What's the best way to learn technical analysis for trading with zero prior experience?

Education trading self-study technical analysis

AI Summary

I've always been fascinated by the world of trading and investing, but I've never had the time to learn the technical skills required to succeed. Recently, I decided to take the plunge and start learning technical analysis for trading. However, I'm starting from scratch with zero prior experience, and I'm not sure where to begin. I've tried watching YouTube videos and reading online tutorials, but I feel like I'm not getting the comprehensive education I need to become a proficient trader. Does anyone have any recommendations for online courses, books, or resources that can help me learn technical analysis for trading from the ground up? Additionally, are there any specific skills or concepts that I should focus on learning first?

Data Driven

1 Answer

I totally get it, it can be overwhelming to start from scratch. I'd recommend checking out Investopedia's online courses - they offer a comprehensive introduction to technical analysis that covers the basics and beyond. Their courses are also self-paced, so you can learn at your own speed.

Another great resource is TradingView's educational platform. They have a ton of high-quality tutorials and courses that focus on technical analysis, chart patterns, and other essential skills for trading. Plus, they offer a free account option, which is perfect for beginners. I've heard great things about their resources, and I think you'll find them super helpful.

As for books, I'd suggest starting with "Technical Analysis of the Financial Markets" by John J. Murphy. It's a classic in the industry and covers everything from basic concepts to advanced techniques. It's a bit pricey, but trust me, it's worth the investment. I also recommend checking out online communities like Reddit's r/trading and r/technicalanalysis - they're great resources for learning from others, asking questions, and staying up-to-date on the latest trends and strategies.

Lastly, I'd focus on learning the basics of chart patterns, trend analysis, and indicators first. These concepts will give you a solid foundation for understanding technical analysis and will help you build a strong foundation as a trader. Good luck, and don't hesitate to reach out if you have any more questions!