Indonesia Hosts IFTA 2023, This Is The Importance Of Technical Analysis To Invest

Photo: Special

JAKARTA - Dozens of leading technical analysts from outside and within the country gathered in Jakarta to take part in the IFTA (International Federation of Technical Analyst).

Since 1988, every year IFTA (International Federation of Technical Analyst) has strictly chosen the country to host this International conference. Finally, this year, for the first time, Indonesia through AATI (Indonesian Technical Analyst Association) became the host as a tangible manifestation that Indonesia's economy and investment was warmly welcomed and recognized by investors and world economy observers.

In the event which took place 5-7 October 2023 at the Grand Sahid Jaya Hotel Jakarta conference this time carrying the theme Unify The Diversity Towards Alpha more than 90 members from various countries gathered to discuss, share their insights and expertise in dealing with the current rapidly changing financial world situation. Also present was Diaz Hendropriyono, special staff of the president of Indonesia and Mr. Hilmar Firdaus MA, Ph.D as Director General of Culture, welcoming the IFTA delegation in Indonesia.

"Indonesian technical analysts have so far been quite on the track and maybe on average scientifically, we can see that there are 7 speakers from Indonesia at this event. After this event, it is hoped that the economic climate and investment image of the country will continue to be well maintained, so that it can go hand in hand with the increasing ability of analysts as well as Indonesian capital market traders and derivatives internationally," said Indrawijaya Rangkuti, Conference Director of IFTA 2023, who is also one of the Board of Directors of IFTA to the media, quoted Friday, October 13.

The prospect of our economy going forward feels indirect or will be better directly, therefore technical analysis can become an important discipline in determining decisions in economic policy.

Then second, the ability to minimize the level of risk where the excess TA is able to measure the market efficiently and effectively. In the future, technical analysis will definitely become a compulsory discipline in analyzing and making decisions on financial transactions and economic policies

Indrawijaya Rangkuti as the IFTA 2023 Conference Director stated that basic technical analysis was able to detect market trend movements, bullish (up), bearish (down), and sideways (flat), before the market movement took place.

"Then in this Conference event we can see from the speakers presenting how to scale up technical analysis disciplines that are able to carry out Asset Location, look for Alpha, make AI (Artificial Intelligent) work effectively and efficiently. This is very potential for young people or Z genes in the midst of the development of the times and technology that continue to advance," he said.

Stock investment & derivative markets have been quite very popular lately, this has been influenced by various factors, one of which is high profit potential, easy to access. However, high profits are certainly accompanied by high risks. So, an investor or trader, it is very important to have knowledge in carrying out stock analysis & derivative markets to minimize risk & maximize gain (capital gain).

Analysis commonly used by investors and traders is fundamental and technical analysis. In general, fundamental analysis is used to find out about the basics of the economy, balance, profit loss reports, and so on. Technical analysis is related to studying the historical performance of price movements by measuring them for future price movements.

For investors, technical analysis is the right approach to measuring the overall sentiment of the market. This is because technical analysis is the visualization or mathematical approach of the buying and selling actions carried out by market participants as a whole.

"Well, other market players can use these informations to choose decisions and seek profit potential in trading. So, understanding technical analysis is not understanding magic. According to Benjamin Graham's famous remarks, "The market is a voting machine in the short term, but it becomes a weighting machine in the long term," he explained.

Technical analysis is a useful method for checking market sentiment in the long and short term. Thus, this approach will be useful if Sobat Cuan wants to know market conditions in the long, medium and short term.

"The presence of Diaz Hendropriyono yesterday at the International Federation of Technical Analysis (IFTA) 2023 indicates his appreciation that the technical analysis is recognized by the state where Diaz Hendropriyono is the representative of the President," said Indrawijaya.

On the same occasion Diaz Hendropriyono as the President's Expert Staff appreciated that Technical Analysis can maintain one discipline. The Indonesian economy, which is starting to experience a post-COVID-19 rebound, takes the volume level of transactions and investors, especially retailers, to increase when there is no certainty, people use Technical Analysis so that it has a positive impact where other countries have a minus economy, Indonesia can grow 5 percent alone.

At this event, Mr. Hilmar Farid MA, Ph.D also gave a presentation on Indonesia's "diversity" diversity as well as the spice route. Where in this session, he explained that Indonesia has various ethnicities, languages, cultures. And has also started trading commodities (spices) from 1,600 an.

Big names like John Bollinger., CFA., CMT., inventor of the famous technical analysis indicator Bollinger Band,manfaat Guppy, discoverer of the Guppy Multiple Moving Averages or Guppy MMA, Julius De Kempenaer discoverer of Relative Rotation Growth (RRG), Giovanni Trombetta (Quant Analytics), Wieland Arlt, CFTe., President of the International Federation of Technical Analysts (IFTA) became a speaker at this conference.

In the future, IFTA hopes that Technical Analyst will become one of the disciplines of science to take economic policies and transaction decisions in Indonesia but also from various other countries. The science of technical analysis in the world continues to develop and is still being used both by retail and institutional traders.