You can learn to trade like the pros with a basic introduction to technical analysis and some simple stock chart patterns. Check out this video on candlesticks patterns next https://youtu.be/645jDJxW83g
Thomas Carvo gives you an introduction to technical analysis including how to learn to trade and spot the chart patterns that tell you where stock prices are going. He’ll explain with charts the most important technical analysis indicators like support and resistance, trend lines and volume indicators.
Anyone can learn to trade stocks but you need to start with the basics and understand how to use technical analysis and charting. Technical analysis is simply the use of stock charts and past patterns to make a decision on direction in stock prices. They say history doesn’t repeat but it does rhyme and the same can be said about stocks. They tend to follow the same patterns they have in the past.
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Starting to use technical analysis to pick stocks, you need to understand a few basic concepts like support and resistance. These are points in the price where the stock can have trouble braking past (resistance) and where it probably won’t fall much beyond (support). The major technical indicators are when a stock price breaks through one of these to head higher or lower.
0:15 What is Technical Analysis?
0:35 How to Learn to Trade
1:11 Introduction to Technical Analysis
1:50 How to Start Using Technical Analysis of Stocks
2:00 What is Support in Technical Analysis?
3:40 What is Resistance in Technical Analysis?
5:40 What are Trend Lines in Technical Analysis?
7:19 Why is Volume Important in Technical Analysis?
8:25 What Does the MACD Indicator Mean?
9:30 What Does RSI Mean?
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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