Technical analysis is quite important when it comes to Forex trading. There are multiple technical analytics tools that are available in the market. One such technical analysis tool is the exchange ticker. An exchange sticker helps you to keep a track of the market movements using an exhaustive candlestick chart. FCF Markets offers the exciting tool which has enabled traders to grow their market returns.
In this article, we will look into how the tool works – and the different parts of the tool that makes it stand out.
So let us get started and find out how this tool truly helps forex traders.
Understanding an exchange ticker
In simpler words, an exchange ticker can be called a dashboard that agglomerates all the details from global capital markets in one place. Be it the Forex market or the cryptocurrency, the details can also be found under the same umbrella.
An exchange ticker helps the traders to visualise the price movements, thus making the right decisions further. In modern day trading windows, the exchange ticker is often combined with the technical analysis tools which helps traders to keep everything under the same place.
Benefits of exchange ticker tool in FCF Markets
The exchange ticker tool provides a number of benefits as follows:
- The exchange ticker helps in identifying the right stock or instrument on the market.
- Since visualization plays an important role in Forex trading, this technical analysis tool helps traders to track the market seamlessly with the visualization being offered.
- A wide time frame is available for the traders to look into such that they can plan their trades accordingly. Exchange Ticker allows traders to shift their time frames from a few minutes to 12 months, over 1000 ranges.
- The exchange ticker comes with the Candlestick chart. If you want, you can also convert it to a bar chart to have an improved visualization.
- Since the exchange ticker offers most of the decision-making guides right at one place, decision-making is very quick.
How to use Exchange Ticker in FCF Markets
Using the exchange ticker is important if you want to win the global markets. Here is a snapshot of how you can use the exchange ticker.
Once you select the stock which you want to track, then go to the candlestick window and click on the plus button on the top right corner. A new window appears, enter the name or the symbol of the stock.
The Candlestick chart opens for the stock selected. In the Candlestick chart, go ahead and look into the price movements, and try to understand the chart, applying the price action theory. For further refining your analysis, you can make use of the technical tools like RSI and MACD from the indicators option present in the top right-hand corner.
As you select it, a list of options drops down – from where you can select the specific tool you want to use for continuing the analysis.
