Basic trader tools (Part 1)

Traders use a variety of tools that allow them to assess the general situation in the market and determine the movement of the course in the future in order to make profitable trades. In order to be able to navigate the tools, you will have to go through a short training.

Charts📊

Chart — history of the rate change of the selected trading pair. Charts can be displayed as curves or Japanese candlesticks. Japanese candlesticks are the most popular because they clearly demonstrate the movement of the value of a digital coin and the difference in spread.

Japanese candlesticks are the most informative and the ability to read them greatly simplifies trading. They can form at different time intervals. For example, every hour or 15 minutes. The candlestick looks like a narrow rectangle on the chart, which is formed from the values of the value at the time of the beginning and end of the time interval.

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