How to Use Fundamental and Technical Analysis in Canadian Trading

Part of Trading For Canadians For Dummies Cheat Sheet

Successful stock traders use fundamental and technical analysis to forecast and strategize. Follow the steps for using these tools in the list below and you’ll be well on your way to unlocking the secrets of the Canadian and American stock markets.

  1. Determine economic cycle position.

  2. Determine position within sector rotation.

  3. Decide which sectors are ascending.

  4. Determine leading stocks in the ascending sector.

  5. Evaluate the Bank of Canada and Federal Reserve positions.

  6. Confirm economic cycle with index charts.

  7. Determine whether leading sectors are range bound or trending.

  8. Determine whether leading stocks are range bound or trending.

  9. Enter the trade only if the stop-loss point is nearby.

  10. Trade within your preferred time frame.