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Understanding Price Action by Reading Charts
Thursday, April 5, 2018
Expert: Barry Norman Hosted by: CMSTrader- Forex
- CFD
- Technical Analysis
- Beginners
- Intermediate
There are some building blocks that every trader needs to understand. These are your foundation to success. These concepts are important to understand and interpret price action. These key elements help you build a roadmap so that you do not get lost and just like a roadmap the more details you add the more successful your trip will be. These concepts have been divided into 3 classes ranging from charts to trendlines and support and resistance.
To achieve success in today's forex, CFD and trading arenas, one must be proficient in reading and more importantly understanding chart patterns and basic technical indicators. In this class, we will learn just a few basic points to help your understanding of technical analysis and chart reading. If you think of your chart as a roadmap to success. The more detail and the better your read the charts the less likely you are to get lost.
Price reflect the perceptions and action taken by the global speculators. It is the tug of war between buyers and sellers in the trading pit that creates price movement. Meaning that all fundamental factors are quickly discounted in price. By studying the price charts, you are indirectly seeing the fundamental and market psychology all at once - after all the market is feed by two emotions - Greed and Fear and once you understand that, then you begin to understand the psychology of the market and how it relates to the chart patterns.
Be aware trading carries risk and not all strategies or rules work the same every time or have the same results for each trader. You should always understand your risks.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
To achieve success in today's forex, CFD and trading arenas, one must be proficient in reading and more importantly understanding chart patterns and basic technical indicators. In this class, we will learn just a few basic points to help your understanding of technical analysis and chart reading. If you think of your chart as a roadmap to success. The more detail and the better your read the charts the less likely you are to get lost.
Price reflect the perceptions and action taken by the global speculators. It is the tug of war between buyers and sellers in the trading pit that creates price movement. Meaning that all fundamental factors are quickly discounted in price. By studying the price charts, you are indirectly seeing the fundamental and market psychology all at once - after all the market is feed by two emotions - Greed and Fear and once you understand that, then you begin to understand the psychology of the market and how it relates to the chart patterns.
Be aware trading carries risk and not all strategies or rules work the same every time or have the same results for each trader. You should always understand your risks.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.