Technical analysis is one of the most extensively researched fields in financial markets.
There are many different opinions on how reliable it is, but whatever the case, technical analysis is still heavily used by investors.
A chart is nothing more than a picture or diagram of a stock's trading activity over some time. The purpose of a graph is to show how prices move in the past and how they are expected to move in the future. Knowing what happened in the past allows us to predict what will happen next with that security. By observing these past price patterns, we can guess how the deposit will rise or fall in the future. It's crucial to realize that looking at charts doesn't mean you'll be able to predict future moves; it only offers you a better understanding of where your target market is likely to go shortly.
This book covers:
- What Is Charting and Technical Analysis
- Let's Talk Trends
- Basic Concept of Trend
- Recognizing Breakout
- The Four Types of Indicators You Need to Know
- Continuation Patterns
- Reversal Patterns
- 16 Candlestick Patterns that Every Trader Should Know
- Avoid the Traps
- Trading Psychology
Technical analysis is a technique for studying price changes in stocks or commodities to predict future movements or follow trends. It involves using the past performance of security to predict its future performance. In other words, it consists in analyzing stock prices and trading volumes to make predictions about the price of a security at some point in the future. Technical analysts often use charts that show specific historical data relating to stock prices, such as volume and price trends. By observing these past patterns, they may be able to forecast what will happen next with a particular stock or the entire market.
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