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Making Decisions Using Technical Analysis This lunchtime session was held in the downtown Vancouver TD Waterhouse Investor Centre, and was part of a series of educational seminars for retail investors offered by TD Waterhouse Discount Brokerage. The focus of this seminar was on technical analysis and covered what technical analysis is, types of trends, support […]
Making Decisions Using Technical Analysis
This lunchtime session was held in the downtown Vancouver TD Waterhouse Investor Centre, and was part of a series of educational seminars for retail investors offered by TD Waterhouse Discount Brokerage. The focus of this seminar was on technical analysis and covered what technical analysis is, types of trends, support and resistance, moving averages, indicators(MACD) and using multiple time frames.
With so many topics covered, this session was a brief introduction to these topics and serves as a good starting point for further research. There’s quite a bit of material in books and online about technical analysis and using indicators, including links in this post, as well as a really great introduction found here.
Some of the tools that TD Waterhouse Discount Brokerage offers with their trading platform were also covered, including the Recognia tool which can help identify technical patterns and is a handy tool for looking for potential trading ideas.
Overall, this is a session that moves through a lot of information and might be overwhelming for beginners. Technical analysis takes some getting used to and so practice is key to to really understanding what’s going on. This type of seminar is good for getting your feet wet, and if you’re a TD Waterhouse Discount Brokerage client, a chance to see how to use the WebBroker or Active Trader platform to do some of the charting or analysis. To get the most out of a session like this, some additional reading before or after (or both) would be helpful for following along.
Lastly, as a bonus for attending the seminar, the downtown TD Waterhouse Investor Centre has a couple special promotions for people opening up a new account, which you can learn about here.