Reddit Reddit reviews Charting and Technical Analysis

We found 6 Reddit comments about Charting and Technical Analysis. Here are the top ones, ranked by their Reddit score.

Business & Money
Books
Investing
Introduction
Charting and Technical Analysis
Used Book in Good Condition
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6 Reddit comments about Charting and Technical Analysis:

u/vladtheinpaler · 3 pointsr/stocks

Let me start off by saying your comment made my day, thank you. Also, if I could give some encouragement, it'd be that understanding market sentiment for commodities isn't something that comes naturally to anyone. I spend a lot of time online at night researching - kind of became a hobby. I'd highly recommend getting a Seeking Alpha account and putting gold ETFs on your watchlist to get articles on gold. Read anything that's written by Avi. I've learned an immense amount from him. (I also like Taylor Dart.) What you just said about 'the economy doing great so gold would do bad' is a pretty common mistake. Don't take any "truths" on gold as a certainty. Sometimes it moves inverse the SP500, sometimes it moves inverse the dollar, but not always. It's not a hedge. It crashed alongside the SPX during 2008. It's pretty correlated with the Yen and inflation expectations, but knowing that won't really help you in the long run. Fundamental analysis will only get you so far. People will use news to explain price action after the fact, never before - because it doesn't work.

"Gold moved $10 today because Trump tweeted something mean about China." BS... there's always news going on. You can know everything about global economies and still not be a successful gold trader. But basic technical analysis and market sentiment will get you pretty far. I look at the CFTC report (https://www.investing.com/economic-calendar/cftc-gold-speculative-positions-1618) for a reference on how people are positioned. See how in August gold was at one of the highest net long positions ever? Red flag.

As for technical analysis, I watch plenty of YouTube chartists. If you want to think like a technician, you have to listen to them. Lastly, I love this book (https://www.amazon.com/Charting-Technical-Analysis-Fred-Mcallen/dp/1456468693/ref=sr_1_3?ie=UTF8&qid=1483683042&sr=8-3&keywords=technical+analysis+of+the+financial+markets) too. It's not dry at all, and was a great starting point. Happy trading.

u/CrashNT · 1 pointr/StockMarket

that was the book i started with. I read that and Stock Market 101. The second book I read was Charting. Now I'm reading The Intelligent investor and a couple Day Trading books

u/Tiramelacoma · 1 pointr/argentina

Hace 2 dias nomás me bajé y empecé a leer un libro de intro al charting y al TA. Bajé y ojeé otros, pero hasta ahora éste me resultó el más claro.

El tema de acciones, bonos, forex y demás me gusta. Pero por alguna razón el tema crypto me atrae aún más.

Ahora me pregunto seriamente si no me conviene mandar programación a la mierda, porque vengo sufriendo desde hace rato como un condenado para dar siquiera con entrevistas para puestos de trainee/jr... que por supuesto después terminan en la nada.

La verdad me gustaría dedicarme más de lleno a esto y ganar plata en serio. :)

(perdón por los edits)

u/AvrgeDude · 1 pointr/personalfinance

https://www.amazon.com/Charting-Technical-Analysis-Fred-Mcallen/dp/1456468693

Read this book. Go to tradingview.com for free charting. Learn how to trade options (calls and puts). Invest all $1000 into calls on a stock you think will raise OR all $1000 into puts on a stock you think will fall. PROFIT $$$$$

u/Creamy_Cheesey · 1 pointr/stocks

I was recommended this book since charting/technical analysis is one of the most trustworthy ways of determining what a stock is going to do next. Other than that, I just went out and bought a couple of "investing for beginners" kind of books.

A good brokerage to start with is an app called Robinhood, which is free of brokerage fees (the fees most places charge for buying and selling stock), and they offer a couple of free day trades per week, if that's something you want to do. Very intuitive app that does a lot of what you want it to. Other than that, Google is your best friend, but invest off your own research and start with safe investments like ETFs while you read up.