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What is the scope of technical analyst in gulf?

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تاريخ النشر: 2013/10/25
Idrees Zafar
من قبل 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
من قبل 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
من قبل 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.

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