July 8, 2019
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I’m here with Tim Bohen talking about technical versus fundamental analysis. What do they mean and which should you be using? Check it out to learn which Bohen and I use and why.
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FULL DESCRIPTION
I’m here with Bohen talking about technical versus fundamental analysis.
Wait ... What are technicals? What are fundamentals? And which should you use?
With technical analysis, you're analyzing the chart, price action, key resistance levels, key support levels — stuff like that. With fundamental analysis, you're analyzing the company, profits, revenues, market cap, the industry, and the sector.
I think both of us are similar in that we consider ourselves techno-fundamental. We take them both into consideration.
That said, it's not always about fundamentals. You have stocks that continue to spike because traders remember them. That’s why it’s vital to consider everything. The more indicators you use, the better.
I call it building the case. Look at the chart, the fundamentals, the VWAP, moving averages — whichever technical indicators that you overlay on a chart.
It’s not an exact science. That’s exactly why you need to consider both fundamentals and technical indicators.
It can be overwhelming to analyze so many indicators at once. I created my Trader Checklist to help you break it into seven indicators. StocksToTrade Pro does something similar, too.
What you’re really doing is betting on hype and hope for this product in the future. Based on your analysis and predictions, will the chart go up or down? You have to figure that out, so use all the tools that work for you.
But do yourself a favor and use the tools we provide. Have patience and study. It gets easier over time.
What’s your opinion— fundamental or technical analysis? I love to hear how you approach trading. Share your thoughts in the comments.
#TimothySykes #Pennystocks #Investing
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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