Stock Charts for Dummies - (For Dummies) by Greg Schnell & Lita Epstein (Paperback)

About the Book

Book Synopsis

Many trading and technical analysis books focus on how to use charts to make stock trading decisions, but what about how to actually build a chart? Stock Charts For Dummies reveals the important stories charts tell, and how different parameters can impact what you see on the screen. This book will explain some of the most powerful display settings that help traders understand the information in a chart to find outperformance as its beginning.

Stock Charts for Dummies will teach you how to build a visually appealing chart and add tools based on the type of trading or investing decision you're trying to make. It will also introduce you to the pros, cons, and best practices of using three key types of charts: Candlesticks, Bar Charts, and Line Charts.

• Build and use technical chart patterns
• Increase profits and minimize risk
• Track and identify specific trends within charts

A unique guide for beginning traders and investors, Stock Charts for Dummies will help you make sense of stock charts.

From the Back Cover

• Build and use a variety of charts
• Organize and manage your charts for greater trading success
• Increase profits and minimize risk

Track and identify chart patterns

You already know a bit about investing in stocks and the language of the market. You've read about technical analysis, but that requires understanding how to build the charts you need to use. Charting helps you visualize market trends. The more you know about building and using charts, the more successful your stock trades can be. Stock Charts For Dummies shows you how to construct and use candlestick, bar, line, and area charts. You'll discover what each type of chart does best, and what tools you can add to the charts to make them more effective. Then you'll learn how to organize your charts, personalize them, and use them to track market trends and make smarter trading choices.

Inside...

• Define and track trends
• Chart different time frames
• Use overlays and indicators
• Group charts by industry
• Add personal style to charts
• Learn from your wins and losses
• Avoid common mistakes

About the Author

Greg Schnell, CMT, MFTA, specializes in intermarket and commodities analysis for StockCharts.com. He contributes market analysis commentary to several blogs that garner between 5,000 and 10,000 readers weekly.

Lita Epstein, MBA, has written more than 40 books, including Trading For Dummies, Bookkeeping For Dummies, and Reading Financial Reports For Dummies.