The Ultimate Guide to Technical Analysis
The Ultimate Guide to Technical Analysis is your one-stop source for detailed and in-depth technical trading analysis. Author Steve Burns dives into using technical indicators and price action to make better trading decisions, giving you a strong foundation for making informed trades. He covers the identification of trends, support and resistance levels, and momentum/volatility in the market through technical analysis. He also emphasizes the importance of building a price action trading system that aligns with your risk tolerance and goals.
FROM THE BOOK
Technical analysis can be used to identify levels of price support and resistance, the direction of a current trend, momentum or volatility.
Technical indicators are simply trading tools, the profits come from how well a trader uses them to build a price action trading system that fits their time frame, risk tolerance and return goals.
Technical analysis without a quantified trading system is unlikely to yield profitable results because traders need a repeatable edge and proper position sizing to make money in the markets.
Technical indicators are powerful tools traders can use to construct a successful and profitable price action strategy.
ABOUT THE AUTHOR
Steve Burns is the Founder of New Trader University, a financial media company and go-to resource for people who want to build a strong trading foundation.
He has been investing and trading in the stock market successfully for over 30 years.
He specializes in stock and options trading, financial analysis, personal finance, personal growth, and social networking.
He is one of the most frequent faces on financial Twitter, under the user @SJosephBurns. He tweets about markets, financial freedom, and great motivational materials for traders.