Understanding charts
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Hi guys.
I have mined my first 88 FTC and consider trading them to get to know the game. But first, I should understand what I am looking at, when I look at the charts here: [url=http://www.feathercoin.com/charts/]http://www.feathercoin.com/charts/[/url]
If this is part of a guide/tutorial that has already been made, I’d appreciate the link :)My thoughts about the charts:
[b]Feathercoin Trading Charts. FTC/BTC 24 hour:[/b] This shows how many FTC I have to pay for BTC, right? So lower means more BTC for my FTC, right?
[b]Volume:[/b] Is this how much has been traded, or is it how much has been mined?
[b]Orderbook:[/b] Is this how many trades have been made? Or how maybe Feathercoins have been traded? Or something else?
Maybe this is obvious once I start trading, but I would like to understand what I am doing before I get started.
Thanks for taking the time :)
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[quote name=“HizzleFizzle” post=“41242” timestamp=“1386437568”]
Hi guys.I have mined my first 88 FTC and consider trading them to get to know the game. But first, I should understand what I am looking at, when I look at the charts here: [url=http://www.feathercoin.com/charts/]http://www.feathercoin.com/charts/[/url]
If this is part of a guide/tutorial that has already been made, I’d appreciate the link :)My thoughts about the charts:
[b]Feathercoin Trading Charts. FTC/BTC 24 hour:[/b] This shows how many FTC I have to pay for BTC, right? So lower means more BTC for my FTC, right?
[color=green]yes, last value on right side[/color][b]Volume:[/b] Is this how much has been traded, or is it how much has been mined?
[color=green]traded[/color][b]Orderbook:[/b] Is this how many trades have been made? Or how maybe Feathercoins have been traded? Or something else?
[color=green]those are actual peoples oreders (yet unrealized)[/color]Maybe this is obvious once I start trading, but I would like to understand what I am doing before I get started.
Thanks for taking the time :)
[/quote] -
I’m not sure which one you mean. I’ve sent you a PM :)
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Short answers here:
FTC/BTC -> means how much BTC is needed for 1 FTC -> if the price is 0.0005 that means that 1 FTC costs 0.0005 Bitcoins
Volume: Volume is the traded volume on the exchange. -> volume 150 000 -> 150k Feathercoins switched hands.
Orderbook: It shows how many Buyorders vs how many Sellorders are there.
Hope that helps.
Regards,
ChekaZ -
[quote name=“HizzleFizzle” post=“41255” timestamp=“1386440206”]
I’m not sure which one you mean. I’ve sent you a PM :)
[/quote]lol, this is part of my signature :) If you see any new article mentioning FTC just send me PM and I will add it to my list:
[url=http://forum.feathercoin.com/index.php/topic,3040.0.html]http://forum.feathercoin.com/index.php/topic,3040.0.html[/url] -
Thanks for the explanations, guys :)
[quote name=“ChekaZ” post=“41256” timestamp=“1386440310”]
Orderbook: It shows how many Buyorders vs how many Sellorders are there.
[/quote]So when it is in green, that means there are more Buyorders than Sellorders? And red means the opposite?
[quote author=mirrax link=topic=5613.msg41257#msg41257 date=1386440358]
lol, this is part of my signature :) If you see any new article mentioning FTC just send me PM and I will add it to my list:
[url=http://forum.feathercoin.com/index.php/topic,3040.0.html]http://forum.feathercoin.com/index.php/topic,3040.0.html[/url]
[/quote]
LOL indeed! :D
I missed the fact that you put replies in the quote.
Thanks for the link. That’s a nice collection to get started reading through. -
So, how about that orderbook? [url=http://www.feathercoin.com/charts/]http://www.feathercoin.com/charts/[/url]
I am thinking, when it is in green, that means there are more Buyorders than Sellorders? And red/brown means that there are more FTC for sale than people are looking to buy. Is this correct?
