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Everything you need to know about using technical analysis as part of your trading strategy

by , 04 August 2014

When it comes to trading, traders tend to use one of two different strategies. They either use fundamental analysis or they use technical analysis.

With short-term trading, technical analysis does have its advantages. It can help you time your trades, set take profit and stop loss levels, and take advantage of the current trend.

So what is technical analysis? And what are the most used technical indicators that you need to get to grips with?

To find out the answers to these questions and more, read on…


What you need to know about technical analysis


Technical analysis uses the historic prices of a share or other assets to predict future price movements. Whilst it’s not 100% accurate, certain technical indicators have a high success rate.

If you’re a short-term trader, technical analysis makes a great addition to your trading strategy.

The field of technical analysis is a vast one, so to get started you need to understand the basics.


The basics of technical analysis


Here are the five things you need to know to get you started:

What exactly is technical analysis?
What are trends and how can you identify them?
What are breakouts and how can you use them to your advantage?
What are moving averages, and how can you use them to enter and exit trades?
What are Bollinger bands and how can you use them to trade the trend?

For more on what you need to know about technical analysis, check out our vital report here.

And don’t forget, if you have any questions you want answered about technical analysis, you can ask our in-house experts here.

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Everything you need to know about using technical analysis as part of your trading strategy
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