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Tag Archives for technical analysis

Stock Trading - The Next Steps

If you want to do well when you are trading stocks then you need to make sure that you are putting the effort in. I don’t matter how often you hear put say they achieve without working, the only real way to achieve is through working hard.

Is there anything you can do differently? Your stock picking abilities will improve by just implementing a few tweaks. You can learn from books, a stock trading newsletter, courses or even a mentor. Or even by working it out for yourself.

I will look towards reading first of all… I love reading books on stock trading. I have many on my bookshelf and I would recommend that you do the same. Please be warned that if you start buying lots of books then make sure you have time to put what you learn into action.

You then may want to join a stock trading newsletter. These tend to focus on specific areas or ‘niches’ but really go into depth about the companies that they recommend. You will be able to learn an awful lot from the contributors to the newsletters. They are also great to see how previous recommendations have performed in the past.

If it were me and I reached this point I would want to learn more. A lot of people will get to this point and think they know enough. I would want to learn about technical analysis. This could be achieve through reading book or attending a technical analysis course. A technical analysis course would be my preferred option.

Finding a mentor to teach you is definately the best way to improve your stock trading. Although the best way not many people do it? Why is that? It is more about finding a willing mentor. Why not contact the stock trading newsletter and see if you could do some work for them in return for learning some skills?

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Written on 03 September 2010 by editor under Get out of debt with No Comments
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Technical Analysis Course Guide

With the recent financial crisis and the volatile stock market, more people want to learn how technical analysis can help in their trading. There are a lot of courses available for that subject and I would like to give you a list of things to look out for on a technical analysis course.

When searching for a technical analysis course you need to consider two things. Number one is content and number two is the method of delivery. There is a well know saying, “a little bit of knowledge is dangerous” and this is true with this subject. It is therefore important that you know what you need to learn.

If you are a beginner then you need to start at the very beginning. I would class the following as essential reading for the beginner. You want to have a thorough understanding how and why technical analysis is successful. You also need to understand how charts are constructed and the different types of charts there are.

The basics of a technical analysis course are essential but then you should move onto reading the charts. To be able to do this first you need to understand what the patterns mean. It is at this point where you find out how continuation and reversal patterns work.

A technique that you really want to learn about is trending. This is a very popular and can be a very profitable system. You should learn how moving averages play a part in this technique.

Any technical analysis course should include information about the oscillators and the importance of volume as an indicator. I don’t find them very useful on their own but combined with other elements of the chart they can be quite powerful.

In terms of the delivery of a technical analysis course, you do have so many options. It should be you that will know how you like to learn. When considering this please not that your budget will also influence the method delivery. There is nothing like learning from a trader in person but if you can’t afford it then perhaps you should start with books or a DVD.

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Written on 11 August 2010 by editor under Get out of debt with No Comments
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Video Report: The Elliott Wave Patterns Are Indicating Something Significant

Elliott Wave Global Market Service - Short Term Report 20th April 2010

Charting the recent market movements indicate that a major top might be forming now.

A highly bullsih atmosphere prevails nows as is indicated by the trade-futures.com daily sentiment index.com which currently sits at 92% on their daily sentiment index, there are some very long term bearish daily MACD divergences that have continued to develop over the entire rally off the March lows of 2009 that are still yet to resolve.

There certainly seems to be a number of factors converging here that are indicative of a major top being imminent. Not the least of which is a clear elliott wave pattern that is either complete or close to in our view.

Today we have added our latest subscriber video short term update to this article for the readers to view at their convenience.

If you would like to receive daily video reports covering the short term elliott wave and technical analysis of the major US markets, Gold Trust, Oil Holders and USD Bullish please visit our service at www.eliottwavegms.com.    We also cover all major global markets, currencies and commodities in our monthly forecast report as well cover our portfolio stocks by way of weekly video update.

If our analysis is indeed correct, once we top here there should be a signifcant decline almost universally across the board from stocks to commodities to most currencies that run counter to the US dollar, which is looking good to us at ths time.

In today’s report we also take a closer look at the gold trust (GLD),  the oil service holders (OIH) and finish with a quick wrap up of the action in the $VIX.

For more information and detailed reports please visit our service at www.elliottwavegms.com.  We offer a fully inclusive service at only $29 per month and combined with our risk-free no hassle 60 day money back guarantee makes the service great value.

 

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Written on 30 July 2010 by editor under Get out of debt with No Comments
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Technical Analysis For Stock Traders

Technical analysis of the stock market, or any other market such as Forex, Bonds, Futures, is how most traders and investors make their trading decisions. This is as opposed to fundamental analysis which most people more agree is pretty much done as a way of making trading decisions, unless of course you are Warren Buffet!.

You only have to think back to recent stock market scams like Enron to know that it is almost impossible for the average, and even very sophisticated fund manager or hedge fund trader to really know what the real financial state of a company is.

Just by reading the balance sheet and other quaterly reports they release gives you a very poor insight into the real health of the company. Whereas the technical analysis charts of the company tend to give the real picture of what the market thinks of the value of the company. In the case of Enron even simple technical analysis told you to SELL when the stock was in the $80-90 range, this is why technical analysis of stocks is so popular.

So what are the secrets to technical analysis?, I’m about to tell you, here are my golden rules:

* Only use 3-5 simple technical analysis indicators

* Make sure that you understand how the indicators that you have selected work, what the parameter settings are and in what market conditions they are effective

* After selecting your indicators and parameter settings don’t mess with them.

The real secret to technical analysis is to become VERY familiar with your choosen indicators, and really this can only be done by watching and studying the market, so that you get to the point that you TRUST them.

The fact is that in any market, for each bar, there are only 5 pieces of information, the open, close, high, low and volume, yet there are now hundreds of indicators. Most of these indicators are displaying the same information and so are redundant.

For the record my set of indicators are:

* 4 Simple Moving Averages

* Bollinger Bands

* MACD

* Stochastics

But the way I use them is quite special, to learn more about how to become an expert at technical analysis visit:

Top Dog Trading Review

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Written on 06 May 2010 by editor under Get out of debt with No Comments
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