What CFDs Chart Should I Trade With?

The most popular cfd charts in the CFDs Market are : Line charts, Bar charts and Candlestick charts.

As a beginner trader wanting to know which cfd chart you should trade with the advantages of the Candlesticks charts are explained below - which makes the candlesticks charts the best choice of cfd with.

The cfd candlesticks are easy to use as compared to line charts or bar charts.

How to Read Candles Charts

Candle Sticks Charts - these candles charts use the same price data as bar charts (open, high, low, and close). However, these candlestick charts are represented in a much more visually identifiable way which resembles a candle with wicks on both sides.

How to Analyze Candles Charts

The rectangle part of the candle is known as body.

The high & low of the candle stick are described as shadows & drawn as poking lines.

How to Read Candlestick Charts for Beginner Traders Tutorial

The color of the cfd candlestick is either blue or red:

• (Blue or Green Color CFD Candlesticks) - CFD Prices moved up
• (Red Color CFD Candlesticks) - CFD Prices moved down

Most cfds trading platforms like the MT4 CFD Platform, use colors to mark the direction of the cfd price represented using the cfd candlestick. CFD Candlesticks colors used are blue or green colors; when price moves up, color of cfd candlestick is blue: when price moves downward, color of cfd candlestick is red.

How to Read Candlesticks Charts for Beginners

When CFDs candlesticks charts are used it is very easy to see if the cfd price moved up or down as opposed to when bar charts are used.