On time trading and news and market quotes
When trading for the first time, many traders are not sure when they have to buy and when it’s better to sell. The answer to these fundamental questions can be found by using our trading charts.
Currency charts are a useful trading tool that we offer to all of our clients. Using trading charts can help you analyze the market movements and plan your trades accordingly.
The different trading charts offered by Tao Trade provide on-time information about market quotes as well as trading news.
Different trading chart types
Both beginners and more experienced traders use the “bar chart”, “line chart” and “candlestick chart”. Each of these trading chart types provide information about the prices of opening and closing trends, as well as the highest and lowest prices for the given period.
How to use line trading charts
The Line Chart is an easy trading chart to use, which shows the changes in the price fixed at regular intervals. Additionally, the chart displays the closing price for any given time. However, it does not give information about the opening price or price fluctuations for a chosen period.
The importance of bar charts
Bar trading charts provide inclusive information about price changes and market quotes, which are usually shown in an easy to understand and illustrative way. It shows the highest and lowest price reached during a given period as well as the opened and closed positions.