How do I learn more about Technical Analysis?

General
2

Hi,

There is no specific method or short cut to learn about technical Analysis you just need to understand the terminology and patterns by understanding the market trend.

3

Honestly, learning something is a never ending thing for any subject at any age. To start with techincal analysis on stocks one should start with drawing trend lines on the simple price chart. Trend lines joining supports and resistance and extend them to right. In future u will find that this very trend line is fullfilled if at any time the price is testing . ( it will show that ur trend line is valid ). The more u draw trend lines more u will try to capture charts with ur naked eyes. and u will be identifying the patterns, too ( because patterns are also a part of trend lines ) . Once u gasp the trend lines u will start knowing what is support/ resistance/ patterns/ .Then comes the learning of indicators like bands/ avergaes/ atrs/ momentum indicators/ oversold and overbought definition. The last and foremost is the VOLUME,,sab ka baap!!! To understand VSA  is the toughest and best which will show u what the volume indicates whether smart money in or out. Whether the volume is for buying or selling or profit booking or short covering. 

After this all is done ones naked eyes will  determine the peak and bottom of the stock!!!!! Below is a link where one can learn the primary and secondary part of technicals analysis of stocks

http://stockcharts.com

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4

This question is in line with another question. You can refer http://tradingqna.com/353/what-are-the-main-considerations-in-technical-analysis.

Also you can spend time on learning candlestick patterns and chart patterns.

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5

Technical analysis is an empirical science. More and more time you'll spend on charts more likely you're going to find a co-relation. Do not expect to read about a  technical indicator and go live next day with it. It'll take time before you can adjust it with your trading style.

In any form of analysis no one indicator or piece of information can act as  a sign of stock's future direction.

Read about Dow Theory, technical analysis today is said to be based on this theory.

Some websites I can suggest you are:

  • http://www.stockcharts.com
  • http://www.investopedia.com
  • http://vantagepointtrading.com/tutorials
  • http://www.tradingsetupsreview.com
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