A Big Thank You to @Tiger_Academy once again for a most comprehensive lesson on 3 Typical Technical Indicators in Day 7 of our Education.
We learnt about Moving Average (MA), Stochastic Swing Indicator ( KDJ) and Moving Average Convergence Divergence (MACD). MACD is an important trend indicator.
We also learnt to recognise Buy and Sell signals through Golden Fork and Dead Fork. The parameters and range were set up clearly in the chart given.
Finally we learnt not to solely use technical indicators to trade as they are based on historical data and there is a time lag. Also some unscrupulous "bankers" who will use technical indicators to induce unwary investors to buy based on the technical analysis given. This is indeed a risky move as it "prejudge your prediction"
I find the technical indicators illustrated very useful but I will definitely need to practise them. I look forward to Day 8 to learn more useful tips to trade.
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