Chart Types: A Beginner’s Guide

Ever felt lost while looking at trading charts? Don’t worry! Understanding chart types will transform you from a confused beginner into a confident trader. Let's break down the three most common charts on our platform:

1️⃣ Area Charts – Best for beginners, providing a simple price trend overview.
2️⃣ Bar Charts – Show detailed price movements, including volatility.
3️⃣ Candlestick Charts – Offer deeper market insights with clear trend signals.

1. Area Charts: Simplicity at a Glance

✅ Best for: Beginners
✅ Why use it? Provides a clear price trend over time.

Area charts connect individual price points into a shaded area, making it easy to spot overall market movements. If you’re just starting out, this is a great first chart to understand how prices change over time.

2. Bar Charts: More Detail, More Insight

✅ Best for: Traders looking for price range insights.
✅ Why use it? Shows open, close, high, and low prices in one glance.

Each bar represents price movement over a set time frame:

• Top & bottom – Highest & lowest prices reached.
• Side dashes – Opening (left) & closing (right) prices.

Bar charts help spot volatility and give you a deeper understanding of market movements than area charts.

3. Candlestick Charts: Mastering Market Sentiment

✅ Best for: Traders who want a complete market story.
✅ Why use it? Reveals market sentiment, trend strength, and reversals.

Each candlestick consists of:

• Body – Shows the opening and closing prices.
• Wicks (shadows) – Represent the highs and lows.
• Colors – A white candle means prices increased, while a blue candle signals a decrease.

Candlestick patterns help traders predict future price movements based on past trends. If you're serious about trading, mastering candlestick charts is a must!

🔹 Whether you prefer the simplicity of Area Charts, the clarity of Bar Charts, or the detailed insights of Candlesticks, there's a chart type for every trader.

💡 Ready to put this knowledge into action? Start exploring these charts on our platform and take control of your trading journey today! 🚀