Day Trading Charts: Line Charts and Bar Charts Explained 📈 скачать в хорошем качестве

Day Trading Charts: Line Charts and Bar Charts Explained 📈

✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.c... ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Comparing Line Charts and Bar Charts. http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! How to read line charts and bar charts. If you’re doing any serious trading it won’t be long before you come across the topic of technical analysis. Technical analysis can be as complicated as you need it to be, but comes out of a very simple idea – showing you how the price of a financial security changes over time so that you can try to predict how it is going to change in the future. When you learn about technical analysis, you’ll have the option of using not just prices but also trading volumes, indicators, oscillators, and other things that have been invented to give you different ways to consider the numbers. But the starting point for all of them is considering how the price changes over time. First let’s look at a line chart. This is a graph with time going horizontally along the bottom, often one day for each notch, and price being shown vertically. For each day the price at the close of the market is plotted, and then the charting software joins up the prices to give you a line that goes up and down, reflecting the price and showing you for instance if the price is in an uptrend or simply staying around the same level. This type of chart is not often used by traders, except in a very general manner perhaps to see the overall trends, as it doesn’t give you much information. The type of chart that was used extensively by traders in the last century is called a bar chart or sometimes an OHLC chart. The letters stand for open, high, low, and close, and you will understand why when you see how a bar chart is drawn. Each day a vertical bar is drawn, starting at the lowest price that the financial security was sold for during the day and going up to the highest price that was paid. Looking at the chart, you will see a short horizontal line sticking out the left and a short horizontal line sticking out to the right. These lines are called tics. The tic to the left is set at the price when the market opened, and the tic to the right is the price at the close of the market. You can see that this method of drawing the chart gives you four times as much information as the line chart, which only showed you the closing price each day. This can be very valuable when you are trading, as you can see how active the market has been and whether there have been any unusual price movements during the day, which would be masked by the line chart which only shows you the finishing value. For instance, even if the price rose steadily day by day, it could do so in many different ways. It could open the lowest price, climb gently, and close at the highest price, and if it did so you would regard it very differently from the case where it opened at a certain level, dipped way down, took off skywards, and then settled back down to just above the opening price. So it’s much more valuable to use a bar chart than a line chart when you are trading and trying to predict the market performance.