Investing in stocks is a risky proposition for anyone, even experienced investors. But those who are in the know understand that using stock charts is an important key to success. Charts can help you identify trends before they become mainstream knowledge, and let you get a leg up on your competition. There are, of course, nuances within the technique, but the basis of it all is within the charts.
Key Takeaways:
- When you invest in stocks, you also need to use the right tools.
- While charts can be intimidating at first, with time and practice, you can learn how to properly interpret price and volume action on a daily and weekly basis.
- While fundamentals are important, they don’t tell you when to buy and sell. Charts can help you truly pinpoint your stock selection and timing.
“”Investors who train themselves to decode price movements on charts properly have an enormous advantage over those who either refuse to learn, just don’t know any better, or are a bit lazy,” wrote IBD Chairman William O’Neil in “How To Make Money In Stocks.””
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