Post
Topic
Board Trading Discussion
Re: How to become a trader?
by
doyouslide
on 31/07/2018, 22:49:17 UTC
That's a great starting knowledge.

Study the following,

Chart pattern and formation
 Head and Shoulders, Cup and Handle, Double Tops and Bottoms, Triangles, Flags & Pennants, Wedges, Triple Tops & Bottoms

Chart Indicators
 MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), On-Balance Volume (OBV), Moving Averages

Support and Resistance
 Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.

CandleStick Reading
 Candlestick charts are a technical tool that pack data for multiple time frames into single price bars.

Read more about the following in https://www.investopedia.com/
Good luck!