There is a wide rift between day trading/technical analysis and the academia. It boils down to the efficient market hypothesis which you can read more about here. To many academics, day traders are noise traders, and technical analysis is at best voodoo. As a result, we don’t talk to each other. Day traders stare at […]
How To Trade With Fibonacci Numbers
What are Fibonacci numbers? Leonardo Fibonacci introduced the Fibonacci numbers to Western mathematics in a 13th century book. 0, 1, 1, 2, 3, 5, 8, 13, 34, 55, 89, 144, … Each number is the sum of the two numbers preceding it. Fibonacci numbers have unique properties and a special connection to the Golden Ratio. Now, […]
Instantly Improve Your Trading Strategy with Support and Resistance
What is the best way to improve your trading strategy? Use support and resistance concepts in your trading strategy. Learn how to use support and resistance levels in your trading strategy to improve your trading results. What are Support and Resistance levels? Before you learn about support and resistance, you must first understand basic demand […]
Book List For The Chartered Market Technician (CMT)
You have just signed up for the next Chartered Market Technician (CMT) test. You should spend your time studying hard for it. You should not waste time piecing bits of information together to find your study materials. Let us help all aspiring Chartered Market Technicians with this one-stop resource page. Read on even if you are […]
What Is The Value of The Chartered Market Technician (CMT)?
Whether you thought of enrolling in the Chartered Market Technician program or saw your associate’s name card with the acronym “CMT”, you must have wondered about the value of the Chartered Market Technician designation. [This article has been updated on 26 September 2018.] The Chartered Market Technician is a professional designation for practitioners of technical analysis. […]
3 Types of Price Charts
Prices are important in technical analysis. Let’s get to know the three standard price charts we use in technical analysis. To draw a price chart, we need to choose a time frame. Then, we need the open, high, low, and close prices of each period. For the following examples, we are using daily prices. 1. Line […]
