Ready for part 2? Check This Out!
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We are back for part 2! Today, is all about additional analysis and decision! In trading there are two schools of thought when it comes to charting analysis.
1. Fundamental Analysis: The analysis of financial news and economic data
releases in order to make trading decisions.
2. Technical Analysis: The analysis of price levels and technical indicators on a chart.
Step 3: Additional Analysis – In this step we do extra analysis, usually with INDICATORS.
Step 4: Decision – To TRADE or NOT TO TRADE? BUY or SELL?
If we trade, we need to know our Entry, Stop Loss, Take Profit Levels and Risk.
(Part 2/3) – Ask yourself:
What indicators should I use?
How do I get in?
How do I get out?
Should I buy or sell?
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