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Trading 101: Chart Patterns 2: Building a Trading Plan

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Trading 101: Chart Patterns 2: Building a Trading Plan

Introduction

This article was posted on Monday, 13:07, UTC.

After taking a look at the most common chart patterns, we will go a step further, and build simple trading strategies based on them. This process has a very important condition—traders should already understand the probabilistic nature of markets. Why? Because chart patterns will only help you if you use them as they supposed to be used; to increase the odds of success. That it is in stark contrast with the approach of a lot of beginners who treat these tools as the part of some sort of forecasting method. But if used correctly, chart patterns might give you the…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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