One of the common dilemmas that rookie traders face is related to the importance of tools and, by extension, indicators. But are they really necessary?
There is no reason why you cannot automate some of the donkey work of picking potential investments – and you don’t need to be a rocket scientist to do it, writes veteran chartist David Jones.
Are you fascinated by the movement of currencies across the world and want to turn that interest into some serious profit? If so, forex trading could be the perfect business opportunity. Trading currencies against each other can be a great way to make quick returns, but it’s a risky sector to operate in. Currency values…
Given what we have seen in stock markets in recent weeks, it was easy to pick the topic for this month’s charting article. Volatility has jumped, world markets fell heavily – is it the beginning of the end of the long trend upwards for shares? A recent history lesson Let’s go back to where this…
Given the fact that you can barely watch the news today without the “B” word rearing its head, I thought it could be timely to take a look at the fortunes of the pound versus its nearest currency neighbour, the euro. The market convention is actually to quote this the other way around to what…
The novice investor or trader often obsesses about where to get into a trade or investment and may spend much time trying to refine this process. Indeed there is a whole industry around the perfect entry signal; buy now or miss out on massive gains, XYZ share cannot go any lower… Of course, we all…
Last month saw some interesting statistics concerning the US stock market. Unless you have been living in a cave in recent years, you will be aware that the major US indices have continually pushed to fresh all-time highs. The latest leg higher within that multiyear trend started after the US election last year – markets…
Some people will dismiss technical analysis and charting as just squiggly lines on a chart – and I for one am not the biggest fan of the chart pattern approach to trading or investing. That aside, there are often sound changes or shifts in investor sentiment that underpin the various patterns that are a major…
One of the appeals – and drawbacks – to technical analysis for some are the many, many ways of analysing historical data on a chart. Before home computers and sophisticated investing software, many charts were either in paper format or on dedicated terminals, primarily used by City institutions. Now of course, you are only ever…
In my opinion, investors/traders don’t spend enough time on putting together a strategy that helps them decide when to get out of a profitable position. All of the effort gets channeled into finding a perfect system for where to get in – which of course doesn’t exist! But where you finally get out is what…
