In the context of a professional trade, technical analysis involves looking at a particular trade (or stocks in general) when prices are trading. We use technical analysis to tell us what may have gone wrong in the trading. Technical analysis can help determine “tell tale signs” and to understand and interpret patterns. It is very similar to a computer program.
How do I learn?
Teaching technical analysis is difficult for beginners. The first step is to understand how trading works. This is a very important prerequisite: when you are trading, you must be able to see what is really going on.
There are two major technical trading schools that work primarily with novice traders:
The first is the “long” school. This school offers advanced training. Its students use advanced computer software and have a large amount of experience in doing technical analysis, which is the subject of this course.
The second is “short” school that specializes in working with novice traders. Its students are usually starting out, but still want to become more proficient. Their software, called HFTs, is developed specifically for the purpose of working with novice traders.
The “long” school is focused on technical analysis and has more technical books than the other two schools. It also focuses primarily on the strategy aspect of trading, and not the specific technique of each type of trading that is done.
Students at a long school usually use technical indicators and trading software. For example, they may use indicators based on timeframes such as price action and volume. They also often work on large volume trading. HFTs, on the other hand, are usually focused on specific trading techniques that they implement in each trade.
A “short” school focuses on technical analysis and trading software. Its students learn only a very small amount of trading techniques. If you are reading about the computer programs, “tutorials”, and trading systems of a short school, you are likely to end up with a very limited ability to use the software used in their trade.
Why are technical indicators important?
Because they help you understand which trades are going to work best and may help determine which trading strategy is best for your trading needs. When you watch technical indicators, you are able to understand the price movements and the underlying causes of each price movement, which allows you to select the best investment strategy. Technical indicators may be different from the trading programs used by the “long” and “short” schools. But they still help you to
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