In this Face2Face video, our speaker Mr. Michael Covel will talk about technical analysis, price action, and its significance in the stock market. This will be a mix of stock trading, famous investors and their strategies, and how to use strategies and techniques in the stock market for maximum profits.
Technical analysis is a trading strategy used to assess financial investments and spot trading opportunities in price movements and chart patterns. According to technical analysts, a security's previous trading activity and price changes can be useful predictors of the security's future price moves. The movement of a security's price plotted over time is known as price action. All technical analysis of a stock, or commodity is based on price activity. Many short-term traders base all of their trading choices solely on price movement and the formations and trends that can be drawn from it.
The discussion will also include momentum, trend, and the influence of the big bulls in the stock market. It is necessary to understand certain financial sector factors that affect the profit and loss statement. A profitable trend should be followed by a trader for a better run-through in the market, so that they are aware of the ups and downs and when they should take the right move. He will also talk about Pit traders who were initially scalpers.
The fundamental principle of trend following is to purchase an asset when its price is rising and to sell it when it is falling. Traders who employ this strategy frequently use technical analysis tools and indicators to spot trends and decide when to enter trades. To know more about the profitable trend and ways to generate income watch our video on How to become a Profitable Trend following Trader?