Mastering Technical Analysis: A Beginner's Guide

Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.

Key Concepts

• Trend Lines: Identifying the direction of the market.
• Support and Resistance: Price levels where the market has historically had difficulty breaking through.
• Moving Averages: Smoothing out price data to create a single flowing line.

By mastering these basics, you can start to make more informed decisions about when to enter and exit trades.