A Guide to technical indicators and other useful studies
Our comprehensive advanced technical analysis E-book outlines in—depth description of profound technical analysis concepts and shows how they can be applied with maximum efficiency. The e-book is intended to help traders grasp the idea behind what we believe are the most important technical analysis tools and studies and become familiar with concepts which have grown to become indispensable to successful trader. The eBook strives to provide detailed description of such frequently used tools as Bollinger Bands, RSI, Fibonacci and Elliot Wave but does so by using as simple language as possible to make it accessible for both pros and newbies alike.
- Covers a wide range of concepts on technical analysis and presents complex ideas in a highly accessible language to the average reader.
- Offers useful information on technical indicators, chart patterns and candlestick charting, supported with practical examples and a focus on the aspect of practical application.
- A must-read for traders in the true sense of the word.
Basics of Cryptocurrencies
Cryptocurrencies, or digital currencies are means of digital exchange. Cryptocurrencies have sparked interest of millions of players recently with Bitcoin craze dominating the news headlines in 2017. Where there’s demand, there’s supply, and with cryptocurrencies garnering significant public attention, the last years saw the emergence of various cryptocurrency exchanges with diverse trading technologies and payment methods. Some believe cryptocurrencies are the future of global financial system while others remain suspicious of this novelty and claim them to be a bubble designed to rip investors off.
Your E-book on the basics of cryptocurrencies has everything you need to get basic insights into the world of cryptocurrencies and familiarize yourself with their origin, principle of operation and history.
Basics of Technical analysis
There are two primary ways to analyze price of financial instruments and make investment decision: technical and fundamental analysis. While fundamental analysis relies solely on external factors, like social, political or economic forces to determine the future price movements, technical analysts rely solely on charts and historical price movements to determine future prices.
Technical analysis may look complicated for beginners in the field, but in reality technical analysis studies the very common foundations of markets – Supply and Demand. In short, technical analysis attempts to determine the sentiment behind the price’s trend rather than taking into consideration external fundamental attributes.
In our basics of technical analysis E-book we have compiled the most basic notions of technical analysis which we believe every traders needs to know. From candlestick charts to support and resistance, we have everything a trader needs to know in order to succeed.
Full Guide to Cryptocurrency Trading
Anyone getting familiar with Bitcoin and other cryptocurrencies should be aware of how prices are moving and know at which rates to buy or sell. Some just follow the news and hold with the expectation to sell in the future while others take advantage of short-term movements in attempt to speculate with potential to make profit within the shortest time possible. Either way, both categories need knowledge to understand when is the right time to buy and sell.
To serve the needs of the above-mentioned we have prepared a full cryptocurrency trading guide e-book where we have compiled everything we believe a trader might need to build a healthy cryptocurrency trading strategy.
Fundamental Analysis and Its use in Crypto
While there are many ways to determine future direction of price, learning the external fundamentals behind price movements may lay the foundation for future success.
Fundamental analysis is an assessment of political, social and economic environment of the market aimed at determining a factor or group of factors which influence the price. This is very different from technical analysis in that the former is based on the assumption that all future price movements are inherently visible in the price chart and that foundation for future movements has already been laid by the historical price fluctuations.
The application of fundamental analysis may differ depending on type of market and its conditions. For example, the Stock market fundamentals are mainly based on analyzing company’s performance and its earnings reports, evaluating quality of company’s assets and potential growth. Currencies on the other hand are driven by external economic factors in both micro and macro spectrum and are less vulnerable to short-term shocks.
When evaluating bitcoin, though, investors are keen to evaluate key aspects of the cryptocurrencies underlying technology, for example, how its scaling challenges might affect the digital currency’s value.
In this EBook we have compiled the most essential concepts of fundamental analysis including those which can be successfully applied in cryptocurrency trading. Trading volume, market capitalization and impact of governmental regulatory policies on price of Bitcoin and other cryptocurrencies – a must read compilation for all those willing to learn and reach success.
Candlesticks for Support and Resistance
Japanese traders have been using the candlestick charting technique for hundreds of years. Candlestick charts, much like the bar chart equivalent, utilize the open, high, low and close activity to plot a period (usually a day). In candlestick charting, unlike bar charting where the highs and lows tend to be the focus, the opens and closes are the most significant.
Much of candlestick analysis revolves around the search for, and identifying, reversal patterns. Many of the distinctive terms associated with candlestick charting come into use with reversal patterns. This is where the real difference between candlestick charting and bar charting comes into play. However, candlestick analysis can offer more than you think. Most technicians use highs and lows for support and resistance points as part of their basic charting techniques.
This eBook is dedicated to introduce chart patterning techniques employed with candlestick charts charts. You will learn basic candlestick models, learn the significance of these models in identifying support and resistance, understand how resilience of support and resistance levels depends on the final candlestick formation and learn how to apply this knowledge in everyday trading.
Divergence, which is a term that technicians use when two or more averages or indices fail to show confirming trends, is one of the mainstays of technical analysis. Here’s a new way to use oscillators and divergence as well as methods to locate entry levels during a trend.
Most technical indicators mirror or confirm price movement. When price moves up, the indicator moves up; when price moves down, the indicator moves down. When prices peak, the indicator peaks; and when prices bottom, the indicator bottoms. Sometimes, however, a discrepancy occurs between price and indicator movement. That discrepancy is known as a divergence and can be seen most clearly on overbought or over-sold indicators as well as on indicators that move above or below a zero line. The main benefit from this analysis comes from the fact that it is not lagging. Similar to price action,divergences could be very useful in predicting future price behavior and foreshadow potential reversals.
The information contained within this eBook will teach you all you need to know about indicator divergences and use it properly as part of your trading strategy. You will easily grasp the underlying concepts and will stop divergences with relative easy, which might really lend a helping in forex and cryptocurrecny trading
Principles of manageable trading discipline
What is discipline? Discipline can be defined as an activity, exercise, or regimen that develops or improves a skill. Discipline is a form of training that sharpens and automates your skills essentially turning them into part of your trading routine. Developing a proper trading discipline lays foundation for consistent trading strategy which makes the entire experience a smooth and uninterrupted process, which otherwise would have been a mess without solid set of rules involved.
The loss of discipline can reflect a problem with your trading habits. Discipline for a trader is really no different than that of someone on a diet trying to lose weight. Someone dieting may eat the wrong foods, avoid exercise, etc. If you are taking the right action at the right time, there is little need or desire to deviate from the plan. But if you are not following your plan, it’s very easy to lose that discipline. Adhering to your trade plan is a key element to maintaining discipline. When you are calm, confident, and patient in your daily trading routine, remaining disciplined becomes a simple task. This is a major step towards improving your trading results.
Trend Analysis Theory – Peaks and Troughs
When you look at almost any chart, it’s fairly evident that prices do not go up and down in straight lines, but move in zigzag patterns instead. During a bull trend, a rally is interrupted by a correction in which part of the advance is retraced. This is then followed by another rally, after which a subsequent correction follows, and so on.These are the peaks and troughs. As long as a trend experiences a series of rising peaks and rising troughs, it is considered to be intact. However, when the series of rising peaks and troughs is replaced by a series of declining peaks and troughs, the prevailing trend has reversed.
A guide to healthy trading psychology
The psychological aspect of trading is extremely important, and the reason for that is fairly simple: A trader is often darting in and out of stocks on short notice, and is forced to make quick decisions. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so that they stick with previously established trading plans and know when to book profits and losses. Emotions simply can’t get in the way.
When a trader’s screen is pulsating red (a sign that stocks are down) and bad news comes about a certain stock or the general market, it’s not uncommon for the trader to get scared. When this happens, they may overreact and feel compelled to liquidate their holdings and go to cash or to refrain from taking any risks. Now, if they do that they may avoid certain losses – but they also will miss out on the gains.
This E book will help you to overcome basic psychological pitfalls the trader may face and build a proper mindset for manageable trading psychology