Chartist definition

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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 including shares, indices, forex and much more.

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.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.