PLs do help,

sub2501

Active Member
#1
hello everyone,
I'm new to traderji, also i'm a trader and trade depending on fundamental analysis,I want to trade by technical analysis(Chart), but have no idea on technical analysis, can anyone say what should i do to understand the technical analysis, well abt me I'm only 10+2 qualified,
Thanks.
 

AW10

Well-Known Member
#2
Welcome to the forum.
Technical analysis is more about understanding price behaviour by reading the price charts. There are many indicators (resulted from peoples attempt to understand price behaviour mystery by using some or other sort of calulation).

In my view, as long as one can understand universal law of demand and supply coupled with skills to understand the ups and downs of human emotions, it is not difficult to understand the price action.

Academic background has absolutely no constraint here. Certainly basic arithmetic and business skills are required.. and I am sure u are overqualified with them.
Key to trading success is ability to maintain discipline and follow your properly tested rules.

Feel free to raise you doubts/ questions here and the members will jump to provide you answers.
To start with, please go thru the "Teach a man to fish..." thread by Saint. He has beautifully explained the logic of price bahaviour.

Happy Trading
 

sub2501

Active Member
#3
Thanks for the support. Well may i pls know what should i do to understand the technical moves. Any books/sites to understand the technical.
 

AW10

Well-Known Member
#4
I have given the name of thread "Teach a man to fish...." as starting point.

Refer to Beginners section of this forum. There are good material available. Also chk out the thread by Haribird on this topic.

http://www.traderji.com/beginners-guide/9373-new-members-please-read.html

http://www.traderji.com/beginners-guide/23815-absolute-beginner-guide.html

There are 1000s of book available on trading but that may start confusing you.. so start with teach a man to fish...
Once you digest that, then follow some of the Nifty futures trading related thread on forum and observe how people trade the concepts..
Keep raising your doubts and others will clarify them.

Whatever path you choose, plz don't start trading before u understand stoploss, risk management, position size etc.

Happy Trading.
 
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