The Society was originally a group of people who used a Technical Analysis software package called Metastock. This is still commonly used at our meetings although members use alternative software packages which are also discussed. In 1997 we formed ourselves into an Incorporated Society with the following objectives.
"To establish personal contacts between technical analysts inside and outside New Zealand with a view to promoting the theory and practice of technical analysis. To provide meetings and encourage the interchange of ideas and information for the purpose of adding to the knowledge of members. To encourage the highest standards of professional ethics and competence among members." (A full copy of the Constitution is available to all members on request).
What is Technical Analysis?
Technical Analysis is the study of historical price and volume movements and is based on the premise that such examination of past movements will assist in determining the probable future price trend.It ignores fundamentals on the basis that those details will already be reflected in the price.Technical Analysis can be applied equally well to share prices, commodity prices and other financial instruments.
What you need:
A fairly standard multimedia computer is required and if you are a member of the Society, we are able to offer suggestions on the specifications to ensure an that your computer is appropriate. One really important part is the Monitor and it is almost standard equipment to have a 17” or better screen with the best resolution available.
A Software Program
There are a number of Charting packages available. Members of the Society will give new members information freely and cheerfully on what they use.
Both New Zealand and overseas data can be purchased locally and the Internet opens up the International Bourses for economical information capture.
Internet Trading Facilities
Apart from the traditional methods of dealing with share brokers, it is now possible to to buy and sell securities over the internet via a licensed share broker in many countries around the world. Again, our members will happily explain how they transact their sales and purchases.