Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and considers the price of instruments and the volume of trading and creates charts from that data to use as the primary tool.
One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously. Regardless of the method or strategy that you follow to trade, only technical analysis will give you entry points, exit points and help with market swings to set stop losses. Technical analysis can be simple or as complex as you like. There are many easy to understand technical indicators that can be combined into a great trading system.
There are five categories in CFD technical analysis theory:
- Indicators (oscillators, e.g.: Relative Strength Index (RSI)
- Number theory (Fibonacci numbers, Gann numbers)
- Waves (Elliott wave theory)
- Gaps (high-low, open-closing)
- Trends (following moving average).
In this class, we will learn which indicators fit each category and how to combine them properly to make solid trading decisions
Chart patterns including:
· Triangles- Ascending & Descending
· Rectangles and Channels
· Head and Shoulder
· Gaps
· Double tops and bottoms
· Triple tops and bottoms
Barry Norman The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.