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 […]
3 Key Principles of Technical Analysis
In this article, you will learn the three fundamental principles of technical analysis. 1st Principle – Market discounts everything. Everything includes news, facts, data, emotions, and expectations. Everyone (including the fundamental analyst) ponders over each piece of information to make only one decision: to buy or to sell. This single decision affects price and volume. […]
Why You Must Have An Initial Stop Loss?
A stop-loss order is a trade order to close your position when the market moves against you. Some traders don’t believe in using stop losses. These traders have been stopped out right before watching the price move in their favor again. They remember these painful experiences. They remember them too well. As a result, they believe […]
5 Exit Strategies To Secure Your Profits and Limit Your Risk
When I review trade setups, I always state the rules for entering the trade. However, most of the time, I leave out the exit strategies. It is not because exit strategies are not necessary. Instead, they are so crucial and deserve so much attention that I’m unable to include them in a concise review. An exit […]
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