Trading Tutorials? Let me know
Hi there
Trading is a very difficult game, yet it can be the simplest game at the same time.
It is difficult because the barrier of entry is quite low. All you need to do is to set up a trading account online, deposit some money and start buying and selling. For a lot of people, this ease of access is often a dangerous disguise; it seems all too easy to start earning money... when in fact, trading is just like any other profession; you need a lot of proper training before you can actually produce and earn.
So where should you start if you want to learn trading? My personal experience and recommendation is technical analysis. By Wikipedia, technical analysis refers to "an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume." This sums it up quite well. In technical analysis, we look at the past history of a stock (or a commodity, a crypto, etc) and try to predict its possible future price movement direction and magnitude. Often times, technical analysis is focused on recognizing certain patterns in price/volumes that appear again and again in the price movement of many financial instruments. Based on the statistical characteristics of these patterns, we can make certain judgement on how future price may move.
I plan to write a series of simple tutorials on technical analysis here. Would that be of interest to you? Let me know!
Welcome to Steemit. It looks like our blogs are pretty similar. Follow me for crypto, stock market, and the occasional forex and futures updates. I try to do daily stock market updates and then other asset classes whenever I have time.
Nice to meet you here.