Post
Topic
Board Trading Discussion
Re: Where to study trading and technical analysis?
by
BlockEye
on 27/07/2017, 23:03:40 UTC
I'd be careful trying to learn trading from youtube or investopedia. Actually I'd avoid it all together. There's tons of great information on both sites, but also equal amounts of garbage. Avoid TA, or if you insist on using it read "Evidence-Based Technical Analysis" which will give more insight into how to actually judge the value of TA methods (spoiler: most simple methods like macd cross over are garbage). Put 90% of your capital into a hodl account, something you wont touch for a few years. Use the other 10% to play with trading. Demo accounts are about as helpful as trying to play poker with fake money. Without the emotion or skin in the game, you play differently. Most importantly, don't rely on emotions to trade. Learn how to backtest and learn how to translate what you think the market will do into a testable method.
Sometimes that reading or watching videos which actually helpful. We can try to ask someone whom we know successful or have knowledge on it. Well it will depend if we have a colleague who knows it or we can ask someone to tutor us if it's too hard to grasp how to do it, learning ut takes time and courage. It is indeed hard to study it but it's definitely worth it.