How to Avoid 3 Technical Analysis Trading Pitfalls

September 11, 2023 Beginner
Learn to avoid the three pitfalls of technical analysis and analyzing price patterns: impatience, inflexibility, and tunnel vision.
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Schwab traders get in-depth research tools

Getting Started with Technical Analysis

What is technical analysis and how do traders use it to help them make trading decisions? Join your education coach to learn the basic principles and concepts of technical analysis and the advantages and disadvantages associated with this stock analysis technique.

What You Can Learn From Stock Trading Volume

Volume tells how many shares are publicly traded on a particular day. It can also confirm the trend and buy signal, warn of potential trend changes, and help track the smart money.

Using Chart Drawing Tools on thinkorswim® Desktop

Learn how to add drawings in charts, draw trendlines, price levels, and Fibonacci retracements to help you identify trend as well as support and resistance.

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any investment decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Past performance is no guarantee of future results.

Investing involves risks, including the loss of principal invested.

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