4. Day Trading Lesson 4: The Basics of Charts

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The fourth lesson in a series on technical analysis for day traders of the forex, futures, and stock markets.

The tool of the day trader when analyzing the forex, futures, or stock markets is the price chart. Very simply a price chart is a chart showing the movement of the price of a financial instrument over a chosen time.

Most charts will allow a wide variety of time frames to be displayed and the time frame that day traders choose to use varies widely and depends on each traders trading style. In general, longer term traders will focus on daily time frames and above, and shorter term traders will focus on intraday charts such as hourly or 15 minute charts. Many traders will also use a combination of time frames in order to get a full picture of what price has been doing by, for instance, looking first at a longer term daily chart, then moving to an hourly chart, and then finally to a 15 minute chart.

Category:

Howto & Style

Tags:

• daytrade
• forex
• stocks
• fututres
• trading
• investing
• money
• business
• finance
• informedtrades

[MASON091]

Thanks for the video...Im going to watch alot more of your videos, very informative, and easy to understand.

[InformedTrades]

Thanks Mason glad you enjoyed it :)

[castelinop]

Great tutorial, lets me reinforce my knowledge. Good Job.

[InformedTrades]

Hey Castelinop,

 Thanks I'm glad you liked it.

-Brendan

[chico253]

Thanks for your video on Graphing. I have just started trading and you have answered a few questions I had about the graphs. The ticks on the bar graphs is one I didn't know about. Thanks for your help!

[InformedTrades]

Glad I could help and thanks for watching. Best Regards, Dave

[JamesBikeClub]

As a novice trader (been trading practice accounts for about 3 months) I find your videos simple and to the point. Thanks for your effort! Looking forward to the next 73 in this series!

[stemikger]

I'm a newbie interested in learning. Thanks for posting.

[saweaq1]

thank you David for sharing your knowledge. must appreciate it.

[primepeng]

thank you for sharing your lesson.

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[missrosetejano]

thanks

[freeSCALPINGindicato]

this is brilliant - people Scalping is the best on Forex... so easy!

[siraj6282]

your videos are very simple to understand and also very effective......thanks a lot mate.......