Technical Analysis for Beginners: A Practical Guide for Charting

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Description

In order to reduce printing costs and the selling price, Technical Analysis for Beginners A Practical Guide for Charting, brings together two previously published books:

  • Technical Analysis for Beginners Part One Stop Blindly Following Stock Picks of Wall Streets Gurus and Learn Technical Analysis
  • Technical Analysis for Beginners Part Two Riding the Stock Market Cycle

Each book is presented in its entirety. Many improvements have been added to previous versions:

  • More than 170 full-color illustrations to facilitate the learning of the visual trader
  • Improvements for the buy and sell signals on charts
  • A glossary of technical analysis terms
  • An alphabetical index

Part One: Stop Blindly Following Stock Picks of Wall Streets Gurus and Learn Technical Analysis

This book has been written to help the new traders who trust blindly in those close to them, their colleagues or financial gurus, and want to understand chart patterns before investing in stocks. Easy to understand, the book addresses the people who want to use tools allowing detection of buy-and-sell signals. Inside, youll find examples, tables, charts, and comments of popular stocks. Most of the charts show entry points, exit points, and even false signals. After you read this guide, youll know:

  • How to use charts to enter and exit the market at the right time
  • How to enrich charts with indicators
  • How to spot the markets trend
  • How to use the four families of indicators
  • How to highlight the trend, the support, the resistance and the trend channel as well as the positive and negative divergences
  • Learn about the bullish and the bearish patterns and candlesticks patterns
  • How to avoid many traps in the financial markets
  • Look at trading psychology and the markets emotional cycle

Part Two: Riding the Stock Market Cycle

This book focuses on the four stages that make up the stock market cycle. Being able to detect, before the crowd, the appropriate time to enter an upward stage is the key for any investor. Each stage can be recognized using technical indicators. The use of technical indicators remains fairly simple. In this book, the technical indicators are grouped into two categories:

  • Leading indicators that launch buying and selling signals
  • Lagging indicators that detect reversals

The combination of indicators, volume, lines, and patterns with the stages of the stock market cycle leads to better control of trading. Understanding each stage is a great way to anticipate the reaction of the markets. The concept of stages raises some issues. Is my stock in a consolidation period? Are the indicators about to launch an imminent breakout signal? Is the initiated sell signal confirmed by other indicators?

Intelligent Investors are using Tools and Trading Psychology

The use of a screening platform allows you to find the rare gems. Sample forms or search filters are available in this book. These filters can be adapted to any screening platform. The logic in creating search filters remains the same, no matter the screening service provider. Its difficult to leave your emotions aside when your portfolio has lost 10 percent in just one day. Dont put yourself in vulnerable situations. Keep your emotions balanced by investing at the appropriate moment.

Technical Analysis for Beginners A Practical Guide for Charting will give a great boost to your trading performance by learning technical analysis. This guide helps make a better decision and increase your chances of greater profits. Dont let the money to the sharks of Wall Street.