A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.