Mark Selznov provides members a daily lesson for interpreting technical analysis . Because everything a trader needs to know about a stock is reflected in its chart, new traders need gradual lessons in this most important element of successful trading. From the the most basic elements of identifying support and resistance to the most advanced methods of interpreting MacD, triangles Fibonacci lines, relative strength index, stocastics and pennants, Mark teaches us over time to recognize the entire spectrum of the most important technical patterns. Following his daily lesson, he also gives us a stock pick to consider. To trade effectively all traders need to read up on technical analysis.
Numerous books are available.
Without a perspective of the technical analysis, markets will brutally beat your capital to a pulp. Understand technical analysis before you trade with real money. Traders get trapped every day using Level II screens exiting positions right at the bottom following a drastic dive in price. Many times it's better to stay in for a little improvement before making that exit on long positions. Only by understanding technical analysis will you know which decision to make.