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Help with technical analysis for beginners


Guest oilfxpro

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Guest oilfxpro

Looking for help with technical analysis?

 

Stockcharts ,youtube and google are very good friends and educators.

 

Just key in on  google search engines for technical analysis videos and articles , by keying in any words from the stock charts site. 

 

http://stockcharts.com/school/doku.php?id=chart_school:overview:technical_analysis

 

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:john_murphy_s_ten_laws_of_technical_trading

 

https://priceactionvolmanjames16.wordpress.com/youtube-free-trading-course-2/

 

 

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TRADING IS 95 % PSYCHOLOGICAL.jpg

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Guest oilfxpro

It is very important to keep technical trading very simple, a trader has to survive psychological demons during trading.If trading is not simple ,the trader will mess up and lose.

 

https://profitabletraders.wordpress.com/k-i-s-s-keep-trading-simple-stupid/

 

Trading should include simple fundamentals, support,resistance,trend lines, channels, a little bit of price action and very little technical analysis.

 

keep it very simple

 

https://profitabletraders.wordpress.com/k-i-s-s-keep-trading-simple-stupid/

 

ftse price action 2.jpg

 

simplicity.jpg

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All traders who want to learn about technical analysis should:

 

1) read up on technical analysis from ig: https://www.ig.com/uk/learn-to-trade/what-is-technical-analysis

 

2) then watch youtube videos and read articles from Google as above plus more

 

3) then look at charts looking for these patterns and consolidate theoretical knowledge

 

4th and most important: engage with ig community by posting charts you are looking at. Ask questions when others post or comment on a chart pattern so you can understand what to look for.

 

Then trade starting with small positions. And post trades so others can help.

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Guest oilfxpro

This is good article on technical analysis at I G .

 

https://www.ig.com/uk/ig-academy/the-basics-of-technical-analysis/introduction-to-technical-analysis

 

Here is an example of a practical advanced trading system.

 

https://mrchartist.wordpress.com/mr-charts-mr-charts-forex-education/

 

Just use and words from both and google for more information and youtube videos.

 

If new traders want to use an indicator, I would only say Stochastic 28/6/10 on 1 hour charts.

 

https://community.ig.com/t5/General-Trading-Strategy/Technical-indicators-are-lagging/m-p/18612#M991

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