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The Importance of Technical Indicators in Your Trading Plan

The Importance of Technical Indicators in Your Trading Plan

Thursday, June 21, 2018

Expert: Barry Norman
Hosted by: CMSTrader
  • Forex
  • Cryptocurrency
  • CFD
  • Technical Analysis
  • Intermediate
  • Advanced
In technical analysis, a technical indicator is a mathematical calculation based on historic price, volume, or open interest information that aims to forecast financial market direction.

Technical indicators are fundamental part of technical analysis and are typically plotted as a chart pattern to try to predict the market trend. Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an "overbought" condition or an "oversold" condition.

One way to simplify your trading is through a trading plan that includes chart indicators and a few rules as to how you should use those indicators. In keeping with the idea that simple is best, there are several types of easy indicators you should become familiar with using one or two at a time to identify trading entry and exit points.

Barry Norman  
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
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