Types of Trading Charts
Student’s Question:What I would like to know is... are the forex charts always represented by candlesticks? or is this just a way of describing the trends of charts?Instructor’s Response:Charts are a way of describing/depicting the movements of the currency pairs. Depending on the charting package that you might be using and the choices that are available to you, the movement can be represented by candlesticks, bars or lines...check the examples below...Candlestick charts are far and away the most widely used charting format as they provide all the key pieces of price action (high, low, open and close) and they can be readily interpreted at a glance.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.