Allstocks.com's Bulletin Board: Learning Charts

This is topic Learning Charts in forum General Investing Topics at Allstocks.com's Bulletin Board.

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Posted by JF Glass Works on :

Who might know of the better websites to go to for learning to read charts? Are there any good books to look for?

Posted by Relentless Despot on :

http://stockcharts.com/education/
http://trader.snowseed.com/patterns.htm
http://www.incrediblecharts.com/technical/easy_guide.htm
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/forum/f/9.html
read read read read.. any questions.. please ask

Posted by 10of13 on :

http://www.chartpatterns.com/flagsandpennants.htm

http://www.hotcandlestick.com/faq.htm#4

http://encyclopedia.thefreedictionary.com/Candlestick+chart

http://investrio.investopedia.com/university/technical/technical3.asp

http://www.investorwords.com/691/candlestick_charts.html

http://www.investopedia.com/terms/l/level2.asp

this next one you can actually open an account with "play money" and see if your ideas work
http://www.fxsol.com/getting_started/practice_account.asp

Posted by JF Glass Works on :

You guys rock!!!!!

I have been picking it up slowly by reading the discussions, but now I can really learn.

THANKS!!!!!!!!

Posted by Relentless Despot on :

JF, one thing that is really important to learning how to read charts is to back test..
Use a few different stocks, prefferably Nasdaq or NYSE stocks and bring up various charts for those stocks..
After you learn what the different indicators are use them all... one at a time on the different stocks..
After a while you will begin to see patterns as to how each indicator gives a signal..
Generally you'll know how long a while is after your eyes begin to cross...

Posted by Machiavelli on :

Two books i recommend for charts are:

A Beginner's Guide to Short-Term Trading by Toni Turner www.toniturner.com

The Candlestick Course by Steve Nison www.candlecharts.com