A Complete Guide to Technical Trading Tactics – How to Profit Using Pivot Points, Candlesticks & Other Indicators : [PDF Download]

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“Formulating a trading plan should include the initial entry position, the risk management loss objective, and the targeted profit objective – in other words, everything about the trade from start to finish.

The type of analysis you do should lead to a means to determine those three components of a trade before you ever get into it. For many traders, analyzing price data on a chart – technical analysis – is the solution.

The emphasis here is how to understand and apply technical tools without the syndrome of analysis paralysis – that is, when too many studies are done, dominating the trader’s time and leading to inaction. It’s true that no one ever lost money by not trading, but if you are a trader or trying to trade, decisions must be made.

How you proceed with your analysis may depend on your brain. An interesting concept of how the brains of individuals function, whether they are male or female, comes from research that shows that the left and the right sides of the brain interpret and process data differently.

Determining which side of your brain is the dominant side may help you understand the form of market analysis that you might like to use.”

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