Trade Commodity Candles Trading Charts

A beginner commodity trading guide to commodities trading - how to read commodity charts. The 3 different types of commodities charts are line chart, bar chart & candle stick chart - these commonly used commodity chart types are described in this learn commodity trading guide & beginner traders can learn how to Trade these commodity charts from this learn commodity charts guide.

This learn commodity charts tutorial will show you how to Trade these commodity candlesticks trading charts that are commonly used in commodity trading.

Trade Bar Charts

Line Charts - Trade Line Charts? - commodity line charts draws a continuous line connecting closing commodity prices of a commodity.

Commodity Trade a Commodities Trading Chart - Trade Commodity Charts - Trade Line Charts?

Commodity Trading Bars Charts - commodity bar charts are displayed as sequence of OHCL bars. OHCL represents OPEN HIGH LOW & CLOSE. The Opening commodity price is displayed as a horizontal dash on the left & closing commodity price as a horizontal dash on the right.

Commodity Trade a Commodities Trading Chart - Trade Commodity Trading Charts

The main disadvantage of a bar charts is that these commodity charts not visually appealing, therefore most traders don't use them.

Commodity Candles Charts - Trade Commodity Candles Trading Charts? - these commodity candlesticks charts use the same price data as bar charts - open, high, low, and close. However, commodity candle-sticks charts are drawn in a much more visually identifiable way which resembles a candle with wicks on both its ends.

How to Trade Candlestick Charts for Beginner Traders

Rectangle part of the commodity candlestick is called the body.

The high & low are described as shadows and are plotted as poking lines.

Commodity Candles Charts - Trade Commodity Candles Trading Charts

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

• - Blue or Green Color Commodity Candle sticks - Commodity Trading prices moved upward
• - Red Color Commodity Candle sticks - Commodity Trading prices moved downwards

Most commodity trading platforms like the MT4 Commodity Trading Platform, use colors to mark the direction of the commodity price. Commodity Trading candle sticks colors used are blue or green: color of commodity candle is blue when price moves up - color of candle-stick is red when price moves down.

Trade Commodity Candles Charts - Trade Line Charts

When Commodity Trading candle sticks charts are used it's very easy to see if the commodity price moved upward or downwards as opposed to when commodity bar charts are used.

Trade Bar Charts?