Technicals Based Momentum Trader
Technical analysis is the prediction by a day trader of a certain financial instrument being temporarily:
- higher than it should be, in which case the day trader can make money by shorting now and buying later;
- lower than it should be, in which case the day trader can make money by buying now and shorting later.
Read more about this topic: Momentum Trader
Famous quotes containing the word based:
“A marriage based on full confidence, based on complete and unqualified frankness on both sides; they are not keeping anything back; there’s no deception underneath it all. If I might so put it, it’s an agreement for the mutual forgiveness of sin.”
—Henrik Ibsen (1828–1906)
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