Level: Beginner / Length: 5 minutes
In this course we will introduce you to basics of technical analysis and why it’s important. We’ll also describe some key terminology and start to examine chart trends.
Technical analysis allows futures traders to assess the market action. Among the most popular tools are the price bar and candlestick. Volume and open interest also play an important role as they tell us which futures contracts are most liquid. As a rule of thumb, trading activity should be limited to months with the highest open interest.
In this course we’ll take you through the following:
- What is technical analysis?
- How to read the ‘price action’
- And we’ll look at what some key terminology: ‘Bar’, ‘candle’, ‘volume’ and ‘open interest’