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Testimonials

Great site Kenny.

Technical Analysis written in a straightforward way so that everyone understands.

There's only a small few who get it consistantly correct and you are certainly in that group. Chris


Thanks for putting this all together and sharing! BHW



Awesome Stuff! Kenny has shown time and time again the ability to show us direction in these markets. Khalsa



Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see.

Thanks for sharing.
Gene
 



Took a gold short at 1240 just closed at 1203 :-)))))))))))))))))) ........ top call!!  Gekko

Understanding Stock Charts

Stock Market Technical Analysis


Understanding Stock Charts Basics

This section is to help beginners in understanding
stock charts analysis. It is an essential part of learning about the stock market basics and technical analysis fundamentals. If you already know the basics please take a look at our technical analysis tutorial for an advanced explanation of how to read stock charts.

 We can often gain a lot of information from studying a stocks chart so it is essential to gain an a knowledge of, and learn the basics of understanding how to read stock charts, even if you dont use technical analysis as part of your main stock picking strategy.

Understanding Stock Charts Technical Analysis Basics


Understanding Stock Charts - Basics Explained

A stock chart has two axis. The horizontal axis shows time and the vertical axis shows price.

Horizontal axis - Time

Each charting software package has its own settings but most will allow you to view a stocks chart in different time frames. ie monthly, weekly, daily. Intraday technical analysis charts usually have 4hr, 1hr, 30min,15min, 5min and 1min settings and some have more.
In other words, prices on the chart are divided into what ever time frame you have selected to view it in...eg 1hr segments.

Vertical axis - Price

The chart records the stocks price information for each time segment you have chosen and the different types of charts all show this in different ways with varying degrees of detail.



Understanding Different types of stock charts

Stock Index Symbols

Each Stock, commodity, stock index etc has a symbol called a ticker. This is used by the Stock Excanges to identify each instrument. You enter these symbols or tickers into your charting softwares to display the chart for that particular market.



Free Stock Market
Trading Course


A Free 10 part stock market beginners trading course. This trading course offers an introduction to understanding how the financial markets work and how to trade successfully.


"Risk comes from not knowing  what you are doing"

--Warren Buffett--


Financial Spread Betting


Tax Free Trading in the UK*

What is spread betting (spread trading) and how does it work? Learn about the many advantages of financial spread betting and find out where you can spread bet.

Elliott Wave Theory


Learn how Elliott Wave analysis can improve your trading. Find out how to access a Free 10 part tutorial for learning about the basics of Elliott Wave analysis.

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Stock Market Trading with Technical Analysis Charts - Learn How to Trade Successfully!