An Ascending Trendline is formed when an underlying asset is trading in an upward direction by touching a ‘trendline’ pattern.
A Descending Trendline is formed when an underlying asset is trading in a downward direction by touching a ‘trendline’ pattern.
Support and Resistance line form when an underlying asset struggles to move past a certain area in either direction. By touching theses areas multiple times, the argument becomes stronger for the underlying asset to breakout or breakdown.
Not at all. So called Online Guru’s like to advertise that Trading the Financial Markets is ‘easy’ or you just need ‘software’ to to it for you and you will become rich! That’s all a LIE. Traind is very difficult – Like Golf. It’s a skill that you need to practice and then develope.
Yes, very. Trading is all about putting your financial wellbeing in the market with the opportunity of making more money. It’s extremely risky if you know what you are doing and complete money suicide if you don’t know how the markets work.
I personally would say between 3-5 years of actively learning, developing your skill and trading strategy would be a major benefit for your future portfolio.
Some people have the patience, time and dedication to become good golfers and others won’t even bat an eyelash to the sport. Trading the financial markets are the same. You need time, dedication and the patience to develop a skill for trading. And the worst part, after doing this for years or even decades you might still only hit the fairway 50% of the time.