Things you should know...a newbie learns to read stock trading.

Things you should know...a newbie learns to read stock trading.

technical analysis full of principles and tools It may confuse many novice investors. This article will take you to know the basics. What you need to know in reading stock charts are 10 things you should know about reading stock charts.

1. The heart of analytical technicians is behavior.

Technical analysis is the study of the behavior of people trading in the current market. and study the behavior of stock price movements

2. Understand the price cycle

Trading stocks at the right place, over time, can assess the price trend that will change in the future in accordance with the nature and the price cycle that changes over time. There are 4 stages of the price cycle:

- cumulative distance

- uptrend

- distribution distance

- downtrend

3. Invest according to the trend

Investing in an uptrend will have a chance to make more profit Investing in the Right Price Cycle Trends It will help you not to lose easily.

4. The importance of trading volume

Volume is the amount of money generated from the actual trading at that time. for clearer trading decisions Because it can indicate the significant weight of the price direction as well.

5. Use support and resistance to decide.

If the price is able to break through these support/resistance levels. The price tends to continue in that direction.

Support is the value of a large group of funds in the market. view that the price is cheap and make a large purchase Makes the price bounce back up easily.

Resistance is the value of money that the market considers too expensive and sells, making it difficult for the price to move past this point.

6. Know the shapes of different types of graphs.

Chart shapes are frequent patterns of price action. It is a pattern, for example, similar to a combination of support, resistance and trend lines.

7. Analyze data from multiple timeframes.

Analysis of data from different time periods This makes it possible to see and differentiate the price trends in different periods, both short-term, medium-term and long-term. To prevent untimely trading of stocks

8. Know the limitations of the tool before using it.

Tools are often limited. and need tools to help

9. Choose specific tools as needed.

In addition to using the right tools Do not use too many tools. This will cause duplicate and conflicting trading signals. until unable to analyze investments accurately

10. Always have a clear plan.

An acceptable cut loss price should be set in advance. To prevent heavy losses and set the price for taking profit (Take Profit) to prevent selling too late and causing a loss.

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