Charting Made easy

When it comes to conveying information to your audience, charts are a simple and effective way to do it. That is, if the charts are done right.

A lot goes into making the perfect visual content, and it's easy to lose a few elements through the cracks. Charts, when thrown together hastily, are often more harmful than helpful.

To help you avoid this, we've put together a list of helpful do's and don'ts to keep in mind when creating your own data representations, whether in the form of simple bar charts and graphs or more complex interactive visualizations.

As you prepare your graphics, it is important to choose a chart which best suits your data.

Do use the appropriate chart for your data. Know your basic charts and what they are best at so you can create the most effective graphic for your audience. Three of the most popular charts are bar, pie, and line charts. At the same time, there are two types of data, qualitative and quantitative, which can each be divided into two subtypes.

Successful participation in the financial markets virtually demands some mastery of chart analysis. Consider the fact that all decisions in various markets are based,in one form or another,on a market forecast.Whether the market participant is a short-term trader or long-term investor, price forecasting is usually the first,most important step in the decisionmaking process.To accomplish that task, there are two methods of forecasting available to the market analyst the fundamental and the technical.

Fundamental analysis is based on the traditional study ofsupply and demand factors that cause market prices to rise or fall.In financial markets,the fundamentalist would look at such things as corporate earnings, trade deficits, and changes in the money supply.The intention of this approach is to arrive at an estimate of the intrinsic value of a market in order to determine if the market is over- or under-valued.

Technical or chart analysis, by contrast, is based on the study of the market action itself. While fundamental analysis studies the reasons or causes for prices going up or down,technical analysis studies the effect, the price movement itself. That's where the study of price charts comes in. Chart analysis

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