In market, are most important factors, and you must have ability to analyze them and to identify them to make profit out of it. and trend Technical analysis study will definitely going to help with that.
trends on charts
When you learn technical analysis efficiently then you can see . If you are new comer in market then first learns about price charts. There are various charting techniques but most common are candlestick, bar and line chart. Most professional use candlestick technique to understand prices better and to analyze price patterns. Bar charting style is the same but it is old school technique and quite few professional traders uses it. Line charts are simple charting style and you might have seen many times your TV screens on business channels.
Technical trading job
In technical trading, your job is to identify trend, go with them and pull some money from the market. In down trending chart, wait for reversal signal to buy. Buying at key reversal point is best entry and makes efficient profit for traders and also gives leverage of risk. It looks easy while speaking but not so easy in practical trading life. It requires lot of past experience. That why most amateurs fails or get losses while professional make money out of them. That why fresher’s must start with paper trading or with investing.
Technical trading summary
Chart is working area for . Over the years many technical analyst and traders made numerous charting styles and indicators based on price and volumes which is graphical representation of market mathematics. In old days, chartist tend to draw prices of individual stocks on graph papers and then have to analyze them. This was bit time consuming and tedious job but now with the help of technology, this can be done in minutes. So to start a technical trading journey, traders must have a personal computer or laptop with internet connection and a good charting platform or software with this combine knowledge of .