The CleanFinancial guide to charts.
The following chart should give readers a good guide to FTSE 100 (UK 100) prices and trends.
If you prefer the candlestick format, click on the candlestick icon above.
The above CFD chart from Plus 500 is typically based on near-term futures.
If you would live spread betting prices and charts, you will normally need a financial spread betting account.
You can also use a spreads account to access shorter-term daily markets. Readers should note that opening such an account is normally subject to suitability and status checks.
If your account application is accepted then, once logged in, you will be able to access the live charts and prices.
Of course, if you do decide to trade, be aware that spread trading and contracts for difference carry a high degree of risk and you may lose more than your initial deposit.
Accessing More Live Charts
You can use the search function on the above chart to access a wide range of markets:
- Stock Market Indices e.g. Dow Jones (USA 30), S&P 500 (USA 500), DAX 30 (Germany 30)
- Commodities e.g. gold, silver, cotton, corn, natural gas and crude oil - note that the chart is for US crude oil rather than Brent (UK) crude oil
- Forex e.g. EUR/USD, GBP/USD, EUR/GBP, USD/JPY and 50 other forex markets
- Shares e.g. you can use above chart to access popular stocks listed in the UK, USA, Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Holland, Hong Kong, Ireland, Italy, Norway, Portugal, Spain, Sweden and Switzerland
- ETFs e.g. like VIX Volatility (VXX), iShares China, Commodity Index Fund etc
Although the charting packages normally differ from platform to platform, in order to help investors with their technical analysis most platforms have charts that come with:
The charts on Financial Spreads also offer more advanced features, including:
- A large range of time intervals - 1 minute, 2 minute, 10 minute, 1 hour, 4 hour, 1 month etc
- A variety of chart types - candlestick, line and OHCL charts
- Drawing tools and features - Fibonacci Time Zones, Arcs and Fans
- BackTesting, Tailored Indicators and Analysis tools
- Popular overlays e.g. Ichimoku Kinko Hyo, Moving Averages, Price Channels, Bollinger Bands, Envelopes etc.
- A wide selection of secondary charts e.g. MACD, TSI, RSI, Momentum, Range Indicator, Historical Volatility, Chaikin's Money Flow, Volume Index, Stochastic etc.
- Email alerts for when your chosen market hits a pre-set level
Example UK 100 (FTSE 100) Chart
Spread Betting Companies that Provide Candlestick Charts
The following spread betting firms provide their clients with candlestick charts.
Using Charts to Develop a Trading Strategy Video
The following video looks at using charts and how to develop, and back test, price and technical analysis trading strategies. Note that this video is based on the Financial Spreads chart.
For more video chart guides see:
EUR/USD Analysis - 13 May 2013
The EUR/USD closed lower on Friday and the mid-range close sets the stage for a steady opening when Monday's session begins trading. Stochastics and the RSI are neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off last week's high, April's low crossing is the next downside target. If it renews the rally off April's low, the 62% retracement level of the February-April's decline crossing is the next upside target.
Candlestick Chart Basics - Moving Average
- If the price is above its Moving Average, then it is seen as being strong. It may be worth researching the market further with a view to buying it
- If the price is below its Moving Average, then it is seen as being weak. It may be worth researching the market further with a view to selling it
- With short-term Moving Averages you will get a lot of short-term signals
- With long-term Moving Averages, your signal will lag
The Pros and Cons of Technical Analysis
- Past performance does not guarantee future results
- Some traders will also want some leeway when using moving averages. Just because a market has moved above or below its MA it does not guarantee a particular result. If judging a chart on a long-term moving average a trader may wait a few days before making their decision. Many traders will wait for 3 days for a move to be confirmed
- Naturally MAs have their limits but they can be a useful place to start your research
- Using technical elements such as charts can help take the emotion out of trading
- MAs can help to show you when you are betting against the trend. Which you may or may not want to do
Candlestick Charts History
Candlestick charts are said to have been developed in the 1700s by Japanese rice trader Homma Munehisa. The charts gave Munehisa an overview of the opening, high, low, and closing market prices.
This method of charting prices proved to be particularly interesting, due to the ability to display five data points instead of one. The method was picked up by Charles Dow circa 1900 and remains in use by today’s financial market traders.
Candlestick Charts Explained
- As mentioned above, candlestick charts can often be set to focus on your preferred time period eg: tick-by-tick, 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, daily and weekly
- If you select ‘1 minute’, then a candle represents 1 minute, if you select your time period as 1 hour, then the candlestick represents the market movement for 1 hour
- Candlesticks are normally composed of a body and an upper and lower shadow (or wick)
- The ends of the wick show the highest and lowest traded prices of the market during the time period represented
- The body illustrates the opening and closing prices
- If the market is moving up then the body is shown in one particular colour, in this case, Green. The opening price is at the bottom of the body. The closing price is at the top of the body
- If the market is moving down then the body is shown in another colour, in this case, Red. The opening price is at the top of the body. The closing price is at the bottom of the body
- A candlestick need not have either a body or a wick
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary
Under no circumstances are the comments and the information provided herein to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice and neither Clean Financial nor any contributing company or author accepts any responsibility for any use that may be made of them. The information provided is believed to be accurate at the date the information is produced.
'Candlestick Charts' edited by DB, updated 15-May-13
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