What Indices Trading Chart Should I Trade With?
The most popular indices charts in the Indices Trading Market are : Line charts, Bar charts and Candlestick charts.
As a beginner wanting to know which stock indices chart you should trade with the advantages of the Candlesticks charts are explained below - which makes the candlesticks indices charts the best choice of indices trading with.
The indices candlesticks are easy to use as compared to line indices charts or bar stock indices charts.
How to Read Candlesticks Indices Trading Charts
Candlesticks Indices Trading Charts - these candlesticks indices charts use the same stock indexes price data as bar indices charts (open, high, low, and close). However, these candlestick stock indexes trading charts are represented in a much more visually identifiable way which resembles a candle with wicks on both sides.
How to Interpret Candlesticks Indices Trading Charts
The rectangle part of the candlestick is called the body.
The high and low of the candlestick are described as shadows and drawn as poking lines.
How to Read Candlestick Indices Trading Charts for Beginners Guide
The color of the indices candlestick is either blue or red:
- (Blue or Green Color Indices Candlesticks) - Indices Prices moved up
- (Red Color Indices Candlesticks) - Indices Prices moved down
Most indices trading platforms like the MT4 Indices Trading Platform, use colors to mark the direction of the stock indexes price represented using the stock indexes trading candlestick. Indices Candlesticks colors used are blue or green colors; when stock indexes price moves up, color of indices candlestick is blue; when stock indexes price moves down, color of indices candlestick is red.
Candlesticks Indices Trading Charts Vs. Bar Indices Trading Charts
When Indices Trading candlesticks stock indexes trading charts are used it is very easy to see if the stock indexes price moved up or down as opposed to when bar stock indexes trading charts are used.