Earn And Learn, The Beginning..............Hello My Soon to be wealthy friends!
I am going to be providing you a free educational course on technical analysis. Whilst your learning technical analysis to keep things exciting we are going to make money off our trades. I am going to teach you (for free) everything you need to know to ensure you can make educated decisions in the marketplace resulting in high profits. We will build a team that follows textbook trading and we will have the power to move markets and profit from the novice and greedy.
Seen all the charts here most we don’t want to touch and once you have followed me your eyes will open to the people that are traders and the people that are just social gurus.
Don’t get me wrong I love a joke, love fun, love a drink, love spending money BUT love making it more. Together we are going to make money and understand how we earned it.
LET’S BEGIN…………..
We are starting with raw basics if you know this already read it anyway to make sure you understand it ALL. There are 2 types of analysis in financial markets this being fundamental analysis and Technical Analysis. We are only going to learn one as that’s all we need. Technical Analysis we are going to refer to as TA and fundamental analysis as FA .
The 2 analysis are very different and I want to explain why we can forget learning about FA and only learn the TA.
TA once learnt you can apply to ANY market from crypto, stocks, commodities, forex and YOU WILL BE successful in all of these market sectors.
FA is conducting research to specific industry types like example if trading Tech companies you must learn about all tech companies on that exchange and which company you believe has the edge not only is this time consuming it limits your trading to Tech companies. For you to start trading let’s say Banks with FA you need to learn then entire market of banks and discover why they have the edge against one another and then decipher which stock will rise.
TA all we do is look at the chart and find the trend we can trade any market, any sector and industry. We can find everything we need to know to enable us to trade the crypto, stock, currency etc WITHIN 5 MINUTES of looking at the chart. There are 2 main charts types we are going to look at now and will always look at in the future.
'This is a LINE CHART and a CANDLE DOJI CHART , now you will see above the chart in the heading is a line Chart. A Line Chart is the easiest chart to read and great for beginners or pro’s to figure out what trend we are in either an upward or a downward trend or there may be no trend.
Candles Doji charts which is the default setting on most exchanges in crypto are great to see the live action these candles all explain to us as to what is happening next, below is an example of the Candle Doji chart. Timeframes of charts are important from Monthly, weekly, daily, 4H and H. We will always look at the Weekly, then the daily when we first check a crypto.
A line chart will link all the closing prices of the chart into a line marking this VERY EASY for you to see trends. The chart at the Top of this page shows BITCOIN in its downward trend we are in now; using the line chart.
Chart below shows BTC in its upward trend late last year using Candle Doji.
My next post is going to be MODULE 1 // DISCOVER THE TREND
This will teach you how to find a trend by looking at the chart and using the Moving Average indicator to confirm the trend, we will apply the 200 day, 100 day and 50 day MA. This is stage one of the course; discover the trend and from what you learn on day 1 you will already know you should or shouldn't trade the chart at all. This information alone is going to Save you Losses and Earn you Profits
Please follow me to start learning some VERY basic stuff over next few days then move onto more advanced.
