This section will allow you to learn several Technical Indicators that will help you perform a Technical Analysis. The use of Technical Indicators will unlock some of the trading secrets and ultimately give you the upper hand when trading. Performing Technical Analysis can be complex and time-consuming at times. Similarly, you will learn how to combine both Fundamental analysis and Technical analysis for a much more accurate prediction.
What is Technical Analysis?
Technical Analysis makes uses past and present data in your charts, trying to predict future movement by using Technical Indicators. Also, it will give you the ability to read entry and exit points before placing the actual trade. Moving forward, some of the most used Technical Indicators are Moving Average, Relative Strength Index, Fibonacci, and many others. Every article in this section is designed to give you a comprehensive explanation of how and when to use indicators. Also, beginners will learn how to make use of Fundamental Analysis to confirm or dismiss a potential position. Every Technical Indicator can be used in trading however they are not perfect. To have a better reading of your chart always combine two or more indicators for a trend change confirmation.
Technical Analysis and Fundamental Analysis
Well, some of you might be heard the expression "Trading is 30% Fundamental, 30% Technical and 40% traders psychology". The expression is correct but it doesn't apply to every individual. Everyone is different and unique and our decisions have a direct impact on everything we do on daily basis. Also, remember that Technical Analysis reads data and cannot read Fundamental Events. Make sure to always check first your economic calendar for major news announcements before applying you Technical Analysis. Take into consideration all the impacting factors in regards to trading. Always make sure to differentiate the type of trading you wish to pursue and not everything can be taught effectively. The majority of the charts we will use for articles comes from investing.com.
