CHARTIST Meaning and
Definition
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A chartist refers to an individual who adheres to technical analysis, a method of predicting future price movements in financial markets based on historic price and volume patterns. By studying and analyzing charts, chartists aim to identify trends and patterns to make informed investment decisions.
The practice of charting involves the interpretation of data presented in graphical form, including stock prices, trading volumes, and various indicators. Chartists believe that price movements follow recurring patterns, allowing them to anticipate future market behavior. They use different forms of charts, such as line charts, bar charts, and candlestick charts, to visualize price movements over different timeframes.
Chartists rely on indicators like moving averages, trendlines, support and resistance levels, and oscillators to identify entry and exit points for trades. These indicators provide additional insights into the market's sentiment and can help chartists spot potential buy and sell signals.
Chartists interpret chart patterns such as head and shoulders, double tops and bottoms, triangles, and flags to predict future price movements. By analyzing volume alongside price patterns, they can further validate or invalidate their predictions.
While charting is a subjective practice, chartists often combine their technical analysis with fundamental analysis, incorporating news events and economic data to gain a comprehensive understanding of a financial market. This integration allows them to make more well-rounded investment decisions.
In summary, a chartist is an individual who uses technical analysis and charting techniques to study and interpret price patterns, trends, and indicators to predict future market movements and make informed investment decisions.
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One of a body of political agitators who demand certain radical changes in the government.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for CHARTIST
- xhartist
- vhartist
- fhartist
- dhartist
- cgartist
- cbartist
- cnartist
- cjartist
- cuartist
- cyartist
- chzrtist
- chsrtist
- chwrtist
- chqrtist
- chaetist
- chadtist
- chaftist
- chattist
- cha5tist
Etymology of CHARTIST
The word "chartist" originated in the early 19th century in Britain, and it refers to a member or supporter of the Chartist movement. The Chartist movement was a political and social reform movement that emerged in the 1830s and 1840s, advocating for the extension of suffrage to all men, the introduction of secret ballots, parliamentary reforms, and other improvements for working-class people.
The word "chartist" is derived from the term "People's Charter", which was the primary document outlining the Chartist demands. The People's Charter called for six reforms: universal male suffrage, equal-sized electoral districts, voting by secret ballot, annual parliamentary elections, payment of Members of Parliament, and the abolition of property qualifications for MPs. The term "chartist" was likely coined because the movement's primary goals were outlined in the form of a charter or manifesto.
Similar spelling words for CHARTIST
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