Post
Topic
Board Trading Discussion
Re: What are the trading tips for newbies...
by
Life_time_student
on 19/01/2019, 08:29:54 UTC
I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

Financial markets have its own language which is overwhelming in the beginning but comes easy with practice over time.

It has two major parts: Fundamental Analysis and Technical Analysis

- Fundamental analysis is about analyzing any assets/companies fundamentals like annual reports, quarterly performance etc given a financial year.

- Technical analysis is about reading the price charts (graph) of the asset, understanding the masses behavior and psychology etc (the purpose of technical analysis)

Now, let's focus on the most common types of technical analysis and parts of which stock charts/graph is crucial. Line and Candlestick charts are the most widely used one, but the other less common types are bar charts and point and figure charts.

Charts of any financial asset are prices (vertical) plotted over Time (horizontal). There are few ways to represent the Price-Time points of the financial asset like:

1) Line charts

2) Candlestick charts

For detailed guide: https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis