How to start learning Technical Analysis -
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thread: How to start learning Technical Analysis

  1. #11
    Junior Member Danichesa's Avatar
    24
    Because all seniors, will start Baby Pips, oh Measures
    That is a fantastic place to start studying and then practice, practice, practice and read a few more and then practice again. .

  2. #12
    I saw a lot of our older members performing great charts and describing the trends etc etc.. I really hope to learn, but where do I start? Forex seems to be so large. Anyone can direct me on how to get me going?
    From: http://www.dacharts.com/articles/_38steps.htm

    38-STEPS TO BECOMING A
    SUCCESSFUL TRADER
    --------------------------------------------------------------------------------
    Steps to Successful Commodities Futures Trading
    as published in Commodity Futures Trading Club News
    and in Traders Organization's Actual Success Daytrading CourseWe collect trading information - buying books, going to seminars and exploring. We begin to trade with our 'new' knowledge. We consistently 'contribute' and then realize we might need more knowledge or information. We collect more info. We change the commodities we are currently following. We go back in the market and trade with our 'upgraded' knowledge. We get 'beat up' again and again begin to lose some of our confidence. Fear starts setting in. We begin to listen to 'outside news' additional traders. We go back in the market and continue to contribute. We change commodities again. We search for more trading information. We go back in the market and continue to contribute. We get 'overconfident' market humbles us. We begin to understand that trading success completely will take more time and more knowledge then we expected.

    --------------------------------------------------------------------------------


    Many Traders Will Give up at this Point since they Realize Work is Involved We get serious and start concentrating on learning a 'actual' methodology. We trade our methodology using some success, however, recognize that something is missing. We begin to understand the need for having rules to use our methodology. We take a sabbatical from trading to grow and research our trading rules. We begin trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We begin trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We add, subtract and modify rules as we see a need to be more proficient with our rules. We go back in the market and continue to contribute. We go back in the market and continue to contribute. We begin to take responsibility for our trading results as we understand that our success is in us, not the trade methodology. We continue to trade and be more proficient using our methodology and our rules. As we trade we still have a tendency to violate our rules and our results are erratic. We know we are near. We return and research our rules. We build the confidence in our rules and return in the market and trade. Our trading results are getting better, but we are still hesitating in executing our rules. We see the importance of following our rules as we view the results of our trades when we do not follow them. We begin to realize that our lack of success is within us (a lack of discipline when the rules because of some kind of fear) and we begin to focus on understanding ourselves better. We continue to trade and the market teaches us more and more of ourselves. We grasp our methodology and trading rules. We begin to consistently make money. We begin to consistently make money. We get a little overconfident and the market humbles us. We continue to learn our lessons. We stop thinking and allow our rules to trade for us (trading gets dull, but effective) and also our trading account continues to grow as we raise our contract size. We're making more money then we ever dreamed to be possible. We go on with our lives and achieve many of the goals we'd always wanted. The technical analys is at the initial measures.
    There are a lot more important things than the tech analys, but it requires years : https://www.cliqforex.com/general-fo...opagation.html

    whenever I've learnt trading in the first time, I've learnt a lot from someone, who probably learnt: https://www.cliqforex.com/general-fo...shift-pst.html I'd suggest to read the initial pages. We utilize similar system with some changes.

  3. #13
    You dont have togo there .... You find the caliber af the traders now adays after where graduated from ....

    You will do good here .... If you have time and will ... elliot wave is a good read ...

  4. #14
    Junior Member ElTipkEmsi's Avatar
    25
    Listen.

    Click cliqforex forum gt; trading system and pick a few system to see.


    Gurantee easy and efficient. Dont should listen to those whatever rules or coding.
    Remember 95 percent or more traders are losers

  5. #15
    oxr?a2000oxray
    Guest
    Since I'm new here I can't start a new thread and I did not know where to ask this, I will delete my post if I'm not to ask.

    I was wondering if anyone could tell me break actually works? For example:

    I buy something at 1.5 USD, my stoploss is at 0.5 and also my take profit is at 2.5.

    If my target is struck (2.5) then the trade will shut down? I want to have the ability to set up multiple take profit goals, how can you guys do that? Split your orders?

    Ever since I would like to buy in 1.5, possess my stoploss in 0.5 and 2 distinct take profits, first one at 2.5 and second one at 3.5, When 2.5 is struck I want to transfer the stoploss into 1.5.

    Also I'm using Metatrader 4, demo account of course. Sorry for my bad english but I hope you know.

    Greetings!

  6. #16
    I think babypips is an excellent spot to learn analysis ever. Additionally, it is possible to find some nice articles about technical analysis and other aspects of forex trading in different forex encyclopedias similar to this 1 https://freshforex.com/encyclopedia-...ric/technical/

  7. #17
    I'm also attempting to learn technical analysis and started following the J16 ribbon and read somewhat at the babypips school which I truly appreciate.

    I'd like to knwo the way you approach technical analysis. Do you pick one pattern and then apply it to various Foreign Exchange pairs or would you prefer to study just one or 2 Foreign Exchange pairs and look for a variety of technical patterns? I have been thinking about the 2 approaches a lot lately and would like to adhere to a structured approach with my trading.

    Rex

  8. #18
    There are many distinct areas you may start to learn technical analysis.

    The first would be appropriate here, on cliqforex. By reading member's articles and surfing through some of the trading journals and seeing illuions.
    The other common one could be http://www.babypips.com. Step-by-step learning, content. Obsolete however.
    Another newer website that also has step by step lessons and an easy to read fashion is http://www.forexcentral.co.uk and it's all fresh.
    Another source could be investopedia.com. There are fantastic articles, but some may be too advanced for a beginner.

    To summarise: there are several distinct areas on the web to learn technical analysis - most prefer the step by step lesson egy, others prefer the arbitrary chaotic individual hunts.

    Hope I helped, Fez

  9. #19
    I say, forget about reading technical analysis and also whatever analysis babypips, indiors and whatnot, first seek the plogy of trading: Trading in the Zone by Mark Douglas is a great start.
    Then, study risk/money management.
    Then, download a trading platform, open a bare chart, and draw your own decision as to how you want to buy, sell and exit, just remember.

    Trading is just like driving a car, you cant get it done by only taking a look at the rear-view mirrors and you can't predict what other drivers can do next, you may only anticipate and respond in accore with their current behavior.

  10. #20
    The worst one can do for yourself is to Know Technical Analysis
    The crap that is Technical Analysis is billions and billions of light years away from really understanding what is necessary for earning money in gambling.

    You would be a lot better off to learn to paint watercolor
    http://painting.about.com/od/waterco...-beginners.htm

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