Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the scope of technical analyst in gulf?

user-image
Question added by Deleted user
Date Posted: 2013/10/25
Idrees Zafar
by Idrees Zafar , Senior Financial Analyst , Bayt.com

The volume of shares traded is quite low when compared to developed markets. Also there is certain level of ambiguity in the market.

 

So if you could make money given the above conditions, then there is scope.

 

Mohammad Al-Shayeb
by Mohammad Al-Shayeb , Finance Manager , Syriatel

Technical analyst looks at the price movement of a security and uses this data to predict its future price movements. He is responsible for all technical analysis and charting commentary for clients/journalists; for technical analysis and charting education for clients.

Muhammad Afaq
by Muhammad Afaq , SENIOR FINANCIAL ACCOUNTANT , United Eddy Company (United Yousef M. Naghi Group)

Technical analyst use price and volume as input and represent their decision on a graph. Technical analysis can be used in the following areas:

equities

bonds, 

commodities futures

and currency futures.

As in gulf equity market are in operation, therefore it has a good scope for technical analyst. Further, as many companies are engaged in imports business, therefore there is always a need to good technical analyst.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.