New Hampshire Finance

Feb 19 2018

Forex Charts Book, forex charts free.#Forex #charts #free

Forex Charts Book. Series of Free Forex ebooks

Forex Charts Book. Series of Free Forex ebooks

Line chart contains price’s closing value at given time. Values are then connected in one line, which creates a picture / graph of price fluctuations.

Below is an example of a line chart:

Forex charts free

Line charts are useful when making reviews over a long period of time.

Bar charts are also called OHLC (HLC) charts. An abbreviation “OHLC” stays for OPEN, HIGH, LOW and CLOSE.

Each segment of these charts a bar provides a trader with additional information such as high and low ask prices and also open and close prices for certain period of time. In other words, the whole trading range can be observed.

Here is a sketch of a bar:

Forex charts freeForex charts free

The whole chart also becomes more informative.

Forex charts free

Candlestick charts are an improved version of bar charts. It is Forex most popular and widely used chart type. And we are going to discover why.

Each bar of the chart is a candlestick, known also as Japanese candlestick (it was invented by Japanese).

Because of its appearance candlestick delivers more information than any other line or bar method.

First let’s take a look at candlestick itself:

Forex charts free

Candlestick carries HIGH, LOW, OPEN, CLOSE for the price and possess a BODY. A color and size of the body supply traders with additional price details.

We are going to learn about different candlesticks later.

Now let’s take a general look at Forex candlestick chart:

Forex charts free

This chart seems more alive and easier to apprehend visually. That’s because a trader can quickly tell where the price went up, where it came down, when the price changed its direction and what happened there.

A candlestick chart reveals things that are not visible on other charts. It gives comprehensive information about price on the market and thus helps better understand and predict future price moves.

Copyright Jeff Boyd Authors & Publishers Inc. All Rights Reserved

Forex trading is a high risk investment. All materials are published for educational purposes only.

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *