Chartreaders Blog

     Aside from trading terms and miscellaneous vocabulary, the real traders’ language is in the charts. This is where the orders are recorded causing the buy or sell signals to appear. Charts are used to track many things, but in the trading business, they are used to record a variety of different price movements, with [...]

     The next time you walk through your local hardware store or building supply center, notice the variety of products for sale and the volume available. Try to imagine what it must be like to select, order, organize, and maintain such a large number of items. If the store is part of a national chain, think [...]

      Predicting price movement and direction is a challenge faced by all traders. There are a number of news events that will move the market, however the severity or size of  the movement is unpredictable.  Most traders will stand aside 10 or 15 minutes before and after  these announcements.

Non-Farm Payroll  is a monthly report on the employment [...]

     The simulator is one of the most effective training devices ever invented. It allows students to practice their trade, whatever it is, without risk, at their convenience, in real time conditions.  The aviation industry’s use of simulators is widely known, and is very successful.

     The most common way new traders gain proficiency is also by [...]

Many people have heard traders refer to “going long” or “shorting the market”, but these terms can be difficult to understand unless you use them on a regular basis.

In trading futures contracts, we have the ability to trade whether the market is going up or down. In the case of the S&P e-mini, the index movement [...]

Many of you who are non-traders will recognize ticks as the little critters that torment moose and deer in the northern bush and can, occasionally end up in peoples hair, especially in early summer.

In Chicago, on the futures markets, ticks are a traders friend. They are how we keep score.

Each point we win or lose, [...]