KEY TAKEAWAYS Technical analysis, or using charts to identify trading signals and price patterns, may seem overwhelming or esoteric at first. Beginners should first understand why technical analysis works as a window into market psychology to identify opportunities to profit. Focus on a particular trading approach and develop a disciplined strategy that you can follow without letting emotions or second-guessing get in the way. Find a broker that can help you execute your plan affordably while also providing a trading platform with the right suite of tools you'll need.