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Types of Forex Charts
October 12, 2009 at 10:07 am
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There are several types of the Forex charts that are used by the currency market traders. Perhaps, the most popular among them is the Japanese candlestick chart, which offers a lot of information about the price, which, at the same time, is easily understandable and can be used to analyze the chart patterns. Other chart types include: OHLC bars (which aren’t too different from the candlesticks but aren’t so visually informative), chart lines and point-and-figure charts. Here are the examples of all the four types:
Japanese Candlestick
| OHLC Bar
| Line
| Point-and-Figure
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I prefer to trade using the Japanese candlestick charts, sometimes I also look at P&F charts but that happens quite rare. And how about you?
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