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to be profitable if you don’t use an honest broker, no matter how skilled you are in reading charts.
Now let’s get on to the actual charts and how to use them.
Typically you will see this type of chart when you click on an asset and choose an expiry time or date that is further out, like several hours or the end of the week.
By selecting an expiry that is further out, you’ll notice that the values along the x-axis shift from times to dates. The expiry is not shown since it is a couple weeks into the future. This chart looks very similar to figure 1 (the tick chart), but the x-axis has changed so that you can how the price has moved over a longer period. Unlike the tick chart, with a line chart you don’t see every movement.
If the bar is green it means the last price in that 15 minute period was higher than the price at the start of the 15 minutes.
If the bar is red, it means the last price is lower than the first.
As you can see, this chart shows more information, and in a more visual way.
I have noted one important distinction on the chart.
For example, you see that the trend over the last several days is up, and the price is also moving up on your tick chart.After the price surged near the middle of the chart, a decline followed it (sizeable red bar), which was then followed by another green bar. The line chart makes everything look clean, while in reality this chart shows that the market is typically more jerky.And each of those jerky movements could be the difference between losing and winning.The “fat” part of the candle represents the open and close.If the bar is red, then as indicated before the close is lower than the open.
For every 15 minutes (or other internal) only the close is recorded on the chart, and then each close is linked to each other creating a continuous line.