There are so many online resources for learning technical analysis for trading. The real problem is that there’s so much information of mixed quality, it is hard to sift through what is good and what is questionable.

As a result, you might find it difficult to navigate through various online resources to find what you need.

Hence, we have tried to offer up a few sites we have used that offer:

  • broad foundation in technical analysis useful for beginners
  • Comprehensive content that serves as a helpful reference for seasoned traders
  • Great value for free or at minimal cost

Without further ado, here are 7 of the best sites for learning how to trade with technical analysis. (Not in any order.)

Chartschool by Stockcharts.com

ChartSchool is the educational section of StockCharts.com which offers an array of online charting tools. It is one of the best online references for practitioners of technical analysis. You can find clear explanations of various chart types and indicators here.

School of Pipsology by Babypips

School of Pipsology is a free online course that’s perfect for anyone interested in trading forex. It is a highly structured course that covers all bases a new forex trader needs. The curriculum includes extensive technical analysis, forex fundamentals and risk management.

Investopedia

Investopedia awesome but also massive, so it can be challenging to find resources related to technical analysis. Two good areas are:

ThePatternSite.com

ThePatternSite.com is an awesome online reference for chart patterns. The person behind this website is Thomas Bulkowski, the author of several in-depth studies of chart patterns:

On the website, you will find the key findings of each chart pattern including rules and backtesting results.

The best day trading stock is one that provides volatility and volume. These two factors help traders choose, the higher the volatility the greater the price movement and the higher the volume the easier it it to get in and out of trades.

Traders can look for other elements as well.  Some traders will find new stocks to trade every day, always looking for stocks that are demonstrating or breaking out of some pattern – breaking through resistance or support for example. Other traders might look for stocks that are consistently volatile, and trade a handful of those stocks for weeks on end. Other traders trade the same one or two stocks all the time.

Volatility

Each stock has a different volatility “personality”: some stocks on average move 0.5% per day, some move about 1% per day, and other stocks move more than 5% a day. Different people or institutions often trade the same stocks, so learning the tempo and personality of the stocks you want to trade is an important action. Most people find trading a stock that moves 0.5% to 2% per day tolerable, but many traders may find the big swings of a stock that moves 5% per day tough to handle. A 5% swing against you trading AMZN options, could be painful, so it just comes down to choices, tolerance and rigor.

Barchart is a great site as is Finviz and both can help identify what stocks and ETFs are trading most heavily.

Final Thoughts On  Day Trading Stocks and ETFs

There are lots of options available to day traders. Screen or search for good day trading stocks on a regular basis, or trade the same one all time. Knowing which stock or ETF to trade is only part of the puzzle, though, you still need to know how to day trade those stocks. JIN Trading System will help you here. It will help you identify the winning stocks and trades and then filter out the losers.

Futures are an attractive market for day traders. To trade stocks you need at least $25,000, but today trade futures you can start with as little as a few thousand dollars.  The amount of capital you require to day trade will depend on the futures contract you trade and your brokers “margin” requirements. If you have a small account, you’re limited to futures contracts which have low day trading margins. If you have a large account, then you have more flexibility in what to day trade.

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Stock trading is literally a herd of human beings, reacting to stimuli, at the same time.  “Herd” or “Mob” mentality is a natural phenomenon; like a colony of honey bees.

A clever person will identify patterns in behavior.  Then use the probability of repetition to their advantage.

Post a sign offering free ice cream in a Christian church and people will line up to buy.  Offer heroin in that church and those same people will hurt you.

Mob, stimuli, reaction, predictable pattern.

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