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How to learn Tech. Analysis ?

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  #1  
Old 20th August 2006, 08:53 PM
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Default How to learn Tech. Analysis ?

Hello !
I want to learn Tech Analysis. Can anyone tell me which books to refer and
which course to be done ? Which software to buy, prices & availability of these softwares.
Reply awaited,
Thanks,
Tushar.
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  #2  
Old 20th August 2006, 09:57 PM
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Default Re: How to learn Tech. Analysis ?

Quote:
Originally Posted by tushars82 View Post
Hello !
I want to learn Tech Analysis. Can anyone tell me which books to refer and
which course to be done ? Which software to buy, prices & availability of these softwares.
Reply awaited,
Thanks,
Tushar.
Dear Tushar,

To start with you can use free sotware FChart. Download from - http://www.spacejock.com/files/FChartsInstall.exe

Read from - http://stockcharts.com/education/Overview/index.html

Some senior members will help you further.

Regards,

K S Kachhwaha
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  #3  
Old 20th August 2006, 11:54 PM
aad aad is offline
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Default Re: How to learn Tech. Analysis ?

Quote:
Originally Posted by tushars82 View Post
Hello !
I want to learn Tech Analysis. Can anyone tell me which books to refer and
which course to be done ? Which software to buy, prices & availability of these softwares.
Reply awaited,
Thanks,
Tushar.
Dear Tushar82,

Plenty of books available and each will take you to a further height in understanding market better. U will find many useful threads under Technical Analysis and books sections. I suggest you go through books which are suggested by senior members of this forum (like traderji himself, vvonteru, saint, murthymsr to name a few).

And... study of Technical Analysis will only prepare you in 1 of the 3 most important requirements of a successful trader viz. Mind, Method (Technical Analysis falls here) and Money Management. We have to be equally good at ALL of these 3 failing which, we (I am also included) cannot be a successful trader. So, while concentrating on Method, pay attention to other 2 aspects as well.

If you ask me, hone your Money Management skills first. This will ensure you will trade for longer time even if your decisions go against you. This is especially so because learning TA is a gradual process. You cannot master TA by reading books alone. You will have to apply them in practice and see the results before moving onto the next level. Here, if you do not have your Money Management rules in place, you might get hit by an adverse move (even if your analysis is perfect) resulting in loss of confidence (and capital) which is proportional to amount lost.

Regards,

Abhay (AAD)
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  #4  
Old 22nd August 2006, 06:13 PM
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Default Re: How to learn Tech. Analysis ?

Dear Aad & Kachhwaha,
Thanks for your help.I have installed amibroker and fibotrader on my pc,since link for fcharts given by Mr.Kachhwaha wasn't working.
But all the charts displayed r of US market stocks.Where can iget data so that i get to see charts of indian stocks in both the softwares.And also can anybody guide me how to use these softwares for studying charts.
Todat while surfing ifound one more software named, Medved Quote Tracker on website quotetracker.com
I don't know much about charting softw. since i am very new, i req senior & exp mem to have a look at above mentioned website.
Responce awaited,
Regards,
Tushar.
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  #5  
Old 22nd August 2006, 07:36 PM
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Default Re: How to learn Tech. Analysis ?

For historical data please visit:
http://in.geocities.com/vichooo_1999/mypage.html

First learn about data management from help file of amibroker. then download the historical data and unzip it. Next open amibroker and file open database and select the folder where u extracted the data.
this way you will see the charts of indian companies.
The next obvious step is to start learning TA.
Initial Syllabus willbe:
What is TA
Types of charts
Timeframes of Data
Moving averages
RSI
MACD
Stockhastics
MFI
CCI
Support and Resistance
Divergences between Price and RSI
Divergences between Price and MACD
The above topics shld take you a week to understand assuming u spend few hours daily.
once you are comfortable with above next step is
Developing a trading plan.
There are lots of threads on it in the forum and you can search for it.
The above is a simple road map towards learning TA.
Cheers
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