+ | 60,000+ | 30,000+ | 3,000,000+ | 3,120,000+ | 454,000+ |
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Platforms | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | Web Trader, Mobile Apps, iOS (App Store), Android (Google Play) | IBKR GlobalTrader, IBKR Desktop, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR ForecastTrader, IMPACT, Mobile Apps, iOS (App Store), Android (Google Play) | Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView |
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Pepperstone Demo |
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easyMarkets Demo |
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Trading 212 Demo |
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Forex.com Demo |
Excluded Countries | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, JP, SG, MY, JM, IR, TR | US, CA | US | BE |
You can compare Technical Analysis Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Technical Analysis Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Technical analysis brokers below.
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