Stikky Stock Charts Learn The 8 Major Chart Patterns Used By Professionals And How To Interpret Them To Trade Smart–in One Hour
Stikky Stock Charts uses a simple, pattern-based learning method to bring a valuable skill to anyone with a ruler and an hour to spare. We took the latest research into chart patterns and spent hundreds of hours with readers testing and simplifying it to be sure it will work for you. Includes a comprehensive Next Steps section with guides to the eight steps to begin trading, four classes of broker, major investment types, software, stock data,free sources of charts, and more.
Stikky Stock Charts uses a powerful learning method to teach anyone the signals that professional traders use to make buy and sell decisions, step-by-step.Each step builds on what came before and reinforces it. That way, by the time you reach the end of the book, you will be confident in reading a stock chart and forecasting the most likely next move. Still more exciting, the things you learn will serve as ‘hooks’ on which you can hang future knowledge about stock chart trends and patterns. The book also explains how to set a stop loss, which can help you to minimize your trading losses and maximize your gains. Stikky Stock Charts has four parts:
1.Sequence One tells you how to identify trends and draw trendlines, support lines, and resistance lines. It also teaches you to recognize channels and rectangles, how to use them to make investment decisions, and how to place an order with a broker. If possible, you should read this sequence in one sitting.
2.Sequence Two builds on what you learned in Sequence One, adding several patterns: the megaphone, three types of triangle, the double top, and the head and shoulders top. It also tells you how to read volume, what a stop loss is, and how to set one. Ideally, you should leave a few days, but no more than a week, between completing Sequence One and reading Sequence Two.
3.The Epilogue, a special feature of Stikky books, brings together everything you have learned and reinforces it in some new and unfamiliar situations. Again, you should leave a few days between completing Sequence Two and reading the Epilogue.
If, by the end of the book, you are hungry to find out more, as we hope you will be, you will find dozens of things to explore in the Next Steps section. You can skip to the Next Steps section at any time, of course, but the rest of the book only makes sense if read in order: Sequence One, Sequence Two, Epilogue.