17
Jan

#### How To Make Money Through Forex – Part 14 ####

   Posted by: RaymondLee   in Make Money Through Forex

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Forex Charting

There are 3 main chart :
1.Line Chart
2.Bar chart
3.Candlestick Chart

Line Charts – a simple line that follows one closing price to the next closing price.When strung together with a line , we can see the general price movement of a currency pair over a period of time.

line-chart

Bar Charts – showing the highs and lows,the opening as well as the closing prices.The bottom of the vertical bar indicates the lowest traded price for that time period while the top tof the bar indicates the highest price paid.So, the  vertical bar indicates the currency pairs trading range as a whole.The horizontal hash on the left side of the bar is the opening price and the right-side horizontal hash is the closing price.

barchart1

 


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This entry was posted on Saturday, January 17th, 2009 at 1:45 am and is filed under Make Money Through Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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