As I often say about my wine savvy, I know just enough to be dangerous. For many traders, the same holds true with regard to charting and technical analysis. They know enough to use an RSI (relative strength index) to gauge momentum but really don’t know why they use a parameter of 14. And they… [Read More]
In this conclusion to our technical analysis tutorial, Michael Kahn teaches you how charts actually help traders and investors make better investment decisions.
Technical analysis has an unfortunate name and, at worst, it is often belittled as tealeaf reading. But the best traders understand its importance in not only telling where a market is but also how it got there.
Rather than trying to time the bottom, investors would be better served to let the market take care of that on its own. The good news is that when the actual bottom gets near, the market will generously provide many tell tale signs.
TradingMarkets contributor Michael Kahn concludes his two-part series on the usage of stock charts to make better short and long-term trading moves.
In this first of a two part series, TradingMarkets contributor Michael Kahn explains the basics of stock charts and how an understanding of them can dramatically improve your trading.