The impact of using technical analysis in making financial investment decisions - New York Stock Exchange case study

Abstract

The Financial markets have very important role in countries economy because of its large and obvious impact in applying fiscal policies of Countries , and booming the economic activity through funding the institutions and companies, and as sources of money investments , thus it's became involves with very large numbers of dealers, investors , speculators and others , that led to be in fast and dynamic movements therefore it's became difficult to predict about investments results in future for that the dealers in the financial market try to adopt special and deferent methods to identifying financial market behavior and it's variables in order to deal with it in practically and scientifically which have complicated implications and that led to use analyses methods and forecasting models, for that this study came to focus on technical analyses method and it's indicators as famous method used among dealers in financial markets , to view it's indicators and it's use impact on investor decision by measuring it's relation with market indexes prices in New York stock exchange ( NYSE ) through selected Technical analyses indicators , the study results was show that there is big roll for technical analyses among other methods and forecasting models and ( MACD) indictor was the best one among tested from the selected indicators.