Losses are an integral part of trading, and those who spend most of their thought processes trying to figure out how to trade with the fewest losses, don’t “get it”. Learn to handle the one thing you are in complete control of: How much risk you take and the size of losses you take. Then the only thing you will be left with will be profits.
With Technical Analysis we try to find trading opportunities using statistical data based on price action. Technical Analysis starts at the highest level, that of a whole market. Let’s dive into the wonderful world of Technical Analysis.
Most traders use candlestick charts these days. Mostly because of the load of information they convey.
Each candlestick includes an open, high, low and close price for that particular timeframe.
Learn the most used candlestick patterns. They are used by the majority of traders in a wide range of trading systems. All these patterns have a self-fulfilling nature, as traders see them and anticipate on it.
And that is a positive thing.
Divergences are “leading signals”, and as such show us an early warning!
It occurs when price and an indicator move in opposite directions.
And is actually one of my favorite signals.
Elliott Wave Theory is an analysis method based on the premise that markets consist of recurring wave patterns, that are fractal in nature. It states that these cycles are based upon crowd psychology of traders and investors.
In this last lesson of this free course I will give you the introductory lesson of the Pro Course all for FREE.
This gives you a good idea what you can expect in this course.