A chartist is a trader or investor who uses charts and technical analysis to inform their trades. Chartists believe that historical price and volume data can be used to identify patterns and trends that can be used to make trading decisions. They often use a variety of tools, such as moving averages, relative strength indicators, and trend lines, to help them identify potential buying and selling opportunities. Chartists also pay attention to key levels of support and resistance, which can indicate potential areas where the price of an asset may change direction. Overall, chartists rely on charts and technical analysis to help them make data-driven trading decisions.

The role of a chartist in trading is to analyse financial markets using price charts and technical indicators to forecast future price movements. Unlike fundamental analysts, who study economic data and company financials, chartists focus solely on historical price patterns, trends, and trading volumes to identify opportunities. They use tools like support/resistance levels, moving averages, candlestick patterns, and momentum oscillators to predict market behaviour. Chartists believe that all relevant market information is reflected in price action, making their approach ideal for short-to-medium-term trading strategies like swing trading or day trading. By identifying recurring chart patterns (e.g., head and shoulders, triangles), they aim to time entries and exits with precision. While subjective at times, charting provides actionable insights, helping traders manage risk, set stop-loss orders, and capitalise on trends without relying on external news or fundamentals.

A chartist, or technical analyst, plays a crucial role in trading by studying price charts and market patterns to predict future price movements. They rely on historical data, trends, and technical indicators like moving averages, RSI, and MACD to identify trading opportunities.

Chartists help traders make informed decisions by analysing support/resistance levels, candlestick patterns, and chart formations (e.g., head and shoulders, double tops). Their expertise aids in timing entries and exits, managing risk, and maximising profits. Unlike fundamental analysts, chartists focus purely on price action and volume, making them essential in short-term trading, swing trading, and day trading. Their insights provide traders with a strategic edge in volatile markets.