Charts are useful trading tools that can help you analyze the market movements and plan your trades accordingly.
Types of charts available at GTCM
In online trading, both beginners and experienced traders use the "bar chart", "line chart" and “candlestick chart”. Each of these trading charts types give information about the prices of opening and closing trends and the highest and lowest prices for the given period.
Line trading charts
According to traders, this is the easiest trading chart to use, providing information about changes in the prices at regular intervals. In addition to that, the chart shows the closing price for any given time.
In online trading bar charts are among the most preferred tools, because they provide comprehensive information about price changes and market quotes, which are usually displayed in an easy to understand way. Additionally, it shows the highest and lowest price reached during a given period as well as the opening and closing periods.
A combination of a line chart and a bar chart, the Candlestick are common in technical analysis reports in order to describe price movement currencies and stocks. The chart generally indicates clear bullish and bearish behavior in the market.
If you wish to learn more about charts, we invite you to
speak with one of our trainers.