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What is Technical Analysis?

There are various methods used to analyze securities and make investment decisions. There are two very broad categories - fundamental analysis which involves analyzing the characteristics of a company in order to estimate its value and technical analysis which lays more importance on the price movements in the market and doesn't care much about the value of a company or a commodity.

Technical analysis studies supply and demand in a market and attempts to determine future direction, or trend. It is an attempt at understanding the emotions in the market by studying the market itself.

In technical analysis, charts similar to the charts that used in business settings are generally used. The chart is a graphical representation of a series of prices over a set time frame. Two types of charts are used for technical analysis – bar chart and candlestick chart.

 

 

Move on to Step 3 - Module 2 > Trading Basics: Reading Price Charts

 

  

____Step_1____
Welcome
Binding Agreement
____Step_2____
Your Trading Business
□ Trading Styles
□ Objectives
□ Business Resources
□ Business Assets & Liabilities
____Step_3____
Market Basics
□ Stocks
□ Forex
□ Futures
□ Options
□ CFDs
Trading Basics
□ Reading Price Charts
□ Types of Markets
□ Types of Trading
□ Placing Orders
____Step_4____
Charting Basics
□ Pivot Points
□ Trend Points
□ Isolation Points
□ Real Bars
□ Summary & Test
□ Answers
Trading System Builder Tool Kit
□ Trading Rules
□ -1 Trend
□ _Moving Averages
□ _MACD
□ _Trend Lines & Channels
□ -2 Trigger
□ _Moving Averages
□ _MACD
□ _Stochastic
□ _RSI
□ _Bollinger Bands
□ _Fibonacci
□ _Support & Resistance
□ _Trend Lines
□ _Divergence
□ _Volume
□ _Price Bar Patterns
□ _Breakouts
□ _Which Triggers To Use
□ -3 Trade
□ -4 Terminate
□ _Initial Stop Loss
□ _Exit Strategy
□ -Filters
____Step_5____
Risk Management
Back Testing & Evaluation
Running The Business
Additional Tools & Resources
Resources