Wait, did you think you were going to have to research and
map out the market’s past all by yourself? Of course not!
There are people who get paid to do that sort of work. They
monitor the market hourly, daily, weekly, monthly, and
yearly so that they can provide big-time traders with the
same knowledge mentioned before. The more an
investment company knows about the market, the more
money they can make. The same is true for stockbrokers.
They make money when you make money, and they want to
do the best they can to make sure that you make intelligent
decisions.
The best part of this is that you have access to the same
information as these VIP clients. Chartists, who are
essentially market analysts that publish their findings in
easy to read charts, produce what is referred to as a
candlestick chart. These charts are basically a combination
of a line graph and a bar graph that show the trend of
various stocks, indexes, or other interests over a specified
period of time. Therefore, you can easily determine if the
commodity is on an uptrend or if it is taking a downturn,
when the last major change occurred, and how long it is
predicted that the stock or bond will continue on the current
path.
You can actually find information on most commodities and
their market trends for years in the past, and some even all
the way back to their introduction to the open market.
Using this information can help you decide whether it is a
good idea to buy or sell the stocks or securities in which you
have interest, or if it is better to hold off for a peak in the
market trend.