Jumat, 29 Juni 2018

Trading Charts Like a Market Pro

 
Trading Tips
 
What Charts Can Tell You About Risk and Reward
Price charts contain an incredible amount of information, so much that it is possible to end up being unable to decide because of an information overload. That does happen to some traders who look at charts with an eye towards too much detail.

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This week, in our latest article, we explain a different approach to reading charts. We begin with a look at how to find stocks that could have interesting chart patterns and then discuss specifically how to find the potential gains, the possible risks of the trade and how long to expect a trade to be open.

We detail:

• How you can find stocks to consider trading using a free tool available on the internet to identify stocks that meet important requirements.

• Exactly what the requirement for an interesting chart is and then how you can apply that knowledge to analyze the chart.

• A description of how to identify the potential gain in a trade so that you can decide whether the trade is worth taking.

• A technique to quantify the risk of the trade based on the chart pattern so that you can evaluate potential rewards, considering the specific risks of the trade to find the patterns that best match your trading style.

• A rule to determine how long you can expect a trade to be open.

For all of this and more, you can click right here.
 
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