Learning to read a stock chart is one of the first steps in becoming my next millionaire trading challenge student as price action is key for traders. Charts are full of useful information and provide many of the necessary data points to determine trends and make inferences about future price movements, but also please see this free penny stock guide for more indicators to use.
As always, there is more than meets the eye and history doesn’t always guarantee the future, so it’s important to understand stock charts, their strengths and limitations.
I created this infographic to demonstrate the parts and uses of stock charts.
Click the image below to view
Stock charts provide us with a visual understanding of price movements over daily, weekly, monthly and yearly periods. Building a foundation of knowledge is important before you invest. Developing your understanding of stock charts is an excellent first step. Remember that investing always involves risk and past price movements do not necessarily dictate the future.
As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!
Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.
So when you get a chance make sure you check it out.
PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.