Beginner

Type of chart

 

Summary of Analysis & Charts

 

Types of Trading:

  • There are 2 types of analysis: Fundamental and Technical

  • Fundamental analysis is the analysis of a market through the strength of its economy.  (i.e. the dollar gets stronger because the US economy is getting stronger)

  • Technical analysis is the analysis of price movements.  Technical analysis = charts.

  • Technical analysis also helps us identify trends which can help us find profitable trading opportunities.

  • To become a successful trader, you must always incorporate both types of analysis.

 

 

Types of Charts:

  • There are three types of charts: 
    1. Line charts
    2. Bar charts
    3. Candlestick charts 
  • We will be using candlesticks from now on

 

 

 

 

 

 

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