Welcome to another issue of Traderwave Weekly, a trading newsletter where I curate the most useful trading articles on the internet to share with you.
Hope you will enjoy all these fabulous reads and apply those knowledge along your journey to become a proficient and profitable trader!
Price action analysis is one of the most fundamental foundation of technical analysis but many new traders are reluctant to learn it as it requires more cognitive effort to try to read the price action.
Most new traders prefer to use solely technical indicators and overlays because it offers a clearer path to decision making.
However, if you are able to learn how to use price action analysis, you’ll at the same time get a better understanding of how the market is thinking and as such, make a more informed decision.
In this article, the author attempted to condense the art of price action analysis into 5 easier to absorb nuggets of info.
Read it and start applying price action analysis today.
Many traders and investors are afraid to buy stocks that are in a clear uptrend because these stocks often looked “expensive”.
Most people will rather buy and average down into stocks in a downtrend as they looked “cheap”. However, they fail to realise the opportunity costs of buying cheaper but lagging stocks.
In this article, the author discussed about how he tries to find leading stocks to minimise his opportunity costs.
If you would like to know why he favours leading stocks and how he goes about discovering leading stocks for potential trading ideas, dive in right now and check out his sharing!
WORDS OF WISDOM
This is the story of how a software engineer left his tech job to pursue the journey as a full-time independent trader.
Nooresh Merani, one of the most prominent trader / blogger in India, shares about his transition into the trading industry, the mistakes that he made during the 2008 financial crisis and his personal trading methodology.
If you wish to get some inspiration of how you can truly grow yourself into a proficient and profitable trader, read on to learn how Nooresh did it.
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- The True Nature About Trading The Financial Markets - August 4, 2020
- Are Fake Breakouts and Reversals Really Fake? - August 1, 2020
- Technical Analysis Is Used To Study Probability And Not Certainty - July 30, 2020