WTI Markets

A line chart is the simplest chart type, showing price movements over time by connecting the closing prices of a currency pair at regular intervals (e.g., daily or hourly).

What It Shows:

The closing price for each period.

When to Use:

Ideal for identifying general price trends over time. It simplifies data, helping traders focus on the market's overall direction without being distracted by intraday fluctuations.

Advantages:

Easy to read and understand.
Effective for spotting trends over time.

Disadvantages:

Limited information (only shows closing prices, no high, low, or opening prices).

Bar Chart

A bar chart offers more detailed data than a line chart, showing the opening, closing, high, and low prices for each time period (e.g., an hour or a day).

What It Shows:

Opening price (left horizontal line)
Closing price (right horizontal line)
High price (top of the bar)
Low price (bottom of the bar)

When to Use

Ideal for traders seeking more information about market activity in a given time frame, helping to identify price ranges, volatility, and trends.

Advantages:

Shows more data points (open, close, high, low).
Good for spotting trends and market strength.

Disadvantages:

Can be more challenging to interpret for beginners.

One of the most popular charts in forex trading. Each candlestick shows the open, close, high, and low prices for a specific time period. The body of the candlestick is colored to show whether the price closed higher or lower than it opened.

What It Shows:

Open, close, high, and low prices for each period.
Bullish Candlestick (green/white): Close is higher than the open.
Bearish Candlestick (red/black): Close is lower than the open.
Wicks/Shadows represent the high and low prices.

When to Use:

Ideal for technical analysis and price action strategies. It provides visual cues on market sentiment, helping traders spot reversal and continuation patterns.

Advantages:

Detailed and easy to interpret once familiar with candlestick patterns.
Offers visual insights into market psychology and sentiment.
Helps identify patterns like dojis, hammers, and engulfing patterns.

Disadvantages:

Requires learning to interpret various candlestick patterns.

Renko Chart

A less common chart type that focuses solely on price movement rather than time. A new "brick" is added when the price moves by a set amount. If the price rises, a brick is drawn in one color; if it falls, it's drawn in another color.

What It Shows:

Pure price movement, ignoring time.

When to Use:

Ideal for traders looking to filter out market noise and focus on significant price movements without time distractions.

Advantages:

Filters out market noise, emphasizing trends.
Good for identifying entry and exit points in trending markets.

Disadvantages:

Lacks time data, which may limit its use for some strategies.
Not widely used by beginners.

The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

WTI Markets

Company address : Unit B, 21/F., THE GLOBE No.79 WING HONG STREET LAI CHI KOK, KOWLOON HONG KONG
Rregistration number : 2347471ㅣ Tel : 852-2736 8118

Fax : 0504 014 9935 ㅣ support@wtimarkets.com

The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

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