G'day, if you are just starting out, have a bit of a look around first, and see what types of analysis are on offer, and find one that makes good sense to you (there is no serious hurry yet) then pick one one out, and become very proficient at it.
There are many different types of chart analysis around, and none are easy to master, and none are absolutely perfect (in the end charting deals with the probabilities of something happening....and nothing is guaranteed, especially in the markets).
This thread is for Wyckoff/VSA analysis, which attempts to read what the chart is saying about itself, using the spread of the bar, the position of the close, and the amount of volume.
Also have a good hard think about what you hope to get out of the stock market, because over a longer period, you will only get out what you put in, in any timeframe you choose - from day trading right through to longer term holds, and everything inbetween (this is no easy journey, and the professional traders will take your money as quick as possible if you allow it).
As far as reading and research material goes, if you read through this thread, there have been many mentions of material available, often with links provided.
If you choose another route, gimme another yell & perhaps I can suggest something (or at least suggest some other traders to ask)
Just remember, when trading in the markets, you will be matching skills with some of the best and most skillful traders in the world (depending on which markets you eventually trade), and they will attempt to wrong foot you when ever possible.
So be conservative, put the probabilities in your favour, don't take unnecessary risks, and be patient where possible.
cheers
- Forums
- General
- Wyckoff trading method
G'day, if you are just starting out, have a bit of a look around...
-
- There are more pages in this discussion • 2,014 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online