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:
- Line charts
- Bar charts
- Candlestick charts
- We will be using candlesticks from now on