Author: Charles Drummond
Charles Drummond (born 1936) is a Canadian trader and market technician. He is a securities trader, author, educator, speaker and technical analyst. He developed and popularized the “Point and Line” method of technical analysis, which is also called “P&L Charting” and Drummond Geometry.
Drummond was raised and had the greater part of his career in Toronto, and traded in the Toronto futures exchanges in the 1970s and 1980s as he developed his theories. In the late 1980s he relocated to Nova Scotia where he maintained an organic farm and wrote many of his works on technical analysis.
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What is Trading?
Everybody is familiar with the term “trading”. Most of us have traded in our everyday life, although we may not even know that we have done so. Essentially, everything you buy in a store is trading money for the goods you want.
At tradimo you will learn how to trade the financial markets online – but exactly what is online trading? This article will give you an understanding of how trading can be defined and how online trading works.
The principles of trading
The term “trading” simply means “exchanging one item for another”. We usually understand this to be the exchanging of goods for money or in other words, simply buying something.
When we talk about trading in the financial markets, it is the same principle.