Two terms you hear a lot about are support and resistance. Basically, they are points on a chart where the probabilities favor at least a temporary halt in the prevailing trend.
The #1 reason traders fail is due to lack of experience. The best way to speed up your learning curve is to keep meticulous records using a trading journal.
I wish I had a dollar for every time I’ve been asked what tools I use to trade. It would be easy money because my answer is always the same: chart patterns and volume.
By Tim Racette The Market Internals are similar to the instrument cluster on your car, without them you really don’t know which direction you are headed or how fast you’re moving. There are four indicators that make up the core market internals: – Breadth Ratio – Advance/Decline Line – Trin – Tick Each indicator has … Read more