| Analyzing and predicting financial data is an integral | | | | share prices are going up or down, Additionally, it |
| part of stock trading. Many types of charts are used | | | | helps to know the historic opening and closes prices |
| in share market analysis in order to identify trends - | | | | of each share - this data can be conveniently- |
| this helps in buying and selling stocks. | | | | presented on charts. |
| Both beginners and seasoned financial planners need | | | | Though there are many types of stock trading |
| to read and interpret data from different types of | | | | charts, one must know the commonly used ones and |
| stock charts, this requires some skill as it is not easy | | | | their advantage in understanding stock data. The 'line |
| for a layman to understand stock charts.. | | | | chart' is the simplest - it shows a line connecting the |
| By going through financial websites one can see that | | | | dots - which represents the closing price of a share. |
| a lot of information is shown in charts, these are | | | | This chart is good for beginners but it does not show |
| extremely helpful in making the right business | | | | the price movement for each day. Line charts are |
| decision. The first thing to understand is trends, the | | | | mostly used to see share price movement at a |
| trend shows the direction of a share - whether the | | | | glimpse, but not for any trend research. |