Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Chartist definition

A chartist is a trader who relies predominantly on charts to help them understand a financial instrument’s historical price movements, in order to better predict and to speculate on its future performance. They are also commonly known as technical analysts, or technical traders.

There are several patterns that chartists will look out for as an indication of the future direction of an instrument. They will ascertain support and resistance levels – or the maximum the markets appear to be willing to let an asset move in a certain direction – in order to spot the best times to buy and sell assets.

Chartists differ from fundamental analysts, who look at an asset’s current fundamentals in order to decide on the best time to buy and sell. Many traders will use both fundamental and technical analysis when planning a trading strategy.

Visit our trading platform section

See our range of charts and charting tools here.

Contact us

New Accounts

1 844 IG USA FX

newaccounts.us@ig.com

Trading Services

1 312 981 0498

helpdesk.us@ig.com