Newbie question

Beginner Questions
1

I dont understand the difference between RSI and stocastics?
which one is better?

Also… i dont know how to use bollinger bands or MACD?

any tips?

thanks

2

You’ll find all the answers at the Babypips school :wink:
For good lessons on bollinger bands, join the Joy of Candlestick trading thread in this Newbie area.

5

If you are going to do any [U]serious trading[/U], you need to build a small library of books.
There is a [U]mandatory book [/U][U]purchase[/U] that you need to make :

[B]“Technical Analysis from A to Z”[/B] by Steven B Achelis

I was told to buy this book when I attended a sharetrading Expo here in Perth.
I am so glad I did.
It has been a staple in my learning ever since.

I still refer to it often.

All your questions and much more will be answered to your complete satisfaction in this book.
To be sure, I get no incentives for telling you about it.
But you cannot expect to trade properly without it.

Other excellent [U]must have [/U]book purchases :
[B]
“Bollinger on Bollinger Bands”[/B] by John Bollinger
and
[B]“Technical Analysis - Power Tools for Active Inverstors”[/B] by Gerald Appel, inventor of the MACD.

6

i love Barbara Rockafellers’s Technical Analysis for Dummies. It is written in plain english and is very informative. BTW Barbara has a simply amazing email report she does twice a day. It is a paid service and definatly not for a beginner. It is a very in depth analysis of the futures spot market but it pertains to us and she sums up all the premium newswires with her added comentary :slight_smile: ok ill be quiet now.