When you are a newbie you can refer to something on tradingview.com
1.Technical:
RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.
2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bandsThese are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading
That’s really nice. I never knew about this TradingView of a thing when I was a newbie, although I didn’t get to lose much and everything I lost I did recover them all back. But this right here really would have helped me if I did know something about it. Only get to know about this year, and I have been checking it out, pretty helpful.