Kinds Of Forex Charts

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When you start forex trading online, you will be dealing with a chart from a platform provided by your brokerage firm (each broker you choose usually has a platform with the all three chart). so you are not surprised by them, let's look at forex charts you will often encounter while trading. Broadly speaking, there are three forex charts are very popular among traders today, they are

• Line Chart
• Bar Chart
• Candlestick

There are also several other custom graphics which are very rarely used by beginner traders. several types of charts designed to predict the price movement limits (support and ressistance). while others are used to simplify the movement of a particular currency fluctuations. do not worry, even without studying the sciences chart like that, you can make money in forex trading. sooner or later you will learn that the biggest determinant of profit is in good mental attitude and discipline.

Bar Chart and Candlestick is a graph that has a lot of users. meanwhile, the line chart users are limited to a particular environment. Because the information from the line chart is not complete as that given by the Bar Chart and Candlestick.

In the next article, I will only discuss about the use of candlestick alone. Because I've said, all the articles here based on my experience and knowledge. And I only understand about the candlestick. So if you follow this class, then you will be focused to use the candlestick.

Why did I choose the the candlestick?

Because the candlestick able to inform the price movement at certain hours, and easier to read because it has a color on the chart, so you do not need to bother to distinguish between the graph up (bullish) and the graph down (bearish). In addition, the the candlestick is very popular in Asia. Incidentally, I am an Asian.

I'll see you at the next lesson

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