According to 2,219 tested trades, a Hammer is extremely unreliable and unprofitable. It has a low % accuracy rate of 52.1%, resulting in a razor-thin 0.18% profit per trade.| Liberated Stock Trader
Short-selling is the most difficult trading skill to master. The stock market's default direction is up, so betting against a company in a bull market is extremely risky and likely to result in losses.| Liberated Stock Trader
Stock volume measures the number of shares traded and indicates market strength. Rising markets with increasing volume are viewed as bullish, and falling prices on higher volume are bearish.| Liberated Stock Trader
Learn stock market investing with the complete online stock trading course by Barry D. Moore, a certified financial analyst from the International Federation of Technical Analysts (IFTA).| Liberated Stock Trader
The Relative Strength Index (RSI) is an oscillating momentum indicator that measures the speed and change of stock price movements. RSI uses a scale from 0 to 100 to indicate overbought or oversold conditions.| Liberated Stock Trader
The Rate of Change (ROC) is a momentum indicator that measures the speed and direction of asset price movements. It helps traders determine whether a security is trending and how quickly its price changes.| Liberated Stock Trader
Research shows that the most reliable chart patterns are the Head and Shoulders, with an 89% success rate, the Double Bottom (88%), and the Triple Bottom and Descending Triangle (87%). The Rectangle Top is the most profitable, with an average win of 51%, followed by the Rectangle Bottom with 48%.| Liberated Stock Trader
The best moving average settings are SMA or EMA 20 on a daily chart, which achieves a 23% win rate. At settings 50, 100, and 200, it is better to use the Hull moving average, which has win rates of 27%, 10%, and 17%, respectively.| Liberated Stock Trader
My research shows the best stock backtesting and auto-trade software are TrendSpider, Trade Ideas, and Tradingview. My testing process selected TrendSpider as the overall winner because it offers the most flexible, code-free, multilayer backtesting.| Liberated Stock Trader
Testing reveals the best stock chart candlestick pattern recognition software is TrendSpider, TradingView, MetaStock, and Finviz.| Liberated Stock Trader