Interactive Technical Analysis Education

This is a discussion on Interactive Technical Analysis Education within the Trading Software forums, part of the Commercial category; Hey folks Does anyone know of any interactive software for practicing technical analysis? Free is preferred but all suggestions welcome. ...

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Old Oct 14, 2017, 7:05pm   #1
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Interactive Technical Analysis Education

Hey folks

Does anyone know of any interactive software for practicing technical analysis?
Free is preferred but all suggestions welcome.

Thanks
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Old Oct 16, 2017, 7:05pm   #2
 
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Hey folks

Does anyone know of any interactive software for practicing technical analysis?
Free is preferred but all suggestions welcome.

Thanks
Are you looking for a simulator? Think or Swim have the on demand feature, you can replay any day of the market back few years...
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 19, 2017, 7:27pm   #3
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Are you looking for a simulator? Think or Swim have the on demand feature, you can replay any day of the market back few years...
Hello my friend!

Not quite...i think...
What I am looking for is basically something like the course Brumby suggested to me (which is great!) in the last page or 2 of my journal, but interactive.

I have seen some things over the years, for example my first year psychology book.
It had a disk that I popped into my laptop and I could learn the content of the book via the interactive disk (and reading too of course).
I'm just looking for a better way to learn than to go the ye old route of reading painstakingly boring text only

Of course I will read, but we are in the technology age...it's about time education caught up
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Old Oct 19, 2017, 8:21pm   #4
 
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Hello my friend!

Not quite...i think...
What I am looking for is basically something like the course Brumby suggested to me (which is great!) in the last page or 2 of my journal, but interactive.

I have seen some things over the years, for example my first year psychology book.
It had a disk that I popped into my laptop and I could learn the content of the book via the interactive disk (and reading too of course).
I'm just looking for a better way to learn than to go the ye old route of reading painstakingly boring text only

Of course I will read, but we are in the technology age...it's about time education caught up
I see what you are saying, just not sure that something like this exists, because I don't believe someone will publish a working winning strategy in any form...

So basically you are risking learning something that is fundamentally flawed, e.g. a strategy that is not working/ making money...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 19, 2017, 9:14pm   #5
 
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Lots of charting software allows you to 'play back' old data, so you can watch patterns develop and instantly see the outcome.
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Old Oct 21, 2017, 1:23pm   #6
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I see what you are saying, just not sure that something like this exists, because I don't believe someone will publish a working winning strategy in any form...

So basically you are risking learning something that is fundamentally flawed, e.g. a strategy that is not working/ making money...
I'm not looking for a strategy.
What I am looking for from such software is for example, exercises where I identify the levels where price has been most drawn toward...ie. drawing in support and resistance lines. Perhaps drawing in the strongest 3 levels...or something like that.

Perhaps some exercises where I identify channels and other patterns... an exercise where the chart might suggest a trade is on but say... the MACD is saying the opposite...things like that... exercises using different indicators etc...

In my opinion, not only is there no holy grail strategy of trading...there are in fact many




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Originally Posted by cbrads View Post
Lots of charting software allows you to 'play back' old data, so you can watch patterns develop and instantly see the outcome.

Yeah, I can do that.
I'm looking for training software specifically designed for the practicing of chart analysis
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Old Oct 21, 2017, 3:49pm   #7
 
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I'm not looking for a strategy.
What I am looking for from such software is for example, exercises where I identify the levels where price has been most drawn toward...ie. drawing in support and resistance lines. Perhaps drawing in the strongest 3 levels...or something like that.

Perhaps some exercises where I identify channels and other patterns... an exercise where the chart might suggest a trade is on but say... the MACD is saying the opposite...things like that... exercises using different indicators etc...

In my opinion, not only is there no holy grail strategy of trading...there are in fact many
Let me try again to explain why you are not going to find it:

To be legitimate simulator with all those exercises with patterns, indicators, etc, it has to be based on a good trading strategy or you'll learn something wrong and not usable, like training on a math simulator with the wrong formulas, what good this is going to do, not only waste of time, but also you'll have to spend even more time to unlearn the bad habits...

The problem is that no one will build such a simulator without giving his winning strategy away... and even if you find someone crazy enough to do it, it will be arbitraged away, because more money (people) will use it...

For the holy grail, for sure there is more that one working strategy to beat the market, just see how many hedge funds and people are doing it and they are not using the same strategy, because of the arbitrage discussed above...

Cheers,
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 21, 2017, 4:32pm   #8
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Let me try again to explain why you are not going to find it:

To be legitimate simulator with all those exercises with patterns, indicators, etc, it has to be based on a good trading strategy or you'll learn something wrong and not usable, like training on a math simulator with the wrong formulas, what good this is going to do, not only waste of time, but also you'll have to spend even more time to unlearn the bad habits...

The problem is that no one will build such a simulator without giving his winning strategy away... and even if you find someone crazy enough to do it, it will be arbitraged away, because more money (people) will use it...

For the holy grail, for sure there is more that one working strategy to beat the market, just see how many hedge funds and people are doing it and they are not using the same strategy, because of the arbitrage discussed above...

Cheers,
Thanks for the explanation.

Perhaps not a simulator.
Just a teaching tool for learning the basics of technical analysis
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Old Oct 22, 2017, 12:34pm   #9
 
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Thanks for the explanation.

Perhaps not a simulator.
Just a teaching tool for learning the basics of technical analysis
That's the problem with the technical analysis, isn't it?
It works, but only sometimes :-)
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 22, 2017, 3:03pm   #10
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That's the problem with the technical analysis, isn't it?
It works, but only sometimes :-)
I am a firm believer in not doing things for people, but rather helping them help themselves. Of course there are instances where I will do things FOR people instead of WITH them. If you give a man a fish (strategy) he eats for the day (his rewards are limited) but if you teach a man to fish (how to get their reward as a result of their own process) then he eats for a lifetime...

I would much prefer to be taught the basics and then build my own system than to take on a system tailored to someone else. This is not unique to my trading.
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Old Oct 22, 2017, 3:41pm   #11
 
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I am a firm believer in not doing things for people, but rather helping them help themselves. Of course there are instances where I will do things FOR people instead of WITH them. If you give a man a fish (strategy) he eats for the day (his rewards are limited) but if you teach a man to fish (how to get their reward as a result of their own process) then he eats for a lifetime...

I would much prefer to be taught the basics and then build my own system than to take on a system tailored to someone else. This is not unique to my trading.
Absolutely, with that attitude, I am sure you are going to succeed! Cheers and tight lines!
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 22, 2017, 4:58pm   #12
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Absolutely, with that attitude, I am sure you are going to succeed! Cheers and tight lines!
Tight lines...
I like that.
Totally going to start saying it from now on!

Cheers
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Old Oct 22, 2017, 11:24pm   #13
 
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Tight lines...
I like that.
Totally going to start saying it from now on!

Cheers
Glad you like it, went fishing this morning and thought it would be appropriate saying to bridge the two hobbies :-)
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Oct 22, 2017, 11:47pm   #14
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Glad you like it, went fishing this morning and thought it would be appropriate saying to bridge the two hobbies :-)
I enjoy a bit of fishing myself! And am from a fishing family. That's why the saying stood out.

I mainly only go Mackerel fishing from shore around August but on occasion I will go bass fishing. The only fish I've ever caught is pollock and mackerel

I really only go for the tranquillity and to sometimes stand in the water and fish I don't mind if I catch nothing. I'd like to go out on a boat and fish some day... Tuna fishing actually!! Fish on!!
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Old Oct 23, 2017, 12:13am   #15
 
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I enjoy a bit of fishing myself! And am from a fishing family. That's why the saying stood out.

I mainly only go Mackerel fishing from shore around August but on occasion I will go bass fishing. The only fish I've ever caught is pollock and mackerel

I really only go for the tranquillity and to sometimes stand in the water and fish I don't mind if I catch nothing. I'd like to go out on a boat and fish some day... Tuna fishing actually!! Fish on!!
Fish on mate, I am back into carp fishing, going for few hours every day (for the next few weeks until everything freezes over :-)
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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