What should I look for in a CFD Chart?
The most popular cfd chart types are:
- Line Charts
- Bar Charts
- Candlesticks Charts
The best chart to trade with when you want to start cfd is the candlesticks chart. The candlesticks charts are easy to use and easier to interpret when trading. Beginner traders should start with this type of chart which is easier to use when it comes to technical analysis of cfd trading charts.
Candle sticks - these use the same price data as bar charts (open, high, low, & close). However, they in a much more visually identifiable way which resembles a candle with wicks on both its ends.
How to Analyze Candlesticks Charts in CFD
The rectangle section is known as the body.
The high and low are described as shadows and drawn as poking lines.
What should I look for in a CFD Chart?
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 trading platforms like the MetaTrader 4 CFD Platform, use colors to mark the direction of the candlesticks. Colors used are blue or green: when price moves up - green candlesticks, when price moves down - red candlesticks.
