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 speculate on its future direction.
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.
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.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.