Module 1 – Technical Analysis

Module 1 Technical Analysis and the Dow Theory Introduction Welcome to the maiden module of this comprehensive course in technical abridgment. By the time you graduate, you will be able to analyze either markets, and should be able to trade successfully in solely financial products. Technical analysis is the underlying tool use by all successful traders to help them fill in where and how to trade. In this module we discuss just what makes up technical analysis and what its capabilities be, together with an outline of why it works, and why mastery of it is the detect to successful trading in a multitude of markets. In this course I will often refer to stocks and shares when talk about technical analysis of trading. This is just so I do not need to keep repeating futures, options, financial instruments and other names. The basics of technical analysis apply crossways all markets, and in later modules we will get to each differences, such as which tools work best in polar circumstances. The nuts and bolts that you learn here are what you need no matter of which way you indispensability to take your trading career in the future. Market Action There are a number of basic concepts which must be grasped in order to build upon them.

wholeness of these is the idea of market action, which represents all that we whitethorn know about the performance of a trading market, such as the stock market. Market action reflects the two basic facts that are available from observation of most markets, namely how much and how umpteen. How much is the price at which a trade happens, and how many a(prenominal) is the quantity of shares or contracts which were bought and sold at that price, otherwise know as the volume. If you trade the Forex market, which happens around the world with no underlying marketplace or counting house, the movement of the price may be all you know on which to base your trades. It doesnt seem like much information when you think of it in those terms just two numbers. But when you consider that there... If you want to get a full essay, order it on our website: Orderessay

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