Free trading - Change - Suggestion
- Thread starter Claire.a
- Start date
- Watchers 11
The best way to learn trading chart patterns is to read Thomas Bulkowski's Encyclopedia of Chart Patterns.
Exactly! Do not pay any money for courses since there are loads of free and good ones!
I read Technical Analysis of the Financial Markets Murphy and honestly, it was really helpful. Also you can use free courses here and on youtube.
So avoid scammers and develop your skills by your own.
To start using strategies in your trading, you can learn technical analysis, develop a trading plan, use indicators, backtest your strategy, and consider automated trading. Remember to find a strategy that suits your trading style, risk tolerance, and goals and to continuously evaluate and adjust your approach as needed.
Hey there! It's great that you've been able to trade successfully without indicators or other tools, but adding some strategies to your trading approach can help you become even more profitable and consistent.
First, you'll want to start by educating yourself about different trading strategies and finding one that resonates with you. There are plenty of resources available online, including books, courses, and YouTube videos. Some popular strategies include price action trading, trend following, and swing trading.
Once you have a strategy in mind, start testing it out on a demo account. This will help you get a feel for how the strategy works and whether it's a good fit for your trading style. Make sure to track your results and adjust the strategy as needed.
Finally, make sure to stick to your strategy and avoid the temptation to make impulsive trades or deviate from your plan. Remember, consistency is key to successful trading.
Good luck with your new approach, and happy trading!
First, you'll want to start by educating yourself about different trading strategies and finding one that resonates with you. There are plenty of resources available online, including books, courses, and YouTube videos. Some popular strategies include price action trading, trend following, and swing trading.
Once you have a strategy in mind, start testing it out on a demo account. This will help you get a feel for how the strategy works and whether it's a good fit for your trading style. Make sure to track your results and adjust the strategy as needed.
Finally, make sure to stick to your strategy and avoid the temptation to make impulsive trades or deviate from your plan. Remember, consistency is key to successful trading.
Good luck with your new approach, and happy trading!
I don't like books. What other things do you suggest?
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Thank you. Can you tell me some youtube channels for this?
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Thank you so much. Can you give me resources for things you said?
I feel the same way. Learning how to read charts would be helpful.
I would suggest you start exploring basic technical indicators like Moving Averages and RSI to understand market trends better. Combining them with your current skills can definitely enhance your strategy.
Learn key market characteristics - trend, momentum, volatility, sentiment, etc. Conduct thorough research on indicators designed to detect these traits early on, and begin implementing them gradually while experimenting with their parameters. This approach essentially embodies the essence of indicator-based trading.
Investopedia Academy offers courses on technical analysis that cover trading indicators extensively.
https://academy.investopedia.com/products/technical-analysis
TradingView is a great tool for market analysis and applying trading indicators directly to charts.
You can check out "Technical Analysis of the Financial Markets" by John J. Murphy, "Trading for a Living" by Dr. Alexander Elder, the Investopedia website for valuable resources to learn about key trading indicators.
