Learn how to read charts for short-term trading and analysis. We explain the types of trading charts and reveal the best charting software.
we will be discussing how to read, analyse and understand the charts used for trading. We will use the chart of a cryptocurrency, Ethereum, as an example. You can however use the same principle in forex
You now have the 5 essential keys to how to properly read Forex charts, which will help you to avoid the common mistakes which many Forex beginners make when looking at charts, and which will speed up your progress when you're looking at Forex charting packages, and Forex trading systems t...
1. Bar charts (HLC / OHLC)– This is the most widely used chart and the default I use myself on this site. It is constructed to show four pieces of information: opening price (optional), closing price, high of the day, and low of the day. Looking at each day’s history, a vert...
Read this article because it gives the 50,000-foot view on reading stock charts, a fundamental skill for enhancing your trading decisions in the stock market.
Further study of the bar charts leads to the individual bars. Depending on the time frame, each bar will contain the open, high, low, and close of the price for the specified period. What you should recognize are where it opened, where it closed, and the range in fluctuations. The open...
Ticker– this is the symbol that the company obtained when filing to go public and is what is used when pulling up charts on a trading platform. No two companies can have the same ticker. In this example AAPL is the ticker used for the company Apple Inc. ...
The chart below of the mini-Dow Futures contract shows the Time Series Forecast indicator plotted forward for7 days: How to Interpret the Time Series Forecast Generally, traders might expect price to return back to the Time Series Forecast line when prices have strayed. ...
Calculate the swap fee you will be charged for holding your positions overnight. Use calculator Economic Calendar View relevant events to help you trade these markets. Use calendar Resources Trading Resources Chart Patterns Understand how to read the charts like a pro trader. ...
Stock market graphs don’t have to be a mystery. Here’s how to read stock charts for any company.