There are many indicators and methods used by traders all over the world, but few are used more often than those based upon Fibonacci numbers. From forex traders to institutions, Fibonacci is a mainstay of market analysis, and an important tool when trading or investing in stocks.
As with any tool we use though, it is very important to understand what it is, what it does, and how to use it in trades before ever adding it to your trading strategy.
Continue reading Using the Fibonacci Sequence with Stocks – TrendSpider Blog
Every Thursday, we perform an analysis of three tickers that are looking interesting into the last two days of trading for the week. It is important to always remember using multiple time frames is the best approach to seeing the entire picture. In these videos, we see that airlines may have more room to move up based on the current chart setups both on the daily and weekly candles.
Continue reading TrendSpider Thursday Analysis: Airline Stocks
The finance industry loves to separate traders and investors, treating them as two separate things. That can mean different terms at the broker, different support, or even different approaches to evaluating the markets. But here’s the thing, while there are differences in how traders and investors assess risk and put money into markets, both in essence are trying to predict the future direction of the asset they are buying.
If you see traders using tools that can identify market direction accurately, why would you, as an investor, ignore them? You wouldn’t, which is why investors really should be looking at technical analysis more closely to stay ahead of the game.
Continue reading How Technical Analysis is Used in Both Trading and Investing
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we take a look at the markets into the final days of October to see if November will bring any relief for the financial markets. To get a full week-by-week analysis of the broad markets in October, check out our blog posts here.
Continue reading Sunday Update for Week of 10/27- November Relief Coming?
Whatever kind of trader you are, whatever the instruments you use, what strategy you rely on or what timescale you trade, a key part of your success in the long term is having the right broker. Your brokerage firm can offer a wide range of services, and a broad range of costs that go with them.
Continue reading Comparing Different Brokerage Houses and Stock Brokers