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Old 03-12-2004, 10:32   #1
waxwing
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TA and strategies fundamentals

Hi!
Where on the web can I find some kind of beginners' introduction to Technical Analysis (and trading strategies based on it)? I'm not scared of the math side of things but I have no experience in the forex field.
I would probably prefer to buy a book or two and study offline, but I don't think I'll find one here.
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Old 03-12-2004, 11:49   #2
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Hi

Here http://stockcharts.com/education/ and here http://www.equis.com/Education/TAAZ/ and here http://fxstreet.com/nou/continguts/knowledge.asp?publicitat1=education&publicitat2=fxstrategylogo&publicitat3=myfx you can find more info about TA
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Old 03-12-2004, 12:02   #3
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Wow - at first glance those links look perfect! Thanks very much.
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Old 04-12-2004, 02:12   #4
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Those links were great for explaining the terminology of charting and TA (at least for a beginner).
I wonder where I could find information about things like stop-loss, limits, spreads and risk/reward. I know what these terms mean, but I'd like to understand the basic principles about how they are related mathematically. For example, how one goes about deciding the automatic exiting of a trade.
Also, perhaps not exactly related, but I've seen many posts here mentioning 'money management' and how it's a vitally important part of a trading strategy. What exactly do people mean by 'money management' in this context?
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Old 04-12-2004, 02:37   #5
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A good source for understanding money management would be Van Tharp's works. His first book, "Trade your way to financial freedom" goes into great detail. He also publishes a "Special Report on Money Management", which covers a lot of the same material in his book, but has some newer things as well. Get his book first...it's relatively cheap and it's a valuable resource.

Money Management (MM) is actually more important than TA when it comes to long term success. With proper MM you can turn a mediocre TA system into a winner. Conversely, you can take a great TA system and still lose with poor MM.

Nat
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