Want to know about Technical Analysis but don't know where to start? With all the technical indicators and strategies out there, it's very easy to get caught up with indicators that offer investors a confusing amount of data while promising exceptional win rates. However, the fascination with the search for the best technical indicators can also lead to over-analysis or strategy shifting. In my experience, investors or traders would tell you there isn't a best indicator or strategy, but there is the "best one for you".
Trading and investing strategies cater to different types of traders and investors. Some may be aggressive, and some may be conservative. As a starting investor, it is good practice to have a solid foundation through a basic indicator and then build on top of that foundational understanding to create a trading plan. One such indicator is the 50-day simple moving average.
