Understanding Technical Analysis

As I have mentioned on other pages of this website, understanding Technical Analysis can be the foundation and building block of a trading strategy.

There are many types of Technical Indicators you may want to learn about. When it comes down to deciding which ones to use, you'll have to test various methods and see which work best for you as an individual, the type of trading you'll be doing and that fit your personality.

From the simplest indicators such as price action or volume, to using MACD, RSI, Bollinger Bands, ADX or any one or combination of others, learning about several different methods may be the way to go.

This will allow you to have a broader range of trading "tools" at your dispose. Ultimately, this will allow you to "tweak" your trading strategy to fit you.

At the bottom of this page you'll find a few books that have been highly recommended by others traders over the years. I have always found it best to review what others have said about the books, which you can do once you follow each link to the book detail page itself.

Many times you'll be able to get a view of some of the actual pages as well. The more you can see or read about upfront, the better in my view.

To help get started, you can also check out some of the many pages I have on my website that are related to understanding technical analysis as well as various free eBooks and video lessons I have listed below. I've included links to some of the other pages on this site at the bottom of this page.

1) Here's a link for a free 50 page eBook on Technical Analysis: Ultimate Technical Analysis Handbook

2) And here's a free 15 page report on using Bar Chart Patterns for Trade Setups: Using Bar Patterns To Spot Trade Setups

3) Three Free Elliott Wave Video Lessons: Elliott Wave Video Lessons

Related "Technical Analysis" Pages on This Site:

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Elliott Wave Videos

Learn to trade in the direction of the forecasted trend with this free video course. Click here to start watching: Free Elliott Wave Video Lessons

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