Want to make some extra money by investing? Charts can seem complicated at first, but with the right tips, you'll understand everything in no time. In this guide, we'll show you the most important patterns to help you start investing and make a profit, even if it's just little by little.
Why use 30 minute charts?
Think of a chart as a map of the market. 30-minute charts are like a street map: you can see small, quick changes, but also larger trends. It’s perfect for beginners, as it gives you a clear view of what’s happening in the market.
Patterns to keep an eye on:
* Reversal Patterns: These are like traffic signs telling you that the direction is going to change. When you see one of these patterns, it may be a good time to buy or sell.
* Double Top and Head and Shoulders: Indicate that the price may fall.
* Double Bottom and Inverted Head and Shoulders: Indicate that the price may rise.
* Continuation Patterns: These patterns show that the price will continue in the same direction. It's like a straight road: you just need to keep going.
* Flag and Pennant: These are quick pauses before a new movement.
* Triangle Patterns: These patterns create tension in the market, and when the tension explodes, the price moves quickly.
Tips to help you start investing:
* Start slowly: Don't invest all your money at once.
* Be patient: Making money in the market takes time.
* Always study: The more you learn, the better your decisions will be.
Conclusion:
With a little practice and dedication, you will be able to understand the charts and make smarter decisions. Remember: the important thing is to start and learn from your mistakes.
