[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][vc_column_text]Many people are of the opinion that technical analysis cannot be learned via books and theories, but must be instead learned via courses. This could not be further from the truth.

Technical analysis is the study of chart patterns. It may make sense to think that you would need to be able to have a hands on training for something so visual, but this is simply not the case.

No one has ever mastered technical analysis without understanding the theories behind what makes technical analysis tick. Plenty of people have made a bit here and there using technical analysis tricks they learned online, but those that really truly make money with technical analysis are those that have spent years understanding the theory and concept behind the science.

Beginning Stock Trader lists our best technical analysis books in our resources section. We believe no one can master technical analysis without reading.

This is because technical analysis stems from patterns, and patterns happen for a reason. The reason for many price changes in the markets is are supply and demand, but what are the factors that are affecting those?

Technical analysis involves looking at things like earnings, volume, options prices, dividends, product releases, and other day-to-day activities of the company. They try to see patterns in how stock prices react when these activities occur.

If a technical analyst can find a definitive pattern, they know when to buy and sell the stock.

The good analysts, with theoretical knowledge, look closer than that, however. They look at whey the price always seems to react certain ways to things.

They look at the motivations of individual traders and figure out what pushes supply and demand around in seemingly erratic directions.

If you are trying to learn technical analysis this is the direction that we recommend you take. Start with reading everything you can possibly get your hands on about the subject.

Once you feel like you have a good idea about the theory and concepts behind technical analysis, move on to a course. The course will explain different methods of technical analysis such as breakouts, cup and handles, head and shoulders, and other similar methods that experts use.

After that then go out into the real world and identify patterns in actual stocks that you recognize from your training. Look at single day charts, hourly charts, monthly charts, and yearly charts to get a good idea of the picture.

Once you are confident you can recognize the patterns start putting your money into it. Start small and work your way up. You only need to be right 60% of the time![/vc_column_text][/vc_column][/vc_row]