Technical analysis for stock trading
Analysis of stock - it sounds like something very boring and time consuming. But learn how to use technical analysis and you will find it easy, simple and really effective. I will show you all necessary practical skills which really help you to concentrate to most important issues during technical stock analysis
Technical analysis believes that everything important about stock is immediately included in price and therefore you as a trader need only to watch and analyze price movements. That is great because you need not to learn how to read annual reports, what does it means earnings, P/E and so !
Chart analysis ? OK. Technical analysis is in general analysis of stock charts, because price movements are painted in charts. There are several different types of charts but I recommend to choose the best one : candlestick charts.
What are candlesticks charts ? Here is example.

They are based on simple elements = candlesticks. Each candlestick represents one time period. It shows us how price moved during this period. You can learn a lot from
every single candlestick.
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