At Capital.com we are always looking for new ways to help our clients trade smarter and more efficiently, which is why we’ve upgraded our charts.
Technical analysis is a key component in any traders’ toolkit. Our latest upgrades give our traders the potential to customise their charts with new drawing tools and get that extra edge on the market.
Being able to determine the direction of a market is key to all traders. Using trendlines can make this easier, and allow you to profit from upward and downward trends in your chosen market.
Horizontal line-support and resistance
The horizontal line-support feature helps traders to identify the previous highs and lows of the market, and perhaps see where it will turn. This feature is incredibly useful for setting stop loss and take profit orders, and for chartists looking to pinpoint the support and resistance levels.
Using the Fibonacci sequence, developed by the 13th mathematician Leonardo Fibonacci, the Fibonacci retracement takes two extremes peaks (a high and low) and divides vertically by the key ratios of Fibonacci. This tool allows traders to identify key points and calculate their levels.
Making notes is always helpful to remember key facts and numbers. Our ‘add text’ feature allows traders to include key reminders directly to the charts and highlight areas they think might be a good entry point to a trade, points they previous bought and sold and much more.
Where to find them?
Available on our web platform, these tools can be found directly on the charts (see the diagram below).
Getting used to new tech takes time, to help Capital.com has created a series of short tutorials on our YouTube channel to help our traders get to grips with the essentials.
Please have a look at our first tutorial.