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Technical Analysis: The Way to Quality Trading

Aktualisiert: 24. Aug. 2023



Michael Voigt has created a masterpiece with "The Big Book of Market Technique: In Search of Quality in Trading" that offers every trader, whether beginner or advanced, a deep insight into the world of trading. Let's explore together the most important concepts from this book and discover how they can improve your trading. Get ready to go on an exciting journey!


1. Market technique: The key to success in trading

Have you ever wondered how the best traders in the world make consistent profits? The answer lies in market technique. Voigt understands this as an interplay of technical analysis, strategy and psychology.


Technical analysis

For Voigt, technical analysis is the start of everything. What are the current price trends? Where are the support and resistance levels? The market technique helps you answer these questions.


Strategy

Without a clear strategy, trading is like a ship without a compass. You have to find your own way, and Voigt explains how you can do that with the help of set rules and guidelines.


Psychology

Your own mind can be your best friend or your worst enemy. Voigt devotes a significant portion of the book to trader psychology, and we will focus on that as well.


2. Understand the market structure

Voigt places great emphasis on the market structure. He explains that prices are never random. There is always a pattern, and it's up to you to find it. He divides the market structure into different trends and phases:


Upward and downward trends

Learn how to spot and understand trends early to decide whether to buy or sell.


Sideways phases

Not every market moves up or down all the time. Sometimes sideways phases are the key to the next big move.



3. Risk management: Do not play with fire

Trading without risk management is like driving a car without a seat belt. Voigt explains how you can protect your capital and still make profits.



4. Your trading psychology: The inner struggle

Voigt reveals that the biggest challenge often lies in your own mind. Fears, greed and self-doubt can influence your decisions. Learn how to overcome this control and become a master of your own mind.



5. Practical application: Your path to quality in trading

Now that you know the basics, it's time to apply them. Voigt provides detailed examples and case studies to help you put what you've learned into practice.



Conclusion: A manual for every trader

"The Big Book of Market Technique" by Michael Voigt is more than just a book. It is a comprehensive manual that will guide you on your way to quality trading. From technical analysis to strategy and risk management to psychology, this book has everything you need to become a successful trader.


Are you ready to take on the challenge? Then hit the road, explore the concepts and techniques Voigt shares in his book, and discover how you can take your trading to the next level. The path to quality trading starts here and now. Take the chance and make the first step!



Are you ready to write your own success story? Get a copy of my book now:





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