Why will you choose this course?

This particular course is purely designed for those who wishes to deep drive into the stock market technical analysis. Its specially focused on the in depth analysis of candle stick chart pattern & how to be successful using technical analysis in a proper way.

Technical Analysis is the heart of stock market. A trader novice or professional, techinal knowledge is a must for them. Many investors analyze stocks based on their fundamentals—such as their revenue,
valuation, or industry trends—but fundamental factors arent always reflected in the market price. Technical analysis seeks to predict price movements by examining historical data, mainly price and volume.

It helps traders and investors navigate the gap between intrinsic value and market price by leveraging techniques like statistical analysis and behavioral economics. Technical analysis helps guide traders to what is most likely to happen given past information. Most investors use both technical and fundamental analysis to make trading decisions

KEY TAKEAWAYS

• Technical analysis, or using charts to identify trading signals and price patterns, may seem overwhelming or esoteric at first.
• Beginners should first understand why technical analysis works as a window into market psychology to identify opportunities to profit.
• Focus on a particular trading approach and develop a disciplined strategy that you can follow without letting emotions or second-guessing get in the way.
• Find a broker that can help you execute your plan affordably while also providing a trading platform with the right suite of tools you’ll need

Technical Analysis Strategies For Beginners

Choose the Right Approach: There are generally two different ways to approach technical analysis: the top-down approach and the bottom-up approach. Often, short-term traders will take a top- down approach and long-term investors will take a bottom-up approach. In addition to this, there are five core steps to getting started with technical analysis.

Top-Down: The top-down approach is a macroeconomic analysis that looks at the overall economy before focusing on individual securities. A trader would first focus on economies, then sectors, and then companies in the case of stocks. Traders using this approach focus on short-term gains as opposed to long-term valuations. For example, a trader may be interested in stocks that broke out from their 50-day moving average as a buying opportunity.

Bottom – Up : The bottom-up approach focuses on individual stocks as opposed to a macroeconomic view.

It involves analyzing a stock that appears fundamentally interesting for potential entry and exit points. For example, an investor may find an undervalued stock in a downtrend and use technical analysis to identify a specific entry point when the stock could be bottoming out. They seek value in their decisions and intend to hold a long-term view of their trades.

In addition to these considerations, different types of traders might prefer using different forms of technical analysis. Day traders might use simple trendlines and volume indicators to make decisions,
while swing or position traders may prefer chart patterns and technical indicators. Traders developing automated algorithms may have entirely different requirements that use a combination of volume indicators and technical indicators to drive decision-making.