The Basics of Trading

[IdesseBix]

Hi all

Techcherry has asked me (well I offered) to do a step-by-step guide on how trade.

BEFORE I START: I want to point out that this is NOT going to be a Holy-Grail, and you will be disappointed if you think it is.

Also, don't invest your money based on anything I say. Remember it is your own money on the table and not mine!!

Thirdly and most importantly. Anything you learn within this thread must not be used against me in any Trade2Win competition!!!! I want to win occasionally.

Ok, now the legal stuff is out of the way. I would like to say that there is no right or wrong answers in the market. The important thing is that we share our views, and all learn together.

If at any point I miss out something, or I haven't explained something clearly enough, then please post a question. A Chinese saying says Quote:
A man who asks a foolish question is foolish for a minute, a man who doesn't ask a question will remain foolish for a life-time
...and this is something I really want to embrace.

[ihsttcwn79]

Hi all

Techcherry has asked me (well I offered) to do a step-by-step guide on how trade.

BEFORE I START: I want to point out that this is NOT going to be a Holy-Grail, and you will be disappointed if you think it is.

Also, don't invest your money based on anything I say. Remember it is your own money on the table and not mine!!

Thirdly and most importantly. Anything you learn within this thread must not be used against me in any Trade2Win competition!!!! I want to win occasionally.

Ok, now the legal stuff is out of the way. I would like to say that there is no right or wrong answers in the market. The important thing is that we share our views, and all learn together.

If at any point I miss out something, or I haven't explained something clearly enough, then please post a question. A Chinese saying says Quote:
A man who asks a foolish question is foolish for a minute, a man who doesn't ask a question will remain foolish for a life-time
...and this is something I really want to embrace.

[imqucuneq]

The above just shows how a bar or candle is created. The up candles have light or hollow "bodies", where as down candles have dark or filled "bodies"


Ok onto the technical stuff, Support, Resistance and Trendlines

Support:

Support is a level on a price chart, that price hits and finds a large amount of buyers, and hence the price starts to rise again

[irmakilu]

Hi f...tsuie!!!

Very good, simple and approchable, if any day you decide to quit in the trading world I'm sure you have a future in teaching...
1. the big black line its theneral trend which I believe its a upwards...
2. the red one which is after the resistence point the reverssal efect a big & fast fall in the price share, which I believe will see for the next few days continuing...

This is my first interpretation, please correct me ...

[ixoavapow]

Hello everybody,

This is my first post on the T2W boards. I have never traded a share in my life, not directly anyway, but I find the whole topic of trading addictive reading.

This is my first attempt at technical analysis so feel free to laugh

AAL has been steadily moving upwards for the past six months, therefore I would wait and see if it dips below 862 and buy it on the way up at 862. I would then hope to hold it for 2 weeks and sell at 950 (which is a little lower than my resistance level).

From everything I have read about trading I believe it pays not to be too greedy and pick a realistic target to sell at before buying. Hence I would sell at 950 and be v. happy with ~10% profit.

[admin]

thank you for basic trade information.