What do you do if you're struggling to apply Technical Analysis concepts during your internship?

Technical Analysis (TA) is a skill that can help you make better trading decisions based on historical price patterns and indicators. However, learning and applying TA can be challenging, especially if you're doing it for the first time during your internship. In this article, you'll find some tips on how to overcome the common difficulties that interns face when using TA in their work.

1 Review the basics

Before you dive into the complex aspects of TA, make sure you have a solid grasp of the fundamental concepts and tools. These include trend lines, support and resistance levels, chart types, time frames, and volume. You can refresh your memory by reading books, articles, or online courses on TA, or by asking your mentor or supervisor for guidance. You can also practice drawing and interpreting charts on paper or using free software like TradingView.

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Syed Muhammad Faisal

Manager at National Refinery Limited & M.E.(ENERGY SYSTEM) From NED UE&TECH
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Before to declare expert in Technical Analysis.Start as a beginner , just like starting studying from childhood. Learn basis concepts, read books, get historical data, close eye watch on market, trending analysis, identify risk and analyse risk with response strategy. Search and view the social media platforms fot supporting and helpful articles, listen podcast , you tube videos, experts analysis and anyone to declare your mentor for guidance and understanding of difficult part, where you need / required help from outside any Subject Matter Expert to redefine and revaluate your analysis for better results and quick learning progress for self reliance.

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2 Focus on a few indicators

TA involves using various indicators and oscillators to measure market sentiment, momentum, volatility, and other factors that affect price movements. However, using too many indicators at once can be confusing and contradictory. Instead of trying to master all of them, focus on a few that are relevant to your internship project and trading style. For example, if you're working on a swing trading strategy, you might want to use moving averages, MACD, and RSI. Learn how to use these indicators properly, and how to combine them to generate signals.

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Syed Muhammad Faisal

Manager at National Refinery Limited & M.E.(ENERGY SYSTEM) From NED UE&TECH
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Always put in mind that "Jack of all is master of none". Try to effort in specific areas of your expertise rather than jump on all. Technical Analysis requires the definition of objective, quantifiable measures of technical performance, which can be used to compare actual results against targets. Always focused on business case vision / mission and apply the appropriate methodology of your expertise to obtain the success stories. Monitor functionality and performance to determine if any actions are needed to prevent or correct problems timely and efficiently.

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3 Test your ideas

One of the best ways to learn TA is to test your ideas and hypotheses on historical data. This will help you evaluate the validity and profitability of your analysis, and identify your strengths and weaknesses. You can use backtesting software or platforms like MetaTrader to run simulations and see how your strategy would have performed in different market scenarios. You can also compare your results with those of other analysts or experts, and learn from their feedback.

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4 Keep a journal

Another useful habit to develop as a TA intern is to keep a journal of your analysis and trades. This will help you track your progress, record your observations and insights, and learn from your mistakes. You can use a notebook, a spreadsheet, or an app to document your journal entries. For each entry, you should include the date, time, chart, indicators, entry and exit points, profit or loss, and any comments or reflections. You should also review your journal regularly and look for patterns, trends, or areas of improvement.

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5 Seek feedback

Finally, don't be afraid to seek feedback from your mentor, supervisor, or peers during your internship. They can offer you valuable advice, tips, and insights that can enhance your TA skills and performance. You can ask them specific questions, show them your analysis or trades, or request a review of your work. You can also learn from their experience, challenges, and successes. Remember that TA is a continuous learning process, and feedback is an essential part of it.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if you're struggling to apply Technical Analysis concepts during your internship?

1

2

3

4

5

6

1 Review the basics

2 Focus on a few indicators

3 Test your ideas

4 Keep a journal

5 Seek feedback

6 Here’s what else to consider

Technical Analysis

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What do you do if you're struggling to apply Technical Analysis concepts during your internship?

1

2

3

4

5

6

1 Review the basics

2 Focus on a few indicators

3 Test your ideas

4 Keep a journal

5 Seek feedback

6 Here’s what else to consider

Technical Analysis

Rate this article

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