Spread Betting Charts
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Candlestick charts are a useful way to represent many points of data instead of the single point one might find with a regular line graph. For trading, the points on the candlestick highlight the market high, low, opening and closing prices over a given time period.
The time period can usually be varied according to the lengths of time that an investor is considering trading over. So, for example, a day trader may require the points to be based over 5 minute intervals whereas a longer term investor may wish to see the chart where each candlestick represents an hour, day or week.
Candlestick Chart Explanation
The charts below can be found on Financial Spreads:
Here there are several parts of the chart to take particular note of:
- The market high for each period is denoted by the thin ‘wick’ at the top of the bar. Conversely, the market low for the period is shown by the ‘wick’ at the bottom of the bar.
- The opening and closing values are indicated by the top and bottom of the main bar itself, however, depending on whether the market rose or fell, overall during the time period, either one can be at the top.
- To make the distinction between a rise and a fall more obvious the bars found on Financial Spreads are coloured green, to indicate a net increase in price over the period, and red, to show net decrease. Candlestick charts offered by other spread betting companies are often coloured in a similar manner.
Spread Betting Charts
There are a number of companies which offer free candlestick charts to their clients. These are usually updated in real time for full trading accounts.
Charts can often be customised to your needs by changing the time of the candlestick, adding Moving Averages, Bolinger Bands etc.
Spread betting companies that offer candlestick charts for clients:
The above spread betting services / markets may also be available with other companies. Also see Comparison Table Notes.
"Spread Betting Charts" written by R Thomas, last updated 03-Sep-2010
Financial fixed odds trading carries a level of risk. Financial fixed odds may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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