Websites I use for my trade set up - Part 2 of 4 (30Nov2021)

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 Here is another website that I use:

2. Investing.com

I have set up a (free) account with investing.com. There are some similarities with Yahoo Finance but I love the following features:

Economic Calendar - that I can customize by country and also importance (1 to 3 stars).

On top of economic calendars, they offer a pleasant layout of holiday calendars, earnings calendars, dividend calendars and more.

Favourite feature - Technical analysis

The technical analysis provided by investing.com is one of my favourites.

Using $Tesla Motors(TSLA)$ (1 Day period) as an example, this technical analysis is a good and easy way cause they have included the common indicators used by most. Thank the colour coding of green for buy and red for sell, it is easy to catch in one glance how we can take action. the other feature I love is that they have identified the support and resistance using classic and Fibonacci. As we can see, Tesla receives strong recommendations to buy as per the screenshot captured at 1.25pm SGT 30Nov201.

These help me to set my support & resistance and confirm the trend - before I put in any positions.

Investing.com has a candlestick technical chart that helps identify the various “signals from the candles”. This can supplement the other indicators that we use to take positions.

This is part of the candlestick technical patterns. there is a filter function for us to select the time frame like 1D, 1H to suit our trading/investing time frame. It also shows the recent candlestick patterns - a feature I use to check on the “strength” of the various candlestick patterns. the key is - the bigger the time frame, the more accurate - barring any unforeseen event.

Remember, there is no one PERFECT set-up. Experience & a bigger time period help us to filter away noises and improve our trades. Do not forget to do your own due diligence. I would prefer to go through the financial fundamentals of the companies I plan to invest in. Without it, it would feel like gambling. Our knowledge of the business can increase our confidence and hopefully, reap better investment results. Here is wishing all - happy investing.

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