In the first part of a five-part series on technical analysis best practices is presented. Technical analysis, at its core, is all about price, studying changes in price to forecast future changes, or a lack thereof. In addition to price, the analysis of other market statistics generally falls under the umbrella of technical analysis. These statistics include volume, open interest and volatility. Of course, technical analysis has its detractors. One popular criticism is that because so many traders follow popular technical signals, the indicators are priced into the market before any regular trader could exploit them. In general, technicians should maintain an open mind. All traders should also take some time to assess their natural predilections.