Tick Charts: What Are They & Why You Should Use Them

It is one of the charts that traders use in day trading. Generally, day trading charts are based on price range, volume, tick, or time. So, a forex tick chart strategy is a day trading chart based on tick. The question now is; what is a tick? A tick is a term used in the financial market to describe changes.

Specifically, a tick serves as a measure of the minimum upward or downward movement in the price of security; now you can tell why it is used in day trading, because it shows the slightest change in price movement in either direction.

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If you are working with a bigger picture only, you may not be so interested in tiny tick moves, but with a smaller more detailed picture, like in day trading, you want to do nothing but take note of all the small changes in price so you can accumulate as much tiny pips as possible. From the definition of a tick, one can say that a tick chart is a graphical representation of the measure of the minimum and upward movement in the price of a security; and a forex tick chart strategy is a trading plan that is based on the use of the tick chart.

Even though the forex tick chart is good for day trading, it is also good for other trading methods too. LiteForex raffles a dream house, a brand new SUV car, and 18 super gadgets.

The Definition of Time Chart

LiteForex Dream Draw! Home Trading Forex tick chart strategies. Start Trading. The total number of bars will be also reduced to 8, as soon as 16, bars are plotted.

Note that although time factor is ignored in tick charts, at the beginning of a new trading session, currently aggregated bar will be closed and a new one will be generated. Past performance of a security or strategy is no guarantee of future results or investing success. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

How to Read Trading Charts

Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Spreads, Straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.

Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. Clients must consider all relevant risk factors, including their own personal financial situation, before trading.

Tick Chart vs. One-Minute Chart for Day Trading

Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions.

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Please read the following risk disclosure before considering the trading of this product: Forex Risk Disclosure. Access to real-time market data is conditioned on acceptance of the exchange agreements. Professional access differs and subscription fees may apply.

Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request. TD Ameritrade Institutional does not make recommendations or determine the suitability of any security, strategy or course of action for you through your use of our trading tools.