Month: March 2019

Stochastic Oscillator

Stochastic Oscillator

Stochastic Oscillator is a movement indicator used to find out support and resistance of a market. It is similar to RSI (relative strength index ) so is used to detect if a commodity Is over brought or oversold.  The indicator tends to use two lines, the K line and the D line. The K-line represents […]

Bullish and bearish engulfing pattern

Bullish and bearish engulfing pattern

This pattern occurs when the trader is using a candlestick chart. This pattern occurs when a larger candlestick fully engulfs the smaller candlestick from the period before. This pattern usually occurs during a downtrend and is thought to signal the beginning of a bullish trend in the security. How it works It involves two candles, in […]

Fibonacci Retracements

Fibonacci Retracements

What is Fibonacci Retracement? Fibonacci retracements is an In technical analysis technique used to predict the support and resistance levels of a commodity. They are created by taking two extreme points, for example, the market peak and the peak low on the chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, […]

The Richest Man in Babylon

The Richest Man in Babylon

This is one of my favorite books finance books, due to the way the book discusses financial issues still faced in this generation. The Richest Man in Babylon is a book by George Samuel Clason that dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing […]

Lagging vs leading indicator

Lagging vs leading indicator

Firstly I want to state that all indicators are based off prior information, but some are better at predicting future trends than others. The indicators that are better at predicting the future are called leading indicators. These indicators are based on the now price, but due to the lack of data, it is hard to […]