We are going to round off our introductory technical analysis series, in the last three articles, by putting together what we’ve learnt so far. It’s fine having all this new knowledge, but how do you use it in the real world? Technical analysis is a multi-talented tool that can be used for many things in your trading – not just direct price analysis. So this week, we are going to look at how you can use technical analysis to design, build and implement a trading strategy. In our final two articles, we will see how you can apply technical analysis in your risk and trade management and how you can use it to improve your results! [Read more…]
Welcome to a new Technical Analysis blog series. This series will comprise 25 introductory articles covering all aspects of technical analysis, from the very basics through to some more advanced theory. Hopefully, these articles will whet your appetite for the subject and inspire you to take up technical analysis (if you haven’t already) and use it in your trading and investing. My aim is to enhance your existing knowledge and give you an insight into how technical analysis can be used as an effective trading tool, both to make and save you money and give you new roads to follow. This is a vast, often misunderstood subject, so the aim of this blog series is to make it more accessible by breaking down a few of those boundaries.
In this first article we explore the roots of technical analysis. It is vitally important for you to understand where technical analysis has come from and the thinking behind it, if you’re ever going to successfully use it in practice. [Read more…]
It’s an exciting week of interest rate decisions again. Wednesday sees a US decision which is expected to take their rates up to 0.75% from 0.5%. Currently, the probability in the market of that happening is 94.9%. [Read more…]
There are several key stories to watch out for this week, which are likely to drive the markets in the near short term. The OPEC meet in Vienna on Wednesday will try to finalise a production cut agreement. China announces production PMI data on Thursday and the Italian referendum on Sunday 4th December will add more weight to the markets as it approaches. [Read more…]
It is Thanksgiving on Thursday in the US and the markets over that side of the pond will be closed all day and only partially open on Friday. Japan is also on a bank holiday on Tuesday for their Labour Thanksgiving day. [Read more…]