How can I learn technical analysis?

Question

Charles · Accepted Answer

The best way to learn technical analysis is to gain a solid understanding of the core principles and then apply that knowledge via backtesting or paper trading. With today's technology, many brokers and websites offer electronic platforms that offer simulated transactions that look like live markets.Indicators are used by technical traders when looking for opportunities in the market. Although many indicators exist, traders often make use of volume and priced-based indicators. These assist in determining where the levels of support and resistance are, and how often they are maintained or breached as well as ascertaining the length of a trend.A trader can view the price or any other indicator using multiple time frame analyses, ranging from one second to a month which gives the trader a different perspective of the price action.The more popular indicators for technical analysis include:Moving AveragesRelative strength index (RSI)Moving average convergence divergence (MACD)

Anthony · Answer

The best way to learn technical analysis is to gain a solid understanding of the core principles and then apply that knowledge via back testing or paper trading. Thanks to the technology available today, many brokers and websites offer electronic platforms that offer simulated trading that resemble live markets.

Joel · Answer

In order to understand technical analysis, one must first understand that it utilizes statistics generated by market activity, such as past prices and volume, to value securities. Since the fundamental assumption is that price movements are often charted and forecasted or that history repeats itself, it should only be based on market fluctuations.The second step is to determine the timeframe. It is impossible to predict stock movement for longer periods of time with technical analysis, unlike fundamental analysis.The third step is to look for a trend and moving averages. There are three types of trends: uptrends, where individual highs and lows are higher than previous highs and lows; downtrends, where individual highs and lows are lower than previous highs and lows; and horizontal trends, where individual highs and lows do not differ significantly from previous highs and lows.In the fourth step, look for 'the volume' of trade, 'support', and 'resistance' to determine an investment decision.

How can I learn technical analysis?

6 Answer

6 Answer

How can I learn technical analysis?

6 Answer

6 Answer

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