How to Master Forex Trading Charts
In the world of forex trading, when a trader is trading, of course they want to take advantage of the difference in buying and selling prices, for that traders need to understand and read forex charts. A chart pattern is a form of price movement that repeats itself and usually signals important signals, such as trend continuations and reversals. Because these two things are often the basis for finding entry points, it's no wonder that the technical analysis method with the chart pattern technique is considered as part of the mainstay forex trading strategy. When opening a forex chart on a trading trading platform, traders can choose to view the forex chart in several forms, including:
Line Chart
The line chart only shows the line from the close price to the next close. For novice traders, it will be very difficult to open the chart, because the information provided is very limited.
Bar Chart
This bar chart can show the open, high, low, and close more clearly, because traders can see the opening and closing numbers, the highest and lowest prices in a certain period of time.
Candlestick Chart
This candlestick not only provides information about the open, high, low and close but can show very clear bearish and bullish prices. For example, if the open price is higher than the close price, which indicates a decline (bearish), then usually the candlestick will be red. Conversely, if the open price is lower than the close (bullish), then the candlestick is green.]
Comments
Post a Comment