Website: http://www.investopedia.com/ (Technical Analysis)
I have been depending heavily on Investopedia for information, and resource on technical analysis for the past 2 weeks. As a technical analysis amateur, I browsed through a number of different websites that give “introduction lessons on technical analysis”, and I found Investopedia to be the most user-friendly website. While not the entire website is designed to teach technical analysis, they do have a section that’s dedicated to it. According to the table of content that’s given, the section on technical analysis is divided into 12 different sections: Introduction, The Basic Assumption, Fundamental Vs. Technical Analysis, The Use of Trend, Support and Resistance, The Importance of Volume, What is a Chart?, Chart Types, Chart Patterns, Moving Averages, Indicators and Oscillators, and Conclusion. Compared to other “technical analysis 101“ websites, Investopedia provides clear labeled diagrams, along with the corresponding definitions, as well as the relevant explanations on the specific pattern or chart that’s being discussed. Further elaboration and examples on each of the patterns and charts examined are also provided. For example, specific examples are often given on how to identify the specific pattern when the price pattern is slightly altered.
Out of all 12 different “lessons” that Investopedia has, personally, I find the Chart Patterns section to be the most useful section, and below is the url to this section:
Technical Analysis: Chart Patterns: http://www.investopedia.com/university/technical/techanalysis8.asp#axzz2Bndk8H5K
Other sections of the investopedia website are not directly relevant to FRE501’s trading game, however, they do provide interesting information on financial information, both in terms of academia and everyday knowledge. In general, Investopedia is a very resourceful website for all economic and financial students, as it allows them to decipher between the various technical analysis patterns and charts.