Our platform comes with advanced charts with up to 20-years’ worth of price history on selected instruments. It is a simple process to open an order ticket using our trading charts: you simply choose to ‘buy’ or ‘sell’ an asset at its current market price, and then edit stop-loss order settings and take profit levels directly on the charts.
Our trading charts come with both short and long timeframes to filter between recent and historic price action. For example, you are interested in using a short-term strategy for scalping forex, you could select any interval between 1 second and 5 minutes, to take advantage of quick and rapid price fluctuations. On the other hand, if you are holding a long-term position for a growth stock, then you could view price data from 6 months to 5 years ago. Learn how to choose the right chart timeframe for your trade.
The purpose of analysing trading charts is to figure out the trend direction (either uptrends or downtrends), momentum and volatility of an asset. When there is data plotted in a specific direction, traders can identify an overall direction that the asset’s price is moving towards. However, some trends can be difficult to spot, which is why traders often use multiple chart types to carry out closer analysis.
The type of trading chart that you choose depends on your level of experience and the complexity of the trade. For example, a bar or line graph may be more suitable for beginner traders, whereas candlestick and Renko charts could be more suitable for those with more knowledge of the markets.
Please note that the below charts are displayed in the same way for both spread betting and CFD trading.