Stock Trading Charts for Beginners

Online Trading Made Easy - Stock Market Charting for Beginners

Stock trading appears to many to be at a crucial turning point at the moment. In the past few days I have seen 3 people predict a stock market crash. Rod Huusinen says it may have already begun, Enzio von Pfeil and Bob Flower independently say it is coming in October and it will be big.
The markets however sem to be determined to keep on going up - the DOW was up another 56 points today and the S&P was upanother 3. Stock markets have been rising steadily since the lows on March 9 and the S&P has risen over 50% in just 7 months.

So who is right are the markets going to carry on up or are we headed for an almighty crash. Well, I don't know, but I am convinced that whatever happens we will see it in the charts first. If you don't know how to read stock market charts then you really need to learn a minimum, as all traders use them and more often than not base their investment decisions on them. So to attempt stock trading online without understanding what other people are doing is suicide !

With this in mind here is a short but very informative video on DOW theory to introduce the basics of stock charting - by the guys at informedtrades.com. - the basic concept to retain is that technical analysis can help you get ahead of the market whereas fundamental analysis can't, news is of little use, as it is nearly always already reflected in the share price. Unless you are the next Warren Buffett that is and are ready to invest for the long term using only your knowledge of the fundamentals of a company.

Stock Trading Technical Analysis - DOW Theory




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Part 2 - Stock Charts for Beginners
Online Trading
Technical analysis
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