Predicting Market Direction

prasham

Active Member
#1
Hi Guys,


I am a newbie trader studying option trading. I've learned some basic strategies to make some profits. I've done some paper trades as well but success ratio is pretty poor due to poor directional guess. Thus I think I need to learn some basics of Technical Analysis to be able to judge the market direction (for short-medium term).

Initially I don't wish to go too much deep into Technical stuff so please suggest me some simple indicators which can give me hint of the market direction. BTW I have downloaded OptionOracle to check my strategies and Aptistocks for TA.

Please help.
 

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