Hi I am a finance major who has spent a lot of time studying stocks, futures, forex and options.. I want to try out some of the technical analysis I have been studying and was wondering which would be the best to trade?
If you're a finance major, you should have learned by now that day trading is a terrible idea. On average, any gains you make will be totally negated by transaction costs.
Also, I don't think technical analysis is designed to be applied to the extremely short time intervals involved in day trading. Head and shoulders formations mean nothing in the span of 4 minutes.
Go read "A Random Walk Down Wall Street" by Burton G. Malkiel. It will put the stuff you learn in finance class in a real world perspective that will keep you from doing silly stuff like day trading.
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