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!
MACD (Moving Average Convergence Divergence) indicator is one of the most commonly used technical indicator to analyse the potential change of price trends.
Used together with basic price action analysis, MACD indicator could provide the conviction that you need to enter or exit your next trade.
In this comprehensive article, the author explained how the MACD indicator can help you identify a potential trend reversal before it becomes obvious, as well as the step-by-step process that you can adopt to use the MACD trend following strategy with confidence.
So dive in and learn all about this strategy right now to see if this is a strategy that appeals to you!
There is this saying that there are many ways to skin a cat.
In the world of financial markets trading/investing, the same saying is true as well.
For the longest time, we have seen people arguing and taking stand on the merits of fundamental analysis against the merits of technical analysis.
The truth is both can work on its own but probably work the best when used together (provided you know enough of both to use them together).
In this article, the author attempts to offer you a fresh perspective of comparing the difference between the two approaches and how to come to peace with using them in a synergistic way.
WORDS OF WISDOM
Some words of wisdom are just worth repeating over and over again, simply because humans are just terrible at remembering and internalizing key learnings on the first few attempts.
In this great article, the author compiled a list of words of wisdom from legendary traders and attempt to explain and elaborate on them using his own words and interpretation.
You might have come across similar advice before but maybe, a different angle of looking and interpreting these advices this time round might offer you a new perspective and way to internalize the learnings.
So head in and start absorbing these trading tips right now!
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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