Technical analysis introduction
that will help traders to make their is a price prediction methodtrading as well as investing decisions. Technical analysis not only associated with reading charts, analyzing indicators and testing price patterns but also managing risk and making profit out of it. If you are want to be a professional traders then use as a project to build calculated risk and better trading practices. At the end it not about reading chart, getting right price pattern or indicators but it is all about making money. Both part are way different but they cannot functions one without others.
In technical analysis, traders look and analyze what prices are doing. Price patterns are nothing but outcome of crowd psychology. Technical analysis is all about observing prices, calculating risk and . In practical trading, timing is everything. Good timing means good entry and good exit which makes profit. Trading is nothing but profession of timing, analysis and experience. Right amount of these make a successful traders.
Technical analysis wisdom
Now a days, most of the traders uses technical analysis one way other and that also help to increase it probability success. As major crowd find same price pattern bullish it will drive prices upside with great momentum. If you want to become technical trader then must think independently, always take responsibility of you trading actions and act fast on observation not on wisdom. Secrets to is to cut losing traders early and sit on profit making trade till targets. Most news comers or amateur traders do exact opposite of this and end at a situation they never wanted to be. is fun and rewarding. Market do not know who you are or what you do, it reward smart traders while wipe out others. If you don’t want to be other then start using technical analysis as you weapon toolbox and have prosper trading future.