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Beginners guide to technical analysis

Overview

In this course you’ll learn the basic concepts of technical analysis. Think of these lessons as your foundation to build off of if you decide to continue on with your study of technical analysis.  If you understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills that may help you be a better trader or investor.

Objectives

When you complete this course, you will:

  • Become familiar with the basic terms and concepts of technical analysis
  • Know the strengths and weaknesses of technical analysis
  • Be able to apply these techniques to assist you with your trading or investing
Course Outline
Title Type Highlight
1. What is Technical Analysis? Article
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There are three basic tenets that technical analysis is built from. You have to subscribe to these if you want to use technical analysis.

There are three basic tenets that technical analysis is built from. You have to subscribe to these... More
2. What are charts? Article
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There are many different types of charts used in technical analysis. In this lesson we'll cover the three most popular types - line chart, bar chart, and candlestick chart.

There are many different types of charts used in technical analysis. In this lesson we'll cover the... More
3. Basic concepts of trend Article
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One of the most important concepts in technical analysis is that of trend. You've probably heard a couple of sayings involving trends - "The trend is your friend" and "don't buck the trend." They both mean the same thing, you want to trade with the trend and not against it.

One of the most important concepts in technical analysis is that of trend. You've probably heard a... More
4. Support and resistance Article
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Pay special attention to the Psychology of support and resistance section. We'll attempt to explain the emotions and psychology behind support and resistance and technical analysis in general.

Pay special attention to the Psychology of support and resistance section. We'll attempt to explain... More

Technical analysis focuses on market action — specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering which stocks to buy or sell, you should use the approach that you're most comfortable with. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Past performance is no guarantee of future results.

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