What is Chartystskyy’
Chartist-an individual who uses charts or graphs of a security’s historical prices or levels to forecast future trends. A chartist essentially looks for well known patterns such as head and shoulders or levels of support and resistance levels in securities so as to trade more profitably. The chartists were trading on all markets where trading of financial instruments – stocks, currencies, commodities and bonds. Chartist is also known as technical analyst.
Breaking down the ‘Analytics’
Chartists usually believe that price movements in a security are not random but can be predicted on the basis of analysis of past trends and other tools for technical analysis. Chartist may or may not combine fundamental analysis with technical analysis when assessing whether to buy or sell a stock or security. Those who combine both disciplines argue that while fundamental analysis helps in deciding which stocks or security to buy or sell, optimal use of technical analysis when deciding when to buy or sell a stock or security.
As a rule, chartists will use a combination of indicators of personal mood and the psychology of trading to make investment decisions. Historically proven patterns and trends are the main focus to determine buy and sell decisions. Channels the envelope, and in particular, Bollinger bands can be one of the most reliable models pricing analyst will look for investment signals.
In General, the chartists have a wide range of models and signals, which they can follow to support their analysis. Serious chartists may seek to obtain market technician, which is sponsored and written market Association professionals. (See. also: became a certified specialist of the market)
The chartists rely on technical analysis, trading systems that form the basis for their investment transactions. Since many technical analysts day traders these systems are typically designed for individual traders. Chartists there are many options to choose from a variety of programs available through brokers. Brokerage services often include comprehensive software signs graphics patterns in their service. However, many advanced chartists, choose to receive graphical programs from independent suppliers, which allows them to have access to the full range of available models of graphs.
Some of the most popular independent chartist platforms provider include: metastock’a, worden TC2000, temporary coincidence, ninjatrader, Wave59 pro2, EquityFeed station, ProfitSource, VectorVest and MarketClub Ino. (For more on these platforms, see also: the best technical analysis trading software) usually all of these platforms offer a rich set of customizable templates for plotting. Platforms will vary depending on the specific markets they serve, as well as additional information they can provide, such as integrated news and fundamental data.