Overview

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 +====== Overview ======
 +<​html><​style>​ #​dokuwiki__content .level2 .level1 .li strong { display:​block;​ font-size: 18px; margin-left:​-30px;​ padding:​12px 0; } #​dokuwiki__content .level2 .level1 { list-style:​none;​ }</​style></​html>​
 +===== What is Technical Analysis? =====
  
 +John Murphy defines **Technical Analysis** as "the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends."​ Market action refers to price, volume, and open interest data. While analysis of this data can't make absolute predictions about the future, studying the past price movements on a chart can help technical analysts anticipate what is "​likely"​ to happen to prices going forward.
 +
 +===== Introductions to Investing =====
 +
 +  * **[[:​overview:​why_analyze_securities|Why Analyze Securities?​]] ** What's the "​best"​ way to invest? We discuss the three types of market analysts and how you can understand investment from a "big picture"​ perspective.
 +
 +  * **[[:​overview:​technical_analysis|Technical Analysis]]** What is Technical Analysis? We explain what Technical Analysis is, how it works, and the general steps one should take when using technical charts and indicators to analyze stocks.
 +
 +  * **[[:​overview:​fundamental_analysis|Fundamental Analysis]]** We look at the theory behind Fundamental Analysis and the general steps fundamental analysts take when evaluating stocks, concluding with a look at the strengths and weaknesses of the fundamental approach.
 +
 +  * **[[:​overview:​random_walk_theory|Random Walk vs. Non-Random Walk]]** Can you really outperform the market? We compare the Random-Walk Theory of financial markets and its counterpart,​ the Non-Random Walk Theory, while considering how these competing concepts impact Technical Analysis.
 +
 +  * **[[:​overview:​asset_allocation_and_diversification|Asset Allocation and Diversification]]** What's the best way to minimize your risk while trading? We look at how asset allocation can be combined with technical analysis to ensure a strong trading portfolio.
 +
 +===== "​Must-Read"​ Technical Analysis Articles =====
 +
 +  * **[[:​overview:​john_murphy_ten_laws_of_technical_trading|John Murphy'​s Ten Laws of Technical Trading]] ** John's famous ten (plus one) rules that everyone should know about charting and technical analysis.
 +
 +  * **[[:​overview:​john_murphy_charting_made_easy|John Murphy'​s "​Charting Made Easy" eBook]]** An easy-to-read introduction to Technical Analysis written by John Murphy, covering all the basics in John's easily accessible style.
 +
 +  * **[[:​overview:​ta_101|Technical Analysis 101]]** A short course in the basic tenets of the field, designed to provide newcomers with a working background of technical analysis.
 +
 +===== The Psychology of Investing =====
 +
 +  * **[[:​overview:​irrational_exuberance|Irrational Exuberance]]** Describes the findings in Robert Shiller'​s behavioral finance book //​Irrational Exuberance//,​ which looks at the cultural and psychological factors that influence the decision-making process when investing in stocks, using the 2000 stock market bubble as a case study.
 +  * **[[:​overview:​cognitive_biases|Cognitive Biases]]** A look at eleven of the most powerful and common cognitive biases faced by both the average individual throughout daily life and investors in today'​s financial markets.
 +
 +===== Technical Analysis Rules and Guidelines =====
 +
 +  * **[[:​overview:​arthur_hill_on_goals_style_and_strategy|Arthur Hill on Goals, Style and Strategy]] ** StockCharts contributor Arthur Hill discusses how to approach financial market investing and trading in a must-read article for all StockCharts users.
 +
 +  * **[[:​overview:​arthur_hill_on_moving_average_crossovers|Arthur Hill on Moving Average Crossovers]]** Arthur gives his take on moving average crossover systems, discussing pros and cons as well as their uncanny ability to "​predict the past."
 +
 +  * **[[:​overview:​multicollinearity|Multicollinearity]]** A look at how to avoid having two very similar signals on the same chart and the importance of doing so.
 +
 +  * **[[https://​stockcharts.com/​articles/​journal/​toc.html|"​The Trader'​s Journal"​ by Gatis Roze]]** A collection of short articles by a successful technical trader about his tools, his routines and the lessons he has learned throughout his years in the market.
 +
 +  * **[[:​overview:​bob_farrell_10_rules|Bob Farrell'​s 10 Rules]]** Wall Street veteran Bob Farrell of Merrill Lynch teaches investors to think outside the box with his 10 rules of investing.
 +
 +  * **[[:​overview:​richard_rhodes_trading_rules|Richard Rhodes'​ Trading Rules]]** The 18 stock trading rules that Richard lives by. “The rules are simple; adherence to the rules is difficult.”
 +
 +  * **[[:​overview:​donchian_trading_guidelines|Donchian Trading Guidelines]]** 20 trading guidelines developed by Richard Donchian, the father of trend following.
 +
 +  * **[[:​overview:​correlation|Why and How To Use Correlation]]** An explanation of why and how to use correlation to build a stronger, more diversified and stable portfolio.