There are tons of technical analysis publications out there that contain all kinds of tips & tricks, but not all of them have been proven. I've seen many publications that claim to have "the secrets" to technical analysis that, when taken from the outside, look very logical & sound. But when you actually implement it, you find out it's just another way of looking at the same information. Here are some tips that may surprise you. Check out
itigic.com to get started.
First of all, in technical analysis, it's important to identify what a stock is actually worth. Technical analysis doesn't usually focus on valuation, because it's too hard to figure out on a daily basis. Instead, they mainly focus on patterns in price movements. They try to find these patterns and price trends and eventually, figure out what a stock is actually worth based on the evidence.
But as technical analysts, we don't analyze the market daily. It doesn't make sense. Why would anyone want to invest in a company and make no profit for the next 6 months? The point of technical analysis is to look for patterns and price movements over time. If you're able to spot these patterns and price movements over time, then you can use technical analysis to make educated guesses about what the stock might be worth at any given moment.
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Some technical tips & tricks of fundamental analysis, however, are worth repeating. Always pay close attention to what news companies are saying. How are they marketing their stock? What are their targets and objectives for the stock? Do they appear to be overly dependent on quarterly earnings reports or will they give themselves points for positive quarterly numbers?
And don't forget that one of the most important aspects of technical analysis is price. You need to stay well-versed in what makes a stock go up and what causes it to drop. Many technical analysis courses will spend a lot of time talking about the P/L of a company. Pay attention to the financial statements and focus on what kind of tangible assets the company has compared to its current market value.
Don't get into technical analysis before you've done your homework. There's a lot of valuable material that can help you become a better trader. But remember that technical analysis is only one aspect of sound trading. You should always have a plan for trading, along with a clear strategy for executing it.
To read more, go to
http://www.huffpost.com/entry/five-reasons-to-outsource_b_3957805.