Chart Types
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Professional technical analysis requires that you have professional tools at your disposal. MCFX has both regular and exotic chart types to meet your individual needs. Each chart type offers a different perspective on the market—so you can make informed decisions.
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OHLC
This chart type is the most common way to display data for analysis. Open, high, low, and close prices are shown for the time increment represented by the bar. Bar charts can be time-based, tick-based, or volume-based.
Candlesticks
This chart type uses the same price data as regular bar charts, with each candlestick representing the open, high, low, and close. The thick part, called the real body, represents the range between opening and closing prices. Long thin lines, shadows and wicks/tails, represent the range of price movement for the bar.
Hollow Candlesticks
Hollow candlesticks appear when the closing price is greater than the open, and filled candlesticks appear when the closing price is less than the open. This is the only difference from a regular candlestick chart.
Candlesticks with border
The only difference from a regular candlesticks chart is the borders around the body of the candle.
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Risk Warning:
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
