Can anyone recommend a comprehensive tutorial or course on basic chart analysis for beginners?

Question

C

cryptowizard 16 Posts

11.10.2023 um 22:51

Just stumbled on some trading stuff and got curious. Found this thing called basic chart analysis. Seems kinda important, but I'm really at point zero here. So, does anyone know of any beginner-friendly courses or tutorials that cover this topic thoroughly yet in simple terms? Or maybe your own experiences with learning this stuff?

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Accepted Answer

Investopedia offers an extensive section on technical analysis, ideal for beginners looking to understand chart basics.
Babypips provides a free 'School of Pipsology' course that covers the fundamentals of chart analysis in Forex, applicable to cryptocurrency trading.
Udemy features a variety of beginner courses on cryptocurrency chart analysis, with user reviews to help select the best one for your needs.

score 0 · Accepted Answer · 2023-12-05T23:30:32+01:00

For sure, got bitten by the trading bug myself and chart analysis can feel like learning a whole new language. You're gonna want to look for resources that kick things off with the absolute basics, like identifying what candlestick patterns are, what support and resistance levels mean, trend lines, and all that jazz.

Have you looked into any free resources like Investopedia or BabyPips? They break things down into bite-sized lessons that are easy to digest. Also, keep an eye out for interactive tools – they can make it way more hands-on instead of just reading walls of text.

And if you're up for it, YouTube is a gold mine for visual learners. Tons of traders are sharing their screen while they explain things, which can make it click way faster. Just watch out for the ones who promise instant results or push too many paid courses – remember, if it sounds too good to be true, it probably is.

Another thing that helped me was joining a trading community or forum. Sometimes it's a bit easier to learn when you can throw questions into the mix and get answers from people who were once in your shoes. Plus, real-world examples and insight can give you a feel for what those charts look like beyond theory.

And hey, have you thought about paper trading? It's basically trading with play money, so you get your feet wet without risking your wallet. It's a stress-free environment to test what you've learned about chart analysis. Might be worth a shot!

score 0 · Accepted Answer · 2023-12-09T20:00:15+01:00

Definitely consider using some trading simulators or apps that let you practice chart analysis in real-time. They often include tutorials and can be a dynamic way to learn as you get immediate feedback on your analysis. Plus, it's a solid step up from just theoretical learning – getting a feel for the market's ebb and flow can be super insightful. How about joining a live webinar or workshop? Some pros do them online for free, and you can ask questions on the spot.

Can anyone recommend a comprehensive tutorial or course on basic chart analysis for beginners?

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