TIP: Keep it simple
|Technical studies can be useful, but they can also be abused by traders. The biggest danger traders face when using charting tools is “analysis paralysis.†At some point, you have to make a decision about your trade, and simply adding more analytical tools that may just end up muddying the water does not necessarily increase your probability of success. “Indicator piling,†or adding several indicators to a single chart, will probably only obscure your real trading opportunities. Watch the video
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TOOLS: Technical Studies
REPORT: Technical Analysis: An Introduction to Chart Reading - Andrei Knight
REPORT: You Sure You Are Looking At Charts Properly? - Sam Seiden
BOOK: Essentials of Technical Analysis for Financial Markets - James Chen
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