Forex Charts Online Trading Course Beginners Tutorial

Forex Charts Technical Analysis Forex Meaning - Forex Charts Analysis Trading Strategies

There are three types of charts used in Forex: Line Chart, Bar Chart and Candlesticks Chart - How to Predict Forex Charts.

How to Trade Forex Chart Analysis - How to Predict Forex Charts

Line Charts - forex line charts plot a continuous line connecting closing prices of a currency pair.

Forex Line Charts - How to Predict Forex Charts

Bar Chart - forex bar charts are displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening price is displayed as a horizontal dash on left & closing price as a horizontal dash on right.

Forex Bar Charts - How to Predict Forex Charts Beginner Traders Guide

The main disadvantage of forex bar chart is that it is not visually appealing, therefore most traders don't use them.

Forex Candlesticks Charts - these forex candlesticks charts use the same price data as forex bar charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle that has wicks on both ends.

How to Interpret Candles Charts

The rectangle part of the forex trading candle is called the body.

The high and low of the forex candlestick are called as shadows and are plotted as poking lines.

Forex Candles Charts - How to Predict Forex Charts

The color of the forex candle-stick is either blue or red:

• (Blue or Green Color Candlesticks) - Forex Prices moved up
• (Red Color Candlesticks) - Forex Prices moved down

Most Forex trading platforms like the MT4 Software, use colors to mark the direction of the forex price. Forex Candlesticks colors used are blue or green: when price moves upwards, color of forex candle is blue: when price moves downward, color of forex candle is red.

Forex Candlesticks Charts vs Bar Charts - How to Predict Forex Charts

When Forex candles charts are used it's very easy to see if the price moved up or down as opposed to when bar charts are used.

Japanese candles charts trading techniques also have very many candles formations which are used to trade the Forex Trading Markets. These forex chart patterns have different FX technical analysis explanation and the most common are:

Forex Charts Online Course Beginner Traders Lesson Beginner Traders Tutorial

The above forex candlesticks patterns is what makes the Japanese candlesticks chart patterns popular among forex traders & it is why this type of forex chart analysis technical analysis are the most widely used when it comes to analyzing the forex market.