How to improve your technical analysis skills in foreign exchange trading?
Thanks for the invitation. If I go further on this question, I have a personal suggestion first: read a few books (ranked in order), "The Self-disciplined Trader" - "A Dream in Ten Years" - "Biography" - "Memoirs of a Stock Master". If you think it's too much trouble, read "The Self-disciplined Trader" and "Biography".
Why? First of all, there is one thing in common in these books: to understand and fill one's own cognitive system, and the method will naturally come. As the saying goes: there is Tao but no art, the art can still be sought, the art has no way, and it stops at the art. - Lao Tzu's "Tao Te Ching". If you read these books, I believe there will be a three-dimensional understanding of your question. Take your questions to read these books.
Again, why do you need to understand yourself first and then understand how prices work? Ever heard a story? The story of a couple and a donkey.
How to understand it? Riding a donkey or not, how to ride a donkey is a variety of methods; and those who gossip can be understood as the market, the top gifter of your account, your changing mentality and other unknown situations. So there is no problem with the method itself, learn whatever you want, just like how to ride a donkey. Reading books and reviewing are methods, actual combat, summary, recording, reflection, these are also methods, all of which must be available!
To see changes in all aspects of you from the recorded funding curve; to reflect on providing more hypotheses and envisioning improved solutions by reviewing; to test these solutions in practice; to read books to consolidate and correct your ideas (from multiple angles); to deepen the impression through communication, sharing, writing... These are all necessary methods to improve your ability.
But! Back to the topic! You must understand what you need in your philosophy and system! (This article is from: Forex Academy) instead of just learning methods to improve your ability, the end result is the husband and wife in the manga. As soon as the outside world changes, you don't have the backbone to change! If you don't have that clear purpose (how to ride a donkey, who likes to say what to say, I do my own technology, and I need the conditions in my technical system...).
The above books have nothing to read. After reading, look at the "Wave Theory", "technical analysis of the future market" and other books that simply teach technology. Through comparison, I believe that there will naturally be a three-dimensional answer.
Besides, there are no shortcuts in the trading market. Don't expect to improve by sharing your experience with the "great gods". If it's that simple, no one will lose money! Therefore, seek the inner (Tao) first, and naturally you will have the outer (Technique), just like you have eyes and brains, and you must also have a concept of beauty before you can judge that trousers and slippers are not good-looking. Otherwise, you are the couple who can ride a donkey even if you have a donkey, but don't know if you should ride it or not. And this is how you can improve your own market technical analysis skills. Honestly, first understand yourself, clarify your needs and goals, and establish a concept. Technical analysis will naturally be available, or simply learn a trick or two. Only by knowing yourself and knowing your enemy can you be sure of a hundred battles.
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Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
