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Basics of Trading Course
Module 1: Technical Analysis Basics
Module 2: Chart Patterns
Module 3: Technical Indicators
Module 4: Candlestick Chart Formations
Module 5: The Psychology of Trading
Module 6: Money Management
Module 7: Position Sizing
Module 8: Intro to Fundamental Analysis
Module 9: Economic Releases that Move the Markets
Module 9a: Pulling It All Together
Forex Trading Course
Module 1: The Basics of Forex Trading
Module 2: The Logistics of Forex Trading
Module 3: The Logistics of Forex Trading Part 2
Module 4: What Moves the Forex Market
Module 5: Trading the US Dollar
Module 6: Trading the Euro
Module 7: Trading the Japanese Yen
Currency Futures
Market Terminology
Options
Posting a Forum Chart
Trade Execution
Trading Fundamentals
Economic Indicators
Flows/Central Banks
Trading Technicals
Charting
Trading Techniques

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Category Name: Trading Technicals

» Sub-Category Name: Charting

Line Type

By: vss2000.com

Line Type:

This setting determines how the historical price data will be plotted for a given chart. The following options are available:

Line – Line charts display closing price data for the selected time frame as a simple linear plot.

Bar – Bar charts provide more data than line charts. Vector2000 uses OHLC bar charts, which stands for "Open High Low Close". Each bar represents price information for a discrete period of time. For shorter chart ranges, the recommended period (detail) is 1 day. For longer chart ranges the period might be 3 days (for 1-year charts), 1 week (for 2-year charts), or even 1 month (for 5-year charts). The bars also convey important price information. The left tick on each bar indicates the open price for the period. The right tick indicates the closing price for the period. The vertical length of the bar represents the price range for the period.

Candlestick – Candlesticks are similar to bar charts in that they depict the open, high, low, and closing prices. Each candlestick represents one period (day, week, or month) and consists of an upper shadow, a lower shadow, and the body. The upper shadow (appearing as a vertical line at the top part of the candlestick) represents the highest price for the period, while the lower shadow indicates the low point for the period. The candlestick body (the "squarish" section of the candlestick) is solid when the close is less than the open and empty when the close is greater than the open. The top of the body indicates the opening price if the candle is solid or the closing price if the body is empty.

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.