Learn some of the more popular indicators used by traders, including MACD (moving average convergence divergence), RSI (relative strength index), SMAs (simple moving averages) and slow stochastics. Once you understand how they work they can be a valuable tool to back up your trading strategies.
Support and resistance levels are common technical analysis techniques used to help identify trade opportunities. These primary indicators can be used on any chart type, helping to identify buying and selling opportunities. They can also aid effective risk management by highlighting potential stop-loss and take-profit order levels.
Trendlines are a common technical analysis technique used to help identify possible trade opportunities. This primary indicator can be used on any chart type and asset class, and can help identify buying and selling opportunities from a technical perspective, and with effective risk management by highlighting potential price levels for stop-loss and take-profit orders.