InvestorQ : I m a beginner and I want to learn technical analysis please suggest me the topics from basic to advance
Abhishek marturkar made post

I m a beginner and I want to learn technical analysis please suggest me the topics from basic to advance

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Ashoka Patkar answered.
4 weeks ago
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You should begin step by step, I’m assuming you have learned the very basics about the stock market and have applied it practically. To perform technical analysis, you need to be more active or rather I say, proactive.
I cannot stroll you through the entire technical analysis process, but I can sure give you the highlights of it:

  1. The first thing that one needs to choose is to choose the right approach, you need to decide which approach could be right for you.
  2. Secondly, you need to determine the right strategy. You need to track the changes in the market, how it reacts to different events happening around the world, and then you need to decide the right strategy.
  3. Now you need to decide the right securities, identify which securities you want to trade-in and whether or not your opted strategy will fit its position.
  4. Find a suitable brokerage firm for you.
  5. Now, you have to track and manage your trades to analyze how well your securities work.
  6. Decide on additional software or tools.
  7. Tips and risk factors should also be decided.
  8. Decide the bottom line for your trade.
Technical analysis involves many risks and continuous monitoring of the market, so it will require a lot of effort to excel and remember patience is the key here. You will also need professional guidance to help you in the analysis.


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