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Follow on Google News | Reading Options Charts - Reading Charts Can Make You WealthyCharts record a commodity or stock's price and volume history. If you can interpret these charts properly, they will help you determine whether a commodity or stock is strong, and under accumulation, or weak, and under distribution.
By: Trading Expert Charts record a commodity or stock's price and volume history. If you can interpret these charts properly, they will help you determine whether a commodity or stock is strong, and under accumulation, or weak, and under distribution. Traders and investors who educate themselves to properly read charts have a huge advantage over those who do not, for whatever reason. Put as many factors as possible in your favor before taking a position in the market. Reading charts, or technical analysis, is a key factor. Chart patterns, which can also be called,"bases" Major trends occur off solid, recognizable price patterns. Fortunes are made by traders and investors who put in the time and effort to properly interpret charts. The reason these successful price patterns repeat themselves over and over is because of psychology. Human nature does not change, and it never will. You are seeing human nature recorded in charts. Understanding proper trading psychology, and reading charts, are keys to successful trading and investing. A great way to see the future is by studying the past. Analyze the chart patterns of the most successful stocks, and the major commodity trends that have made fortunes, for those who interpret them properly. Remember, these price patterns on the chart were made by human nature in action, and human nature will never change. A great way to begin your chart reading, or technical analysis education is by reading,"Introduction to Technical Analysis", by Martin Pring. Pring is a true expert in the field. Get Internet #1 - Reading Options Charts @ http://tradingcure01.webs.com and be Successful forever! # # # Always dream of being Rich? Never able to make a Consistent Profit through trading? Get Internet #1 - Reading Options Charts @ http://tradingcure01.webs.com and be Successful forever! End
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