Trading CFDs interpret CFD Charts
Trading CFDs Charts Live
There are Three types of charts used in CFD: Line Charts, Bar Charts & Candlesticks Charts.
Line Charts - draws continuous line connecting closing cfd prices of a cfd.
CFDs Line Charts - What are the 3 Types of CFD Charts?
Bar Charts- displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening cfd price is displayed as a horizontal dash on the left and closing cfd price as a horizontal dash on the right.
CFD Bar Charts - What are the 3 Types of CFD Charts?
Candle Stick Charts - these use the same trading price data as bar charts (open, high, low, & close). However, they are drwan in a more visually identifiable way which resembles a candlestick that has wicks on both its ends.
How to Analyze
The rectangle section is known as the body.
The high and low are described as shadows and drawn as poking lines.
Candlesticks Charts - What are the 3 Types of CFD Charts?
The color of the candle is either blue or red
- (Blue or Green Color) - CFD Prices moved up
- (Red Color) - CFD Prices moved down
Most cfd trading platforms like the MT4, use colors to mark the direction. Colors used are blue or green: when the price moves upward, red: when price moves downward.
