Market Mindfields by Ryan Litchfield
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Really worth the watch and definitely one of the best videos on trading psychology on the market.
Everyone needs this program to understand the mental requirements of trading!
Ryan Litchfield says that 10% of all people are not
suited to trade the market, another 10% take to trading like a duck takes to water and the remaining 80% are “normal”. These normal people
just need to be aware of the “mindfields” or traps our thinking presents when trading the market and make some mental changes in order to
suceed. He says that successful trading is counter intuitive in many ways.
A high percentage of people start out convinced they are
smart and successful in other things so they must be in the magic 10% of people that will automatically succeed at trading. They spend their time and
money on learning techniques and systems but then become one of the many traders that lose all ltheir money to the market at least once because they
are not mentally prepared.
The market is an expensive teacher. Learn from this program the perspectives and attitudes you need to succeed.
Technical Analysis Day trading
How to understand about technical analysis: Learn about technical analysis
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which,
being an aspect of active management, stands in contradiction to much of modern portfolio theory.
The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.
Trevis Trevis –
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