EURO.uz -The Forex quick guide for beginners and private traders

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The Forex quick guide for beginners and private traders


Bar chart

Charts and diagrams The Forex quick guide for beginners and private traders
This chart shows three
rates for each time
unit selected: the high,
the low, the closing
(HLC). There are also
bar charts including
four rates (OHLC,
which includes the
Opening rate for the
time interval). This
chart provides clearly
visible information
about trading prices
range during the time
period (per unit)
selected.

 Candlestick chart


This kind of chart is based on an ancient Japanese method. The chart
represents prices at their opening, high, low and closing rates, in a
form of candles, for each time unit selected.

The empty (transparent) candles show increase, while the dark (full)
ones show decrease.

The length of the body shows the range between opening and closing,
while the whole candle (including top and bottom wicks) show the
whole range of trading prices for the selected time unit.Charts and diagrams The Forex quick guide for beginners and private traders
Following is a candlestick chart (USD/JPY) with some explanations:

 

 

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