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Forex Charts, Again

forex_tips | 03 August, 2006 14:39

In order to make big profits from Forex trading, you need the skill on how to read the charts. While a text conveys the fine detail, a chart can easily bring the viewer up to speed with the big picture. In this fast-moving world, time is money especially in trading. This can make a huge difference when it comes to your profits and frequently a graphic representation of the facts makes for easier interpretation.

There are several different ways to observe the price movements used in trading such as bars, lines, point and figure, and of course Japanese candle sticks chart. Among of them, Bar Chart and the Candlestick chart are the most popular for Forex charts.

Bar Chart is a type of chart used in Technical Analysis. They have reached their popularity because they are useful and easy to understand. The activities of the hour/day/week/month are seen as a vertical bar in the chart. Horizontal marks account for opening and closing prices. A trend line is drawn in the bar chart to indicate the price of online trends. An ascending trend line connects between the daily highs of the market. A descending trend line connects the day's low prices. If the downward trend line crosses the most recent prices - a buy signal is generated. If an ascending trend line crosses through the most recent prices, a sell option s generated.

Forex Rules :: Comment (3) :: Permalink

candlesticks chart for forex [Reply]

I am looking for a fat candlestick chart for forex trading with blue and red as its color or white and black for its bullish and bearish indications. or a candlestick chart that I can modified its color to what I wanted. Can you possibly tell me what names of forex chart that I can access into either free chart or by subscription. Thanks.

winston yang | 15/08/2006, 06:57

forex chart [Reply]

i wante you bring me a platform trading

koime kouassi jean-claude | 09/12/2006, 10:48

Try this trading platform [Reply]

http://www.easy-forex.com/Gateway.aspx?gid=8919

forex_tips | 19/12/2006, 09:49

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