What is a chartist?
A chartist – or technical analyst – is someone who tracks the historical prices of an investment, such as equities, currencies and commodities, to predict its future movement. They’re so-called because they use charts or graphs to carry out this work.
Where have you heard about chartists?
You may have heard about chartists when looking for help with your investments. This school of thought doesn’t believe that the prices of investments are arbitrary. In fact they believe that history always repeats itself.
What you need to know about chartists.
Chartists look to pinpoint patterns and trends in prices through mathematically based indicators that calculate trends. Chartists believe that it’s possible to judge when the optimum time is to buy or sell an investment.
While lots of people rely on chartists to help them with their investments, it should be noted that past performance should be no indicator of future success when it comes to your finances. No one can truly guess the future of the stock market.