| is a great website I've been using to expand my | | | | simplicity fool you either. These point and figure |
| ability to interpret stock charts as well as different | | | | charts will also signal trend reversals as well as |
| tools that chartists use to identify buy and sell signals | | | | breakouts and price objectives. Take a look for |
| in stocks. The website is free for the most part, and | | | | yourself. |
| they even have a chartschool that will take you from | | | | There are also charts for commodities, indices, and |
| a complete beginner to a very advanced look at | | | | currencies along with many features. A useful tool is |
| charting. Also there are many great articles going | | | | the market feature which allows the user to manually |
| back to the early concepts that have laid the | | | | scan the market back and forth along different time |
| foundation for technical analysis. | | | | frames with individual sectors represented by boxes |
| I've only scratched the surface and I am looking | | | | that change color based their individual performance. |
| forward to getting through all the material. One thing | | | | This helps identify how the sectors are performing in |
| that I want to point out for beginners is the point | | | | relation to each other. |
| and figure charts. These types of charts don't include | | | | There are many more tools on this site that display a |
| a lot of the busy data that can be confusing or send | | | | multitude of data from multiple angles, including |
| false signals. Instead they really outline support and | | | | proprietary indicators. The provides a plethora of |
| resistance levels, as well as the up and down trends | | | | instruction and data at no cost along with a paid |
| which are basic fundamentals of interpreting charts | | | | subscription option that offers more features. |
| and very important for beginners. And don't let the | | | | |