What should you study before you start trading?
(a) Analysis
(b) Different combinations of analysis
(c) Reading charts
(d) Indicators
(a) What is Analysis?
Detailed examination of the elements or structure of something. In other words; examine anything complex in detail to understand its nature or its features.
a, Helps to avoid trade based on emotions like fear, greed or hype
b, Helps to identify opportunities
c, Helps to evaluate Risk and Reward
d, Helps to test the strategy
e, Helps to trade with confidence
f, Helps to spot the market changes
- Different types of analysis
a, Fundamental Analysis
b, Technical Analysis
c, Quantitative Analysis