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The beginner’s guide to technical analysis.
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Grade 1 Support and Resistance Levels
To start your education on technical analysis, let’s begin with the basics: support and resistance!
- What is Support and Resistance?
Let’s start with the most basic concept of price action analysis and how to start plotting them.
- Trend Lines
The most basic–but powerful–charting tool in the tool box.
- Trend Channels
Now that you understand trendlines, let’s take it a step further into channels to see opportunities in trends.
- How to Trade Support and Resistance
Time to learn how to trade the lines using two simple ideas: the Bounce and the Break!
- Psychological Levels
Learn about these “invisible lines” that can act as support or resistance levels because so many traders are watching them.
- Summary: Trading Support and Resistance
A quick recap on support and resistance zones, and how to spot potential trading opportunities with them.
- What is Support and Resistance?
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Grade 2 Japanese Candlesticks
Thank you, Mr. Steve Nison, for “discovering” the art of candlesticks!
- What is a Japanese Candlestick?
See why reading Japanese candlestick charts is a popular component of technical analysis.
- Japanese Candlestick Anatomy
Just like humans, candlesticks have different body sizes. As forex traders, it’s important to take note of what type of body a candlestick takes!
- Basic Japanese Candlestick Patterns
What do spinning tops, marubozus, and dojis have in common? They’re all the basic types of candlesticks!
- Single Candlestick Patterns
What the heck is the difference between a hammer and a hanging man? Time to start learning about your basic candlestick patterns!
- Dual Candlestick Patterns
They say that trouble comes in twos. Read on to find out how dual candlestick patterns may not necessarily spell double trouble for your account.
- Triple Candlestick Patterns
In the forex market, three’s not always a crowd. Not when you’re talking about morning stars, black crows, and three inside up patterns, that is.
- Japanese Candlestick Cheat Sheet
Think you’re ready to spot basic candlestick patterns with blindfolds on? If not, don’t worry! Here’s a candlestick pattern cheat sheet just for you.
- Candlesticks with Support and Resistance
Learn how to trade candlesticks with support and resistance levels.
- Common Mistakes That New Traders Make With Japanese Candlesticks
Here are five mistakes that new traders often make when using Japanese candlesticks.
- Summary: Japanese Candlesticks
Here’s a rundown of what you need to remember about Japanese candlestick patterns.
- What is a Japanese Candlestick?
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Grade 5 Popular Chart Indicators
Trading is like building a house–you gotta have the right tool for the job at hand. So let’s put more tools in our tool box!
- How to Use Bollinger Bands
What better way to start building up your trading toolbox than by reading up on Bollinger Bands!
- How to Use BBTrend
Learn how to use BBTrend, an advanced Bollinger Bands indicator created by John Bollinger, to identify market trends.
- How to Use Keltner Channels
The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility. Learn how the Keltner Channel is used to give overbought and oversold readings and signal possible price breakouts.
- How to Use the MACD Indicator
The MACD is used to identify moving averages that indicate a new trend. With a MACD, it’s all about three numbers.
- How to Use Parabolic SAR
In trading trending markets, it is equally important to identify when the trend ends. The parabolic SAR might be just what you need!
- How to Use the Stochastic Indicator
Learn how traders use the Stochastic indicator that help determine where a trend might be ending.
- How to Use RSI (Relative Strength Index)
If you find that Stochastic isn’t your cup of tea, then you might want to take a look at the good ol’ RSI.
- How to Use Williams %R (Williams Percent Range)
The Williams %R, or simply “%R”, is a momentum indicator that moves between 0 and -100, providing insight into the weakness or strength of a currency pair. %R is an overbought and oversold technical indicator that may offer potential buy and sell signals.
- How to Use ADX (Average Directional Index)
ADX is typically used to identify whether the market is ranging or starting a new trend. Here’s how traders usually read ADX signals:
- Ichimoku Kinko Hyo
No, “Ichimoku Kinko Hyo” ain’t Japanese for “May the pips be with you,” but it can help you grab those pips nonetheless.
- Trading with Multiple Chart Indicators
Now that you know how some of the most common chart indicators work, you’re ready to get down and dirty with some examples.
- What is the Best Technical Indicator in Forex?
Now on to the good stuff: Just how profitable is each indicator on its own?
- Summary: Popular Chart Indicators
Here’s a recap of the latest trading tools that you’ve learned that will make your momma proud!
- How to Use Bollinger Bands