Tick chart for GBPCAD, showing each change in the ask or bid price. (If the spread is
very tight then the lines may overlap, and only the ask line may be visible.)
As well as a plain tick chart, you can use the "Tick speed" mode to add an indicator showing how long it has taken
for the last N ticks to happen. The lower the histogram, the faster the market is moving.
The "Timed" mode still shows each change in the ask or bid price, but the X axis of the chart is set to
constant units of time. You can use this to view individual ticks while still being able to distinguish between
fast and slow periods in the market.
The "Candles" mode draws tick candles. These are candles which form each time that N ticks happen, rather than
The GBPCAD pair is the abbreviation of the British Pound against the Canadian Dollar. The Pound is the
fourth most traded currency worldwide, with the Canadian Dollar in sixth place and they are the
official currencies of two top ranking national economies. The GBP is the
4th most actively-traded currency in the foreign exchange market, after the US dollar,
the euro, and the Japanese yen. It is also one of the world's major reserve currencies,
with London being home to nearly 30% of all daily foreign exchange transactions. The Canadian Dollar is one
of the 6 most traded currencies in the world. It's especially popular among top liquidity banks that choose it because
of the country's economic soundness, strong governmental system, and political and legal stability.