Forex Zone | Forex Forum

3 types charts in Forex

Discussion started on Forex Education

  • 3 types charts in Forex in Forex Education_index
  • Posts: 813
  • Points: 0
  • Likes Received: 116
  • Reputation: +3/-0
3 types charts in Forex in Forex Education_clip
With the graph, of course, will help trade so that we can make the next price reference, we can see the history of currency exchange rates.
In Metatrader, we can see types of Charts Charts that provide very important and useful information for the technical analysis process, through indicator systems or other.

There are 3 types of charts in Forex, including:
1.Line Diagrams
2. Bar graph
3. Candle Graph

Which do you think is the most convenient and easy to use?

Linkback: https://www.forex.zone/forex-education/29/3-types-charts-in-forex/3225/
#1 - December 08, 2020, 03:00:50 PM
Attachments:
« Last Edit: December 08, 2020, 03:14:02 PM by Admin »

  • 3 types charts in Forex in Forex Education_index
  • Posts: 266
  • Points: 0
  • Likes Received: 19
  • Reputation: +1/-0
3 types charts in Forex in Forex Education_xx
I am comfortable with candlesticks, indeed the pattern looks messy, but the advantages of a candlestick can see the tail, body and head of the candle, Very useful for analysis.
#2 - December 09, 2020, 11:21:26 AM

  • Posts: 701
  • Points: 5910
  • Likes Received: 33
  • Reputation: +1/-1
3 types charts in Forex in Forex Education_xx
I know the three charts but I only use one type of chart, namely candlesticks, 2 other types of charts I never use.
#3 - December 10, 2020, 12:56:03 AM

  • 3 types charts in Forex in Forex Education_Limp_Bizkit
  • Posts: 296
  • Points: 0
  • Likes Received: 35
  • Reputation: +1/-0
3 types charts in Forex in Forex Education_xx
I also find it easier to read candles than any other graphic.
such as a capital line, which only shows a line, there is no open, high or low price.
#4 - December 10, 2020, 01:32:25 AM

  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
3 types charts in Forex in Forex Education_xx
in my opinion the most frequently used and most popular chart is the candlestick although many bar charts also use it in price action analysis.
#5 - December 10, 2020, 05:46:49 AM

  • Posts: 444
  • Points: 0
  • Likes Received: 29
  • Reputation: +2/-0
3 types charts in Forex in Forex Education_xx
Chart types that are usually available on the platform that we can change as needed.
But on average all traders are more familiar with candle sticks, candle sticks are more specific in providing historical price information from low prices to highest prices.
#6 - December 17, 2020, 12:11:08 AM

  • Posts: 426
  • Points: 51533
  • Likes Received: 7
  • Reputation: +0/-0
3 types charts in Forex in Forex Education_xx
There are 2 charts that are often used in my opinion, namely bar charts and candle charts, in some countries it is famous for one of these chart forms, if I myself prefer candle charts.
#7 - December 17, 2020, 08:47:38 AM

  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
3 types charts in Forex in Forex Education_xx
from my observations the type of chart most traders use is just candlesticks, for other types of charts I rarely find anyone using it.
#8 - December 17, 2020, 01:46:57 PM

  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
3 types charts in Forex in Forex Education_xx
from my observations the type of chart that is most often used is just candlesticks, although other types of charts are also used but I rarely see them.
#9 - December 24, 2020, 06:23:56 AM

  • Posts: 457
  • Points: 32784
  • Likes Received: 8
  • Reputation: +1/-1
3 types charts in Forex in Forex Education_xx
A chart does describe what is happening in the market so use a chart according to the visualization you like, for example candlesticks because the reason is that they are very simple and can depict market psychology.
#10 - December 24, 2020, 09:23:56 AM

  • 3 types charts in Forex in Forex Education_index
  • Posts: 813
  • Points: 0
  • Likes Received: 116
  • Reputation: +3/-0
3 types charts in Forex in Forex Education_xx
A chart does describe what is happening in the market so use a chart according to the visualization you like, 
Everyone has their preferred and comfortable chart type display setting when trading.
The point is as long as we can digest the information and analyze market movements with this type of chart.
#11 - December 30, 2020, 08:03:42 PM

  • Posts: 457
  • Points: 32784
  • Likes Received: 8
  • Reputation: +1/-1
3 types charts in Forex in Forex Education_xx
Everyone has their preferred and comfortable chart type display setting when trading.
The point is as long as we can digest the information and analyze market movements with this type of chart.
it is true, everyone has their choice and right to choose and determine what trading style is suitable and usually that style will be maintained forever in trading.
#12 - December 31, 2020, 08:12:44 AM

  • Posts: 433
  • Points: 69385
  • Likes Received: 8
  • Reputation: +0/-0
3 types charts in Forex in Forex Education_xx
There are 2 types of charts commonly used by traders, namely bar charts and candle charts, I know these two types of charts because many use them.
#13 - January 07, 2021, 01:33:36 AM

  • 3 types charts in Forex in Forex Education_index
  • Posts: 813
  • Points: 0
  • Likes Received: 116
  • Reputation: +3/-0
3 types charts in Forex in Forex Education_xx
There are 2 types of charts commonly used by traders, namely bar charts and candle charts, I know these two types of charts because many use them.
Actually there are 3 as described above, but their usage is not much different between all of them, but basic knowledge like this should be known by all traders.
#14 - February 02, 2021, 06:18:20 PM

  • 3 types charts in Forex in Forex Education_index
  • Posts: 330
  • Points: 262
  • Likes Received: 4
  • Reputation: +1/-1
3 types charts in Forex in Forex Education_xx
The most widely used certainly is a candlestick chart, because in candlestick it is complete complete information, starting at the highest price, the lowest price, price opening and price closure and more
#15 - June 29, 2021, 01:47:14 PM

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

xx
Forex Charts Secret - Reveal - How Forex works?

Started by trader9090 on Trading Systems

1 Replies
775 Views
Last post July 29, 2019, 02:40:35 PM
by Master4x
xx
Volume-Price-Patterns-Context & Catalysts - Example Charts & Analysis

Started by Fxortrader on General Forex Discussion

2 Replies
826 Views
Last post October 12, 2019, 03:42:09 PM
by niko05
xx
Three Types of Forex Traders

Started by zanurreload on General Forex Discussion

251 Replies
2848 Views
Last post Today at 02:24:33 AM
by Ikhtiar
xx
Types Order in Forex Trading

Started by Miracle on Forex Education

303 Replies
6675 Views
Last post May 03, 2023, 03:54:35 AM
by Rodriguz