Market corrections are one of the only certainties that you can expect when discussing the stock market. After the market has risen steadily for a certain period of time, experts will eventually begin discussing when it might take place. When a stock index falls by more than 10%, it’s said to have entered a market…
Category: Charting
Day trading reversals are one of the most common and profitable strategies employed by traders across the world. In fact, due to their excellent risk/reward ratio, many base their entire careers on them. But if you’re looking at trading reversals, you want to ensure you only trade in the extremes. There may be times when…
Our StockCharts review delves into this charting platform. As you know, to be successful as a day trader it’s critical you have the right charting software at your disposal. It’s akin to running a marathon; you’re not going to get too far running in flip flops. What Is StockCharts & Are They Worth It? (Review…
MultiCharts Review: Back in 1999, Dennis Globa, one of the principals behind Multicharts, got involved with some of his friends in Forex trading. He soon realized that the trading platforms available in the industry at the time offered limited choices. This forced him to combine multiple services to get the job done. Still today, trading…
Looking for how to read trading charts? 1. Use a charting platform such as ThinkorSwim, TrendSpider or StockCharts. 2. Learn how to read candlesticks charts and patterns. 3. Look for bigger overall patterns such as flags, pennants, wedges, triangles, and cup patterns 4. Trendlines and horizontal lines will help determine entries and exits. 5. Cut…
Watch our video on the importance of Japanese candlestick charting techniques. These are the most popular type of candlesticks and a huge part of building your foundation as a trader! What Is Japanese Candlestick Charting Techniques? Japanese candlestick charting techniques is the modern day version of how to read a stock chart. Bar charts and…
You may actually have landed on this TradingView Review because you were googling it after hearing other traders talking about it. TradingView is, first and foremost, for stock charting. In fact, the reason traders hear about it is likely because, since its inception in 2011, it’s surpassed in popularity older web-based charting such stockcharts.com (1999),…
The Money Flow Index is another technical analysis tool used in stock market trading. Stock Charts defines MFI as an oscillator that uses both price and volume to measure buying and selling pressure. RSI only looks at price to show if a stock is oversold or overbought. The two indicators are similar. As a result, the…
A candlestick cheat sheet is a great tool to have when you’re a new trader. In fact, even experienced traders can benefit from having a candlestick cheat sheet. We’ve created custom-made desktop wallpaper backgrounds of bullish candlesticks patterns, bearish candlesticks, as well as reversal patterns. Also, included is our free e-book breaking how to trade…
Candlestick chart patterns are the most important aspect to learn if you want to become a successful trader. Price action is instant and the most accurate trading indicator of them all. It forms the basics of candlesticks and these patterns show very important support and resistance levels. Patterns such as flags, pennants, triangles, wedges, and…
