Mar 8, 2023
Investing is good, especially for young people. But they have to be careful about where they invest their money. There seems to be a growing number of young people who are interested in technical analysis by following social media videos without a fundamental grounding. In this week’s episode of the Grow Money Business podcast, Grant discusses his thoughts on technical analysis and its place today.
[03.16] Technical analysis – Starting the conversation, Grant explains technical analysis and how people often overlook its legitimacy.
[10.55] Choosing securities – Grant shares the risk of choosing securities based only on technical analysis.
[18.06] Top-down approach – Grant walks us through the levels of the top-down approach for technical analysis.
[22.50] Investing – Grant shares his thoughts on the interest among young people to invest and what kind of risks await them if they don’t evaluate what they are investing money for.
Resources:
Technical Analysis: What It Is and How to Use It in Investing –
investopedia.com/terms/t/technicalanalysis.asp
Technical analysis: Using historical patterns and group behavior to predict future moves in stocks and other assets –
businessinsider.com/personal-finance/technical-analysis?op=1