Chartist definition
Chartist
A chartist is a trader that analyses a market’s price history to determine future price trends. A chartist will use a range of analytical tools, as well as indicators, to conduct technical analysis on a market’s price chart.
Chartists look for patterns in a market’s price behavior. By identifying these patterns, chartists can then try to predict future price movement and make trades to capitalize on them. For example, they might try to identify a trend as it forms, then profit from the resulting move.
A chartist’s trading strategy relies heavily, but not always exclusively, on technical analysis. Sometimes, a chartist can incorporate fundamental analysis along with technical analysis into their trading strategy.
Chartists vs fundamental analysts
The difference between a chartist and a fundamental analyst is that a chartist will look at the history of a market’s price to influence their trading decisions. Fundamental analysts, on the other hand, will attempt to calculate a market’s intrinsic value by evaluating a number of factors, including overall economic strength and specific industry conditions.