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The easy way to get started in stock charts
Many trading and technical analysis books focus on how to use charts to make stock trading decisions, but what about how to actually build a chart? Stock Charts For Dummies reveals the important stories charts tell, and how different parameters can impact what you see on the screen. This book will explain some of the most powerful display settings that help traders understand the information in a chart to find outperformance as its beginning.
Stock Charts for Dummies will teach you how to build a visually appealing chart and add tools based on the type of trading or investing decision you're trying to make. It will also introduce you to the pros, cons, and best practices of using three key types of charts: Candlesticks, Bar Charts, and Line Charts.
Build and use technical chart patterns
Increase profits and minimize risk
Track and identify specific trends within charts
A unique guide for beginning traders and investors, Stock Charts for Dummies will help you make sense of stock charts.
Auteur
Greg Schnell, CMT, MFTA, specializes in intermarket and commodities analysis for StockCharts.com. He contributes market analysis commentary to several blogs that garner between 5,000 and 10,000 readers weekly. Lita Epstein, MBA, has written more than 40 books, including Trading For Dummies, Bookkeeping For Dummies, and Reading Financial Reports For Dummies.
Texte du rabat
Increase profits and minimize risk Track and identify chart patterns You already know a bit about investing in stocks and the language of the market. You've read about technical analysis, but that requires understanding how to build the charts you need to use. Charting helps you visualize market trends. The more you know about building and using charts, the more successful your stock trades can be. Stock Charts For Dummies shows you how to construct and use candlestick, bar, line, and area charts. You'll discover what each type of chart does best, and what tools you can add to the charts to make them more effective. Then you'll learn how to organize your charts, personalize them, and use them to track market trends and make smarter trading choices. Inside
Résumé
The easy way to get started in stock charts Many trading and technical analysis books focus on how to use charts to make stock trading decisions, but what about how to actually build a chart? Stock Charts For Dummies reveals the important stories charts tell, and how different parameters can impact what you see on the screen. This book will explain some of the most powerful display settings that help traders understand the information in a chart to find outperformance as its beginning. Stock Charts for Dummies will teach you how to build a visually appealing chart and add tools based on the type of trading or investing decision you're trying to make. It will also introduce you to the pros, cons, and best practices of using three key types of charts: Candlesticks, Bar Charts, and Line Charts.
Contenu
Introduction 1
About This Book 1
Foolish Assumptions 2
Icons Used in This Book 2
Beyond the Book 3
Where to Go from Here 3
Part 1: Getting Started with Stock Charts 5
Chapter 1: Brushing Up on Stock Charting Basics 7
Minimizing the Emotional Roller Coaster of Investing 7
Viewing Stocks from Varying Perspectives 8
Discovering All the Tools You Can Use with Your Charts 8
Getting Organized with Your Charts 9
Customizing Your Charts 10
Putting Everything Together 10
Chapter 2: Using Charts to Minimize Your Emotional Roller Coaster 11
Getting Ready for the Emotions of Owning a Stock 11
Understanding a few market basics 12
Leveling the playing field 14
Building a Chart to Track and Control Emotions 15
Checking Out Index Charts 17
Indexes around the world 18
Commodity indexes 19
The S&P 500 20
Defining Trends 20
Part 2: Viewing the Money Trail Through Different Lenses 23
Chapter 3: Focusing on Chart Settings 25
Choosing Chart Attributes 26
Starting with the time period, range, and spacing 26
Defining the price display 29
Displaying volume and toggles 33
Setting Overlays 34
Selecting Indicators 36
Common indicators 36
Volume and price as indicators 37
Chapter 4: Burning the Candle at Both Ends with Candlestick Charts 39
Deciphering the Parts of a Candlestick Chart 40
The candle body 41
Shadows on a hollow candle 42
Shadows on a filled candle 43
Windows 44
Introducing Color onto a Candlestick Chart 45
Crafting Your Chart 46
Reading and Using Your Chart to Make Decisions 48
Knowing when candles matter 48
Buying based on bullish candlestick patterns 49
Chapter 5: Spotting Differences with Bar Charts 51
Beginning with Bar Chart Basics 51
Price bar components 51
Different types of bar charts 52
Building a Bar Chart from the Ground Up 54
Putting a Bar Chart to Work 55
Gaps 55
Short bars versus long bars 56
Trading ranges, support, resistance, and breakout 56
Chapter 6: Seeing What's Trending with Line Charts 59
What Is a Line Chart? 59
Making a Line Chart the Easy Way 61
Reading and Using Your Chart Line by Line 62
Adding support and resistance lines 63
Knowing when lines matter 64
Chapter 7: Getting the Lay of the Land with Area Charts 67
Comparing Area Charts to Line Charts 67
Making an Area Chart You Can Show Off 69
Strengthening or dimming the area display 69
Trying different colors 70
Adding color lines to emphasize change 70
Looking at legends and labels 71
Adding a Personal Touch with Styles 71
Knowing When Area Charts Matter 72
Part 3: Using Chart Tools for Decision Making 75
Chapter 8: Charting Different Time Periods 77
Converting Candlestick Charts to Different Periods 78
60-minute to daily candle display 78
Daily to weekly candle display 79
Daily to monthly candle display 79
Weekly to monthly candle display 80
Converting Bar Charts to Different Periods 81
60-minute to daily bar charts 81
Daily to weekly bar charts 81
Weekly to monthly bar charts 82
Converting Line and Area Charts to Different Periods 83 Taking It One Day at a Time with Daily Charts 84</p...