Technical analysis for everyone: How to use the basics of technical analysis to read charts and better understand financial markets

By Stefano Calicchio

At last, a guide designed to offer an accessible and comprehensible approach to technical analysis, ideal both for beginners and as a review tool for more experienced traders. With clear language and a well-defined logical structure, this manual accompanies the reader into the world of technical analysis, providing the tools needed to understand and apply this discipline effectively.

In these pages, you will find:

    - An overview of the basics of technical analysis and its application in trading on a practical level;
    - A detailed guide on how to start reading charts and recognising market trends;
    - An analysis of the most commonly used indicators and tools to outline future price movements;
    - A set of practical trading strategies suitable for both beginners and experienced traders;
    - Advice on how to develop a customised trading plan and adapt it to your investment style;
    - Practical exercises, concrete examples and case studies to facilitate the understanding and application of the concepts presented in the book.

The guide is an essential handbook for anyone wishing to acquire a solid understanding of technical analysis and use it successfully in trading. With a direct and practical approach, this book will help you develop the skills you need to move more confidently into the world of investing and finally understand how technical analysis works and what this discipline can do for you.

• Language: English
• Publisher: Stefano Calicchio
• Release date: Jan 31, 2024
• ISBN: 9791223002049

Book preview

Disclaimer

This book in no way constitutes advice or solicitation of public savings. Trading on the stock market is a risky business. What is shown within this manual is the consequence of years of study and operation, so there is no guarantee that such results will be achieved. The past results obtained by the author do not provide any kind of guarantee for future earnings.

The reader is fully aware of and responsible for his or her own economic and financial decisions, i.e. aware of the risks involved in any type of operation.

The case studies and examples contained in the text are based on facts and opinions that may be changed at any time without notice and do not constitute a solicitation to buy or sell securities or public savings.

The rationale for presenting such cases is to provide insights into the markets, so they cannot be regarded as firm predictions and do not shelter against the risk inherent in stock market investment activities.

With the presence of this disclaimer, the Author disclaims all liability for possible inaccuracies in the data reported, damages, economic losses, direct or indirect damages resulting from the use or disclosure of the information contained in this book.

Introduction

What is technical analysis? Why is it important to know its basic principles? What notions can be used by those who want to educate themselves before investing? This book brings together the know-how and knowledge required to resolve the questions just raised.

Technical analysis is an important tool for understanding markets. It has its limitations and advantages and can offer important support to investors, but only if you understand how to use it. Many people initially think that this subject is too complex, difficult or enigmatic for the uninitiated.

In fact, anyone can approach this subject and benefit from knowing its rules and methodologies. Of course, there are certain things that beginners need to understand in order to use it. This is because technical analysis is not limited to using statistics and charts in order to identify investment signals.

Beginners will first need to understand what characterises this particular approach and how it differs from other methodologies, such as fundamental analysis. In addition, it will be crucial to understand how to use this knowledge and how to handle it psychologically.

The idea behind this guide is to offer a simple, step-by-step and practical method to approach the markets according to the theory of technical analysis and to understand its basic workings. In addition, on the following pages you will find out how to maximise your knowledge of technical analysis. The aim is not to provide a list of notions, but rather to explain how the basic principles of technical analysis can be applied at an operational level.

For this reason, in the course of reading, the reader will be urged to delve into key concepts, to consider (using practical examples from market history) how this knowledge can be applied, and to carry out in-depth research on the web.

The intention is therefore to provide useful concepts to obtain the knowledge base necessary to understand what technical analysis is, and then apply its principles in one's own operations.

It is indeed very important to understand the operational limits of this subject. In most technical analysis guides you will find many explanations of statistical and graphical operational techniques for interpreting the markets, but often this body of knowledge risks confusing rather than providing concrete help. While it is true that technical analysis offers many analytical insights for investing, it is rarer to find those who warn the reader against the abuses dictated by an incorrect use of these theories.

Thus, this handbook was created to explain in a simple and accessible way how to evaluate an investment on the basis of technical analysis and how to use this information alongside other analysis tools to understand the workings of the financial markets.

In doing so, the hope is to offer non-professional investors keys to interpreting the markets, which can on the one hand facilitate the selection of assets with increasing value, and on the other hand provide useful cognitive resources to stimulate their reasoning skills.

The ultimate goal is for this text to be simple and accessible to understand, but not simplistic. Above all, I would like the information contained here to highlight the fallacy of those who propose superficial anticipatory techniques and asset selection

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