Been trading for a few months now but mostly going off gut feeling and news.
Starting to realize I need to actually understand charts and indicators properly. What’s the best way to learn technical analysis without getting overwhelmed by all the different methods out there?
Start with support and resistance levels first since they show up on every timeframe and are pretty straightforward to spot.
Once you get comfortable identifying those key levels, add moving averages to see the basic trend direction.
Skip all the fancy indicators for now because most traders use way too many and end up getting conflicting signals that just create confusion.
Price action is more effective than indicators. Start by learning to read candlestick patterns. Focus on basic patterns like doji, hammer, and engulfing candles. They reveal actual buyer and seller pressure without lag.
Many beginners rush into using RSI and MACD. These are lagging indicators that reflect past movements. Concentrate on how price moves initially, then consider adding one simple indicator later.
Pick one timeframe and stick with it for at least 3 months. I wasted tons of time jumping between 5min, 1hr, and daily charts when I started.
H1 charts worked best for me as a beginner. Clean enough to see patterns but not too slow like daily charts.
Draw your levels on weekends when markets are closed. Way easier to spot the important zones without all the noise of live price movement.
Keep a simple trading journal with screenshots. Note what you saw vs what actually happened. This helped me way more than any book or course.