A simple approach to technical analysis of financial markets - Stefano Calicchio - E-Book

A simple approach to technical analysis of financial markets E-Book

Stefano Calicchio

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Beschreibung

What is Technical Analysis of Financial Markets and How Does it Work in its Application to Online Trading? For the first time in Italy, a concrete and accessible guide shows you the working mechanism of technical analysis applied to operational trading.
Inside this practical handbook you will discover all the information you need to start studying the markets following TA principles. From basic price analysis to charting, from candlestick patterns to the main technical figures and the use of the most popular oscillators.
Forget the ineffective theoretical manuals of thousands of pages sold at crazy prices on the web and finally enjoy a read that will give you the basic know-how you've been looking for for a long time at an unbeatable price... because learning the basics of technical analysis quickly has never been easier!

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Stefano Calicchio

A SIMPLE APPROACH TO TECHNICAL ANALYSIS OF FINANCIAL MARKETS

UUID: 57219e02-169c-498f-823e-bd6e76697291
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Table of contents

Introduction

Technical analysis, this unknown

The fundamental concepts of technical analysis

The meaning of prices

Main criticisms

The main elements

Trading indicators

The price charts

Bar charts

The meaning of the bars

Japanese candlesticks

Japanese candlestick patterns

Supports and resistances

The trends

Price channels

The ruptures

The triangles

The gaps

The double ceiling and the double floor

The shoulder-head-shoulder

Flags and pennants

Moving averages

Oscillators

The stochastic oscillator

The RSI

The MACD

Bollinger Bands

Latest tips

Conclusion

Introduction

Would you like to know a number of techniques and strategies capable of anticipating future price movements in any area of the financial sector? Technical analysis is one of them.

Although the debate on the effectiveness of technical analysis remains heated, there is no denying the value of the subject to thousands of investors around the world. From the smallest traders to the largest financial institutions, technical analysis of the stock market is nowadays an indispensable reality for many professionals in the industry.

Based on the above, it is clear that the study of technical analysis can be of great use to both the novice and the advanced investor, as the common goal of both is to transform the markets into a part-time or even full-time activity.

The basic principle behind this is simple and intuitive: technical analysis detects past price patterns that have been frequently repeated in previous years, increasing the likelihood that they will repeat themselves with statistical validity in the future as well.

The purpose of this guide is to introduce the reader to this multifaceted subject not only from a theoretical but also from a practical point of view. During the reading, you will be introduced to the basic principles of technical analysis in an accessible and easy-to-remember manner.

Although this is an introductory book, it will be possible to address the main themes of this analysis, so that you will be able to acquire the basic and necessary concepts in their entirety.

We will cover chart formation, as well as the different ways of visualising prices, from identifying trends to using specialised tools such as moving averages and oscillators.

Therefore, I only hope that this guide will help you to successfully put into practice the concepts you will discover throughout the reading.

Technical analysis, this unknown

Technical analysis often generates such a debate on the real usefulness of this subject that it ends up creating two opposing formations in continuous struggle with each other. In practice, it is a "working tool", essential for investors, and should be more fully understood and explored through the practical suggestions it can offer.

Obviously, this type of analysis has its advantages, but it also has its drawbacks. On its own, technical analysis cannot be considered a panacea for all the ills of trading. This is a fairly easy statement to prove, as no market analysis can work unless it is supported by sound judgement and a successful capital management model.

On the other hand, you will be able to achieve an understanding and overview of the market only if you also include technical analysis, fundamental analysis and real trading experience.

It is therefore important to bear in mind that this sector bases its predictions on past market trends, without claiming to be able to predict the future with complete certainty.

Technical analysis is not intended to provide an easy and instant way to make money in the financial markets, but rather to provide the essential knowledge and resources to become aware of what is happening through price movements and how they interact with each other.

The fundamental concepts of technical analysis

In order to really understand the fundamental and operational concepts of technical analysis, it is very useful to anticipate some of the basic principles of this subject, the aim of which is to help the reader to adopt a correct operational attitude. The two golden rules that characterise technical analysis are as follows:

1) The continuous changes in thefinancialmarket are the consequent result of the pragmatic and psychological battle that occurs between buyers and sellers, which automatically produces discounts during each and every financial transaction

2) The continuous price changes financial instruments are not random, but rather deterministic; this means that they are nothing more than the result of psychological attitudes and operativeattitudesthat are constantly repeated