Candlestick Charts

• 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

• 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

Candlestick Charts

• Video guide: using charts
• Video guide: creating price and technical analysis alerts on charts

• For more regular technical analysis see:
  • Daily Stock Market Analysis
  • Daily Forex Analysis
  • Daily Commodities Analysis
• For more advanced articles see our: Technical Trading Section
• Also see: Ichimoku Kinko Hyo Trading Strategy

• 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

• 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

1. 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
   
   
2. 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
   
   
3. Candlesticks are normally composed of a body and an upper and lower shadow (or wick)
   
   
   
   
4. The ends of the wick show the highest and lowest traded prices of the market during the time period represented
   
   
5. The body illustrates the opening and closing prices
   
   
6. 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
   
   
7. 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
   
   
8. A candlestick need not have either a body or a wick