Whether you are new to trading or not, you have probably seen those stock photos of someone sitting in front of a screen full of charts that accompany every article about trading. But have you ever looked at those charts and wondered what it all means? There are many forms of charts, but probably the most commonly used are candlestick charts generally consisting of red and green rectangles that look similar to a box and whisker plot. These are called Japanese Candlesticks, and we’re going to talk a whole lot about them in this article.
For anyone looking to understand trading, having a strong background knowledge of candles and what they depict can give you a leg up in the challenging game of stock trading. This article covers everything you need to know about candlestick patterns from what they are, to some of the most common patterns and what they mean. Continue reading Trading Candlestick Patterns 101: Introduction and Common Candlesticks & Patterns
The markets are competitive, and any edge you have can be easily eaten up by making mistakes in your analysis. Here are a few of the most common mistakes that traders make and some suggestions on how to avoid them. Remember, trading is extremely risky, but there are things you can do to increase your odds of success. The best way to do this is to start by understanding the most common mistakes, what they are, how they happen, what you might be thinking when you make the mistake and build your system around avoiding it. Continue reading The 9 Deadly Sins of Technical Analysis … that Chart Traders Commit Without Realizing
Prepare for trading: Week of July 16th, 2018
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week. One way to do that is checking out one of the most powerful features on TrendSpider, Multi-Time Frame Analysis. This week, we’re focused on Bollinger Band setups using multiple time frames.
Continue reading Prepare for the Trading Week: Week of July 16th, 2018 – Trading Bollinger Bands with Multi-Time Frame Analysis
TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process. Continue reading Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities