Buying Stocks Online is all about teaching beginners and
intermediate-level investors and traders how to make money trading stocks, more
specifically trading stocks online.
Stock trading price action can be broken down into upward (ascending) trends, downward (descending trends), and choppy trading action.
Choppy trading action generally involves some form of consolidation pattern which is sideways, slightly upward, or slightly downward but in limited price ranges. Trading during periods of consolidation is definitely short term. Some traders make money trading during periods of consolidation, but most traders that trade consolidation patterns trade the breakouts (upside or downside) when the price action breaks out above resistance or below support.
I believe that the best trading opportunities are during trends. Some traders refer to it as trend trading.
Trend traders base their trading decisions on:
Over the course of the next few weeks I'll be presenting a series of posts including:
Stock trading price action can be broken down into upward (ascending) trends, downward (descending trends), and choppy trading action.
Choppy trading action generally involves some form of consolidation pattern which is sideways, slightly upward, or slightly downward but in limited price ranges. Trading during periods of consolidation is definitely short term. Some traders make money trading during periods of consolidation, but most traders that trade consolidation patterns trade the breakouts (upside or downside) when the price action breaks out above resistance or below support.
I believe that the best trading opportunities are during trends. Some traders refer to it as trend trading.
Trend traders base their trading decisions on:
- Price action
- Candlestick formations
- Chart patterns
Over the course of the next few weeks I'll be presenting a series of posts including:
- Trends - what are they and how to recognize them?
- What is the difference between candlestick patterns and chart patterns?
- Chart patterns - what are the various types of chart patterns?
- Trend following patterns - what are they and how to recognize them?
- Trend reversal patterns - what are they and how to recognize them?
- Candlestick formations versus chart patterns - pros and cons
If you would like a copy of this report when it is completed, simply use the contact form in the right sidebar. Enter the following information:
- Your name: first name followed by last name
- Your email address: Where you'll receive your report
- Subject line: Trend Trading Report
- Message: Please send me a free copy of the Trend Trading Report
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