How Do You Learn Stock Chart Analysis?
Internet stock trading has become easy enough for anyone to do at home in their spare time. You can start trading stocks online today by just signing up with one of many online brokerages like E*Trade, ScotTrade, Fidelity – any online stock broker. That’s what I did with Fidelity. I started online trading right away… and lost all of my money within 2 years! Looking back now, I would have done a lot better had I known how to read stock chart patterns before I started. Let me show you now what I learned about ‘Technical Analysis’, and how this can help you before you make the same mistake I did. TRENDLINES — or, remember Newton’s First Law of Physics? ‘…an object in motion tends to stay in motion with the same speed and in the same direction unless acted upon by an unbalanced force.’ Stock prices tend to follow short- and long-term trends. Look at the image of the chart next to this step. Which direction do you think the ‘trend’ is? Right, it looks like it’s going up. If you can dra
