Technical Analysis For Dummies
A simple, straightforward guide to the fundamentals of technical analysisSavvy traders have been using technical analysis for over a century. It's easier than ever with PCs and the Internet to use technical analysis to make smarter trading decisions. This hands-on, friendly guide gives you plain-English explanations of everything you need to know to put money in a securities market to astounding results.Open the technical analysis toolbox — get a clear overview of what technical analysis is and how it lets you observe prices in a new way to make trading decisionsGet in the technical mind frame — discover how to select indicators that match your personality and preference for risk, and get to know the types of profit and loss outcomes typical to eachSet the bar — understand how to observe price bars and small patterns to earn cold, hard cashBe trendy — use indicators to identify whether your price is trending, the strength of the trend, and when the trend is at a reversalOpen the book and find:Why technical analysis does and doesn't (always) workWays to identify crowd behavior and patternsWhen to use chart indicatorsHow to draw a trendlineGuidance on transforming channels into forecastsThe simple arithmetic needed for dynamic analysisTips for measuring momentumWhy timing is everythingExpert examplesLearn to:Grasp and apply the basic principles of technical analysisImprove your profitsBrush up your knowledge of the trend-following principleJoin the smart money crowd that knows when to hold, and when to fold