Can we apply our trading techniques in trading stocks as well?

[Babypip1]

Ever since i was a child. Stock index reports on local news channel always fascinated me. Hearing about rise and fall in 100 index always put me in to deep thoughts that what these numbers actually mean.
I used to ask my elder brother and he always told me that its a game of big fish. You have to have a healthy bank account and you stick on to your land-line phone all day long or you should have a cellphone full of credit(cellphones were rare and was an emerging technology in late 90’s around my area) in order to be in touch with your broker who executes your buy/sell decisions in stock market. And as for the currencies, i just knew that we exchange them from any local money ex-changer on a given price.
In later years, those business news brought no more interest to me because they were so mainstream and boring and i had nothing to do with them.
Until now, since we have come this far where we have got 70’s dream super computers right in our pockets with the bandwidth of downloading tons of data in matter of second. Businesses have become more organised and converged and I am a grown ass man with a networking degree.
The reason of telling all this story is that, since i came to know forex, I started realizing that nothing is knew, all these support and resistance, Fibonacci levels, Elliott wave theory, Bollinger bands, trends and so on… were derived by mathematicians and experts ages ago and were implemented on markets even when there was no internet.
Only technology has evolved, not the trading.Only technology has made trading more agile, handy and bug-free… I can understanding whats going on on front end/client side or on back end/server side. I can write code for a new indicator on mql4 but I am not a good trader.
And that’s what i am planning to be in the upcoming years. Because that’s something I always wanted to do from my childhood - Playing with numbers.
I am curious to know that despite all differences b/w stock and forex trading. Can we implement our forex trading skills in trading Stocks ?
Do they use same candlesticks or other chart patterns as we do in forex ?
Do stock traders analyse the trends same way as forex traders do ?
What trading plate-forms do stock traders use? and who feeds them data, their local stock exchange or some international central organization.
How do they measure a single trading unit ?e.g. as we use standard/mini lot-size system here in forex.
Do the stock traders have the opportunity to sell stocks at any given time or do they only liquidate their stocks by selling stocks they might have bought earlier?
thank you very much…

[tumen05]

I dont think there is any major diffference between stock and forex, stocks also have candle stick and other technical analysis, some fx brokers have stocks on there platform. You may join this thread: Price Action That Matters For Beginners. by krugman25

[JohnLeonard]

I am curious to know that despite all differences b/w stock and forex trading. Can we implement our forex trading skills in trading Stocks ?

[B]Partially. [/B]

Do they use same candlesticks or other chart patterns as we do in forex ?

[B]Same ones. No difference.[/B]

Do stock traders analyse the trends same way as forex traders do ?

[B][/B][B]Pretty much. Stocks can trend the same as currency pairs. Stock and major market indices also trend the same as currency pairs can. When the S&P 500, the Russell 2000 or the other major indices trend up, so to do 80% of the stocks that comprise those indices. One exception to be aware of are cyclical economic industries and sectors. When the economy is roaring then financials, techs, entertainment and most other stocks take off. When the economy is bad, these sectors usually suffer. Then, consumer staples and “working class” stocks tend to do relatively well (Walmart, McDonalds, Coors/Miller, Phillip Morris Tobacco, Cambell’s Soup). These are longer term movements – not short swings.[/B]

[B]The fundamentals for stocks are completely different than currencies.[/B]
[B][/B][B]
The biggest difference from a technical standpoint in stock charts are the gaps. Gaps are routine in stock charts – every night and often throughout the day on lesser traded issues.[/B]

What trading plate-forms do stock traders use? and who feeds them data, their local stock exchange or some international central organization.

[B]There are too many to list, most of the better ones come with monthly fees. Level II access, to see actual order flow, also has fees. Brokers also usually have in-house platforms that they offer on their sites for free, of course.[/B]

How do they measure a single trading unit ?e.g. as we use standard/mini lot-size system here in forex.

[B]By the share. When discussing price movement, it is the currency of the country the exchange is located in (The USD for the NYSE or NASDAQ, for example). Forex talks about price movements in pips. The equities markets talk in terms of points.[/B]

Do the stock traders have the opportunity to sell stocks at any given time or do they only liquidate their stocks by selling stocks they might have bought earlier?

[B]In the world of stocks, you can go short. Two things: Technically, you are borrowing stocks from your broker, selling them, hoping the price goes down, buying them back at a lower price and returning the borrowed stocks back to your broker (known as covering) and you pocket the difference. Also, most brokers require large accounts and financial information before they let you short.[/B]

[B]Two last things. Leverage, if granted by your broker, is limited to 4:1. If trading in the U.S., then you must meet pattern day trader requirements which require a minimum of $20K otherwise you cannot make more than two roundtrip trades within any rolling week.[/B]

I hope this helps.

[isrealz]

I think the only difference between stock trading and forex is the commodity itself/price. Every other strategy and technique remain the same.

[JohnLeonard]

I think the only difference between stock trading and forex is the commodity itself/price. Every other strategy and technique remain the same.

Price charts are the same, relatively speaking. Many technical analysis techniques are identical. After that, the different markets bear no resemblance to each other.

[Babypip1]

I hope this helps.

That was pretty much comprehensive and to the point. Thank you very much [B]Leonard[/B].