Welcome to Chart Formations
Forex trading, stocks trading, index futures, commodities, and any other type of equity trading offers the great possibility of financial freedom, but is fraught with danger. The oft quoted statistic that 95% for all traders fail in the market is something anyone entering the market has to take heed of and prepare themselves so that they enter the market prepared and no illusions. There is money to be made, but equally, there is also money to be lost! Therefore, you need to consider what is needed to trade equities successfully.
There are three essential qualities anyone entering the market required if they hope to be successful. These are:
Expendable capitalCapital or money is the obvious requirement but note that we are not just talking about capital here, but expendable capital. This is because your dependence on that capital is important as it often places constraints on and impedes proper money management and often dictates your emotional response to trading.
PsychologyTrading often has a major psychological aspect in terms of emotional response to not only losses, but also winnings.
Trading MethodA holistic trading method is not just a trading system based to fundamental or technical analysis, but also encompasses money management and emotional response to the market.
This is where Chart Formations comes in. Chart Formations is an online stock trading resource that is dedicated to providing reliable information to assist users to trade the stock market, from the perspective of technical analysis. As such, we discuss information related to stock charts, technical indicators and technical analysis. The ultimate aim is to assist users in creating their own high probability, stock trading strategies. But our approach is more holistic as we focus not just on technical analysis but also on money management and psychology in the market environment.
Our site is continually growing as we add more articles and information so check back often and do send us your feedback so we can improve Chart Formations even further.