Chartist

Dictionary Says

Definition of 'Chartist'

An individual who uses charts or graphs of a security's historical prices or levels to forecast its future trends. A chartist essentially looks for well-known patterns such as head-and-shoulders or support and resistance levels in securities so as to trade them more profitably. Chartists ply their trade in all markets where financial instruments are traded - equities, currencies, commodities and bonds. A chartist is also known as a technical analyst.
Investopedia Says

Investopedia explains 'Chartist'

Chartists generally believe that price movements in a security are not random, but can be predicted through a study of past trends and other technical analysis. A chartist may or may not combine fundamental analysis with technical analysis when assessing whether to buy or sell a stock or security. Those who combine both disciplines maintain that while fundamental analysis helps in deciding which stock or security to buy or sell, the optimal application of technical analysis is in deciding when to buy or sell the stock or security.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Technical Analysis

    A method of ...
  2. Price By Volume Chart - PBV

    A horizontal ...
  3. Daily Chart

    A line graph ...
  4. Parabolic Indicator

    A technical ...
  5. VWAP Cross

    A trading ...
  6. Fundamental Analysis

    A method of ...
  7. Top-Down Analysis

    A method of ...
  8. Risk

    The chance that ...
  9. Universe Of Securities

    A set of ...
  10. Arithmetic Mean

    A mathematical ...

Articles Of Interest

  1. Basics Of Technical Analysis

    Learn how chartists analyze the price movements of the market. We'll introduce you to the most important concepts in this approach.
  2. Dow Theory: Dow Theory Specifics

    Charles Dow relied solely on closing prices to confirm trend signals.
  3. Western Line Vs. Candlestick Charting

    These methods both have their merits, but they may be strongest when combined.
  4. Confirming Price Movements With Volume Oscillators

    Use this indicator to validate a change in price direction and moving averages.
  5. Charting Your Way To Better Returns

    Learn about the powerful hybrid techniques that take advantage of both technical and fundamental analysis.
  6. Analyzing Chart Patterns

    Learn how to evaluate a stock with a few easy-to-identify patterns.
  7. Tips For Controlling Investment Losses

    A profit/loss plan helps investors recognize mistakes and invest logically, rather than emotionally.
  8. Triple Screen Trading System - Part 4

    How can a trader use the Elder-Ray oscillator as the second screen of this system? Find out here.
  9. Triple Screen Trading System - Part 3

    Learn about market wave, the second screen in this three-part system.
  10. Triple Screen Trading System - Part 2

    Market tide is the basis for making trading decisions in this three-part system.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center