As someone else said, it isn't so much about being right or wrong, but about improving your odds, finding critical points where something is bound to happen, and finally managing your trades in a way that you profit in the end.
Topic: I want to learn! - page 2. (Read 2205 times)
Take a look at tradingview.com! It's an amazing (free!) tool for charting and the Bitcoin chat community is quite active, knowledgable and helpful! Just keep in mind that it isn't obvious easily who's right or wrong, and that even the best chartist/trader does make wrong predictions regularly, so don't follow anyone blindly
As someone else said, it isn't so much about being right or wrong, but about improving your odds, finding critical points where something is bound to happen, and finally managing your trades in a way that you profit in the end.
As someone else said, it isn't so much about being right or wrong, but about improving your odds, finding critical points where something is bound to happen, and finally managing your trades in a way that you profit in the end.
You should also learn that there is next to none empirical evidence for technical analysis to be an effective predictor of future prices
it's possibly a bit too technical (although the math required is nothing more than high school level).
Well, as a retiree I should dig out my high School math which ist Long ago 
Haha, I'm sure that won't be a problem. I just mentioned it to make clear that, to follow the book, you don't need a university degree in a field like math or physics, just basic mathematical maturity is enough. And if you're retired, you're definitely mature enough
Technical Analysis: From Trends to Moving Averages- Your Step-by-Step Guide to Trading with Technical Analysis. von Joel Sanders (5. Mai 2014)
This is the perfect book to read for a newcomer, well written and easy to learn.
This is the perfect book to read for a newcomer, well written and easy to learn.
it's possibly a bit too technical (although the math required is nothing more than high school level).
Well, as a retiree I should dig out my high School math which ist Long ago otherwise BabyPips is maybe more accessible.
I agree again for that Good book to start with, in my opinion:
http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
I read the Content and it seems to be goodhttp://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
It's somewhere in the middle, difficulty wise, I'd say...
You probably could, in principle, get most of the information from the book from web resources like Stochcharts - Chartschool, but the book is well organized, reliable, and covers a wide range of topics beside charts and indicators.
Then again, for someone who never traded before it's possibly a bit too technical (although the math required is nothing more than high school level). Depends on whether OP is serious about getting into TA (then the book is a good start), otherwise BabyPips is maybe more accessible.
Good book to start with, in my opinion:
http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
I read the Content and it seems to be goodhttp://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
This one is for free for a Kindle:
Technical Analysis: From Trends to Moving Averages- Your Step-by-Step Guide to Trading with Technical Analysis... von Joel Sanders (5. Mai 2014)
IMHO bitcoin market is very unique.
Good book to start with, in my opinion:
http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442
Hello ! 
Can someone give me a list of good books or information sources regarding trading / ta analysis / speculation ?
I m "trading" just for fun and i even made a little bit of profit, but most of the time i m just wildly guessing. I justt ry to buy low and sell high - if thats not working, then i m bagholding like a champ. ~:)
But i really would like to improve. For example: understanding fibbonacci or all the other special terms.
Where did you learn your skills ?
Thanks in advance
I don`t have a list of books.But an advice: to get experienced with TA it will take YEARS ! you cannot learn this in crash courses or in a few month.Can someone give me a list of good books or information sources regarding trading / ta analysis / speculation ?
I m "trading" just for fun and i even made a little bit of profit, but most of the time i m just wildly guessing. I justt ry to buy low and sell high - if thats not working, then i m bagholding like a champ. ~:)
But i really would like to improve. For example: understanding fibbonacci or all the other special terms.
Where did you learn your skills ?
Thanks in advance
Go to Google and search textbooks.
you mention fibonacci,well, this is already a bit special and not for the beginning
I see a lot of noobs here doing TA and it is horrible. I can read TA because I got experienced years ago in stock markets.
As german I do not know english textbooks,sorry
I don`t think this Forum is the right way to learn about TA.
Good luck
P.S for the beginning start with Basics of TA and then go to Patterns .
ChartSchool
http://stockcharts.com/school/doku.php?id=chart_school
http://www.taguide.com/index.html
Well, here is a couple links that will get you started with basic chart patterns and Fibonacci retracements. A note on chart patterns--emphasis on 4H candle or longer charts. The lower the time frame, the higher the noise.
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
And if you look into only a handful of indicators, I suggest:
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:relative_strength_in
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:moving_average_conve
Good luck!
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
And if you look into only a handful of indicators, I suggest:
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:relative_strength_in
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:moving_average_conve
Good luck!
Hello !
Can someone give me a list of good books or information sources regarding trading / ta analysis / speculation ?
I m "trading" just for fun and i even made a little bit of profit, but most of the time i m just wildly guessing. I justt ry to buy low and sell high - if thats not working, then i m bagholding like a champ. ~:)
But i really would like to improve. For example: understanding fibbonacci or all the other special terms.
Where did you learn your skills ?
Thanks in advance
Can someone give me a list of good books or information sources regarding trading / ta analysis / speculation ?
I m "trading" just for fun and i even made a little bit of profit, but most of the time i m just wildly guessing. I justt ry to buy low and sell high - if thats not working, then i m bagholding like a champ. ~:)
But i really would like to improve. For example: understanding fibbonacci or all the other special terms.
Where did you learn your skills ?
Thanks in advance
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