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* **Technical Analysis:** This is your bread and butter. You need to be able to read charts, identify patterns, and understand what the market is doing. Key indicators to keep an eye on include moving averages, the Relative Strength Index (RSI), and Fibonacci retracement levels. These tools help you spot potential entry and exit points. Moving averages can show the trend, RSI can show overbought and oversold conditions, and Fibonacci levels can show potential support and resistance zones. You can also use other indicators as well, it really is what you prefer. You must know what the indicators are doing. It is not enough to just know what they look like, you have to understand what they are telling you.
