So far, we've covered the importance of market timing and the need to trade according to the current trend. But when exactly should you be buying or selling a security? This brings us to the topic of support and resistance zones.
Support…
https://synapsetrading.com/wp-content/uploads/2015/05/support-resistance.png7091269Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2015-05-29 08:00:252021-02-13 13:43:47How to Draw Support and Resistance Levels
What is the one rule that all professional traders use, but many retail traders forget, or are simply unaware of?
We all know that the goal of trading is to make money, and as long as you have an edge in the market, you will be profitable…
If you want to make money by timing the stock market you need to follow the trends.
Buying and selling creates its own momentum and a market that's moving up or down is likely to keep moving in that direction for a certain period of time.
What…
The price of every stock or financial product fluctuates over time, and no matter how strong a stock is or how solid its fundamentals, you can only make money when the stock goes up in price relative to where you bought it. That's why it's…
Reading financial statements is one thing; analyzing them and deciphering their true meaning is another. To do that, you need to understand the seven essential financial ratios. They're like a shortcut for filtering out good stocks.
The…
