Technical Skills

Loading the player...

What are 'Technical Skills'

Technical skills are the knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as well as other specific tasks. Those with technical skills are often referred to as "technicians" in their chosen field, i.e. audio technicians, electronics technicians, engineering technicians, etc. Microsoft Corporation even offers accreditation as a Microsoft Certified Desktop Support Technician (MCDST).

2. Technical skills could also refer to the ability of a certain type of stock trader which uses technical analysis to buy and sell stocks. Technical analysis uses charts and trends to look at historical prices. Technical skills in this context would be a slang phrase meaning the person was skilled at technical analysis.

BREAKING DOWN 'Technical Skills'

Given the growth of technology, it is hardly surprising that the need for technical skills continues to grow. According to numerous surveys, jobs in network systems, data communications and other hi-tech fields will be among those showing the greatest growth in years to come.

RELATED TERMS
  1. Technical Analyst

    A technical analyst, or technician, is a securities researcher ...
  2. Technical Job Skills

    Technical job skills refer to the talent and expertise a person ...
  3. Soft Skills

    The character traits and interpersonal skills that characterize ...
  4. Hard Skills

    Specific, teachable abilities that can be defined and measured. ...
  5. Market Technicians Association ...

    A nonprofit organization that promotes the study of technical ...
  6. Chartered Market Technician - CMT

    A professional designation given by the Market Technicians Association ...
Related Articles
  1. Investing

    What are Technical Skills?

    Technical skills are specialized knowledge and abilities used to perform a specific task. Technical skills are often associated with jobs in the high-tech industry, such as computer programming, ...
  2. Markets

    Most Valuable Career Skills in 2016

    Evaluating the mixture of technical skills and traditional "soft skills" that render career applicants competitive in the 2016 job market.
  3. Professionals

    MBA Skills: What Employers Are Really Looking For

    To make sure that you have what recruiters want, take a look at Bloomberg's annual job skills survey.
  4. Professionals

    Top 7 Non-Financial Skills Required In Finance

    Top-notch math skills and financial knowledge are important to a financial professional. But they’re only the tip of the iceberg.
  5. Markets

    Employability, The Labor Force And The Economy

    Individuals do not have absolute control of their employability since employability is also affected by market and economic conditions.
  6. Trading

    Get Technical With A CMT Certification

    Develop the skills you need to trade on your own or to become a technical analyst.
  7. Trading

    The Top 5 Skills An Investment Banker Needs

    What are the top skills investment bankers need to have? Are i-bankers born or made?
  8. Markets

    Fundamentals And Technicals: Together At Last

    It's a big mistake for a fundamental investor to ignore technical analysis. Find out how to become chart smart.
  9. Professionals

    Sell Your Skills, Not Your Degree

    Many job skills transfer between industries. Here’s how you can use skills you already have to start a new career.
  10. Trading

    Basics Of Technical Analysis

    Learn how chartists analyze the price movements of the market. We'll introduce you to the most important concepts in this approach.
RELATED FAQS
  1. How do interpersonal skills influence a business culture?

    Interpersonal skills are vital to business culture because they determine not only how a person interacts with others, but ... Read Answer >>
  2. How have technical skills shifted over the past century in the workforce?

    Learn how technological and economic changes have shaped the American workforce during the past century and how hiring began ... Read Answer >>
  3. What skills do I need to become a Portfolio Analyst?

    Learn what a portfolio analyst does and some examples of skills and knowledge one must possess to become a successful portfolio ... Read Answer >>
  4. What role do interpersonal skills play in the hiring process?

    Presenting interpersonal communication skills to a prospective employer is often times more valuable than extensive experience ... Read Answer >>
  5. What are some causes of structural unemployment?

    Find out more about structural unemployment, what it is and examples of causes that can lead to structural unemployment in ... Read Answer >>
  6. What types of data are necessary to make a technical analysis?

    Understand what technical analysis is, the basic theory behind employing it and what data inputs are needed to conduct it. Read Answer >>
Hot Definitions
  1. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center