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Tutorial essay: Banking and International Finance Essay 2 (spring term) In describing his trading experience throughout the book, Rothchild mentions financial terms that can be unfamiliar to the reader. He has, however, written a glossary defining these terms, which appear to be different from formal definitions in many ways and for various reasons. Rothchild describes a technical analyst as 'a person who thinks market action itself can predict future course of markets; deluded individual'. The formal definition is 'Technical analysts try to forecast price movements by examining and charting the patterns formed by price history, trading volume, the ratio of advancing stocks to declining stocks, and other technical data'. Rothchilds definition is far less detailed as it doesn't include the elements technical analysts consider in their analysis, maybe because he himself only had a brief understanding of their roles. Also, he is critical of technical analysts by calling them 'deluded', implying...

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