History of Technical Analysis

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The principles of Technical Analysis are derived from hundreds of years ago when people started studying commodity prices.

In Europe:
Amsterdam-based merchant Joseph de la Vega used some aspects of Technical Analysis in Dutch financial markets in the 17th century.

In Asia:
Homma Munehisa developed a method of studying the price of rice during the early 18th century, which evolved into the use of Candlestick techniques.

Modern Technical Analysis is based on the collected writings of Dow Jones co-founder and editor Charles Henry Dow. He developed a theory, later called Dow Theory, which expresses his ideas on price actions in the stock market. Charles Dow is considered as the father of the modern Technical Analysis.

Charles Henry Dow - The Father of Modern Technical Analysis

Other pioneers of Technical Analysis include Ralph Nelson Elliott, William Delbert Gann and Richard Wyckoff who developed their respective techniques in the early 20th century.

More technical tools and theories have been developed and enhanced in recent decades, with an increasing emphasis on the use of computer software.


Hopefully this article useful.

written by
Desmond Wira
http://www.bigwinforex.com