But with the advancement of technology and the increased popularity of technical analysis, the use of charts has greatly increased, making them one of, if not the most important tools used by technical traders.
Volume precedes price, meaning that the loss of upside pressure in an uptrend or downside pressure in a downtrend actually shows up in the volume figures before it is manifested in a reversal of the price trend.
Resistance and support levels are widely used by experienced traders to formulate trading strategies. For example, if a stock is approaching a very strong resistance level, a trader may prefer to close the position rather than take the risk of a significant decline if the stock uptrend reverses.
MetaStock is an end of day analysis tools so you can make informed decisions about what to buy and sell, and when to execute… resulting in the most profitable trades.
The software contains powerful analysis tools to help you make informed decisions about what to buy & sell and when to execute to make the most money possible.
StockCharts.com has made great looking financial charts made easy. We have the tools, educational information, expert opinions, and support you need to make more money in the market.
MarketWatch operates a financial information website that provides business news, analysis and stock market data. It offers personal finance news and advice, tools for investors and access to industry research.
Analysis of ADX is a method of evaluating trend and can help traders to choose the strongest trends and also how to let profits run when the trend is strong.
A good summary of the psychological profile necessary for consistent profitability in trading. The strength of this book is that it is telling the story as it is – not everyone can become a great trader but it is possible to train anyone in becoming a good one as long as the person is willing to shape their minds into one.
StockWiz is a stock software that specializes in data mining and screening. StockWiz has very flexible querying capabilities that can come in the ranking, screening or backtesting a trading strategy. Compared to other stock software products this program has some excellent features.
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
This is one of the best books of Martin J. Pring. It has lots of reading material about Technical Analysis most notably about candlesticks, momentum and volume based indicators. The new editiion of this book now comes with the psychological aspects of trading and investing.
Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method.
The Elliot Wave Principle is mostly used by technical analysts in determining the future price movements of stocks, bonds, and commodities. Basically, the Elliot Wave states that future prices can be forecasted in smaller waves or patterns.
TheStreet an influential digital financial media outfit whose chain of digital service provides subscribers, advertisers and users with an array of valuable content and tools by way of online, social media, tablet and mobile channels.
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures.
InTrading with Candlesticks, Thomsett explains how each leading candlestick works, how they appear, and how to interpret them to discover emerging price moves and trend reversals, as well as confirmations of existing trends.
Aimed at the typical investor–such as the average CNBC viewer–this book shows investors how to follow the ups and downs of stock prices by visually comparing the charts, without using formulas or having a necessarily advanced understanding of technical analysis math and jargon.
