When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
This is really a good thing that you have managed to learn so many things before even getting into the world of trade. It is rightly said that if you will keep on getting more and more knowledge and awareness regarding the things before starting your trading carrier and even after that, you will no doubt be able to make some very good carrier in trading and that it will help you in making of a huge money too.1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
I agree. For me, I think the best way is to start slow as a newbie; you should take each deal as a guide, like a stepping stone from bigger trades and ventures, rather than eyeing to get it all done in one big trade. As a newbie, you still have a lot of areas left unchecked to learn, and therefore, since every deal or trade involves money, you should think of them as critical and delicate moves rather than just trying to wing things out. The fact that the trade market is one of the more dangerous markets to be in because the prevalence of losing your venture is quite high, then you must really be technical and sure before doing any trades.