Re: Technical Analysis
Big question without a lot of simple answers. I'd suggest reading up on TA as much as possible. There are tons of books out there and a lot of free internet sources as well.
Now for a word of caution. Don't think that TA is the holy grail. As often as not it's going to mislead you and leave you a bag holder or just bleed your account dry unless you have experience.
The truth is, TA works great when the market is trending. When the market is ranging, or when you don't understand the complexities of the trend (e.g., near term uptrend in an intermediate downtrend, in a long term up trend) you may find the indicators are misleading or the breakouts fail. Again, it generally takes lots and lots of experience and hard work before you will really understand the probabilities. And let's be honest, that's all TA is, probabilities. Nothing will ever tell you the future.
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