Charting
The most suitable chart for you will depend on your strategy, timeframe, and visual preference. Popular trading charts include candlestick charts, line graphs, bar charts, and Renko charts.
Once you’ve created an account with us, and then logged in to our trading platform, you can open a chart from your chosen instrument, where you can apply a range of technical analysis tools. You can also place a buy or sell order directly from the chart using our multi-functional tickets, and apply risk-management controls.
Traders adopting a short-term strategy, such as scalping or day trading, might choose from a range of shorter timeframes, from 1-second, through to 1-hour. If you’re using a longer-term strategy, such as swing trading or position trading, a daily, weekly, or monthly timeframe may be more suitable. Learn more about trading on different chart timeframes.
Day traders tend to focus on hourly charts for overall trend direction, and shorter-term charts, such as 15-minute or 30-minute timeframes, for more refined buy and sell signals. Learn more about day trading
When trading on forex, there is no definitive ‘best’ chart timeframe to use, as this can vary based on your trading strategy, and whether it's focused on the short-, medium- or longer-term. You can use various timeframes to help build an overall picture of the historical price action. To learn more and test your ideas, you can practise spread betting or trading CFDs on forex with our demo account.
Candlestick trading is one of the most commonly used chart types, and they have multiple timeframe options. Candlestick patterns can be displayed over both short- and long-term charts. Learn more about candlestick charts
Scalpers tend to focus on short-term timeframes, as trades typically only last between a few seconds to a few minutes. Therefore, a 1-minute or 5-minute interval chart would display the appropriate price action. Learn more about scalping in forex
Candlestick charts can be good for novice traders, as they clearly display entry and exit points. Other chart types, including line, bar, and Renko charts, can lack granular information, making it more difficult to determine these points.