Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Which stocks will surge next?
Unlock AI-picked Stocks
The Trend Is Your Friend Until It Is Not
Tuesday, May 15, 2018
Expert: Barry Norman Hosted by: Alvexo- Forex
- Cryptocurrency
- Commodities
- Technical Analysis
- Intermediate
There are some building blocks that every trader needs to understand. These are your foundation to success. These concepts are important to understand and interpret price action. These key elements help you build a roadmap so that you do not get lost and just like a roadmap the more details you add the more successful your trip will be. These concepts have been divided into 3 classes ranging from charts to trendlines and support and resistance.
One of the most crucial ideas to deciphering the financial markets is that of the trend. A trend is a general movement in a particular direction. A market trend is a tendency for security prices to either move up or move down. Sometimes, they move sideways, but the big profits are usually made in either an uptrend, where successive price bars generally have higher highs and higher lows than previous bars, or a downtrend, where successive price bars have lower highs and lower lows than previous bars.
It is easier to make a profit in an uptrend or downtrend, and the profits are generally bigger, but one should always understand that there are risks and that these are guidelines. Furthermore, it is obvious that if the market or security is trending, then support and resistance lines, by necessity, will also trend in the same direction. So, the first step to increasing trading profits is to recognize the trend and add a trendline to your charts. Trendlines follow a specific set of rules so that your trendline has validity. In this class we will learn step by step how to draw, apply and interpret a trendline.
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.
One of the most crucial ideas to deciphering the financial markets is that of the trend. A trend is a general movement in a particular direction. A market trend is a tendency for security prices to either move up or move down. Sometimes, they move sideways, but the big profits are usually made in either an uptrend, where successive price bars generally have higher highs and higher lows than previous bars, or a downtrend, where successive price bars have lower highs and lower lows than previous bars.
It is easier to make a profit in an uptrend or downtrend, and the profits are generally bigger, but one should always understand that there are risks and that these are guidelines. Furthermore, it is obvious that if the market or security is trending, then support and resistance lines, by necessity, will also trend in the same direction. So, the first step to increasing trading profits is to recognize the trend and add a trendline to your charts. Trendlines follow a specific set of rules so that your trendline has validity. In this class we will learn step by step how to draw, apply and interpret a trendline.
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.