How to Read Stock Charts To understand stock charts, you must know how supply and demand work in a marketplace. The volume indicator and the stock price movement are the critical elements in effectively interpreting stock charts. For example, when the price rises on increased trading volume, ...
we will be discussing how to read, analyse and understand the charts used for trading. We will use the chart of a cryptocurrency, Ethereum, as an example. You can however use the same principle in forex
The bottom line on how to read stock charts Stock charts contain a ton of information. They can help you make smarter trading decisions, but they can also be overwhelming. If you start by learning basic price terms like high, low, open and close, move on to some basic metrics like div...
An example on how to make trading journal (during and after the trade): Next… The charts of your trade At this stage, you’d want to save the charts of your trades. Higher timeframe chart This tells you where you are in the “big picture” and to identify keySupport & Resistance ar...
When To Sell StocksKnowing how to buy stocks correctly is crucial to learning how to make money in stocks. But understanding when to sell stocks — and having the discipline to do it correctly — is equally, if not more, important. You'll find that knowing how to read stock charts is ...
Default Charts on MT4 When you first open up your MT4 trading platform, you will see the MT4 default layout with various windows that are open. This can be a bit confusing to a beginner and which is why, it is important to customize the chart area so that you feel comfortable and are...
Forex trading is complex and requires a solid knowledge and understanding of fundamental and technical analysis (the method of forecasting price movements using charts and data). Those who have neither the time nor resources to become experts leave themselves open to making large losses. The health...
Scatter charts show the relationships among the numeric values in several data series, or between two groups of numbers as one series of XY coordinates. A scatter chart has two value axes, showing one set of numerical data along the horizontal axis (X-axis) and another one along the ...
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Technical analysis looks at price charts to find patterns that indicate trends and reversals. Technicians believe that these patterns are the result of market psychology. A price chart, then, can be thought of as a graphical representation of emotions such as fear, greed, optimism and pessimism, ...