The Meaning of FOREX Price Charts and How to Use Them
There is one very important factor that you should consider
with great care if you are willing to become a successful,
profitable Forex trader. This ever important factor that must be
always present in the trader's portfolio, is the ability to read
The beauty of FOREX charts, as opposed to charts used for,
say, daytrading stocks, is that they are pretty easy to interpret
and use. They're a reflection of a slower-moving, stable economy
(the one of a country) compared to the future and daily drama of
company reports, Wall street analysts and shareholder
And, unlike stocks, currency charts rarely spend much time in
tight trading ranges and have the tendency to develop strong
trends (even though the FX market may be volatile, it's more
predictable). And, rather than tens of thousands of stocks to
analyze, you only have a few mayor currencies to trade.
The most common types of price bars, used in FOREX trading,
are the Bar Chart and the Candlestick chart:
Bars Charts - Price bars are a linear representation (a
line)of a period of time. This enables the viewer to see a
graphic representation summarizing the activity of a specific
time frame. For example they can be one minute or five-minute
time intervals depending on the system you are using. Each bar
has similar characteristics and tells the viewer several
important pieces of information. First, the highest point of the
bar represents the highest price that was achieved during that
time period. The lowest point of the bar represents the lowest
price during the same period. Regular bars display a small dot on
the left side of the bar which represents the opening price of
the period and the small dot on the right side represents the
closing price of the period.
Candlesticks - Japanese Candlesticks, or simply Candlesticks
as they are now known, are used to represent the same information
as Price bars. The only difference is that the difference between
the open and close form the body of a box which is displayed with
a color inside. A red color means that the close was lower than
the open, and the blue color represents that the close was higher
than the open. If the box has a line going up from the box it
represents the high and is called the wick. If the box has a line
going down from the box, it represents the low and is called the
tail. Many interpretations can be made from these "candlesticks"
and many books have been written on the art of interpreting these
bars ( Visit: http://www.1-forex.com).
So, the main thing to keep in mind between the two types of
price charts is this:
Candlestick charts are similar to bar charts in that the top
tip of a vertical line represents the high and bottom tip
represents the low. However, market activity between the OPEN and
the CLOSE is represented differently by the use of candlestick
Because of their colored bodies, candles provide greater
visual detail in their chart patterns than bar charts. Which is
why many experts recommend you become intimately familiar with
Omar Vargas is a freelance writer with articles published in a
number of places. You can learn more about Forex trading and its
great advantages over other kind of business at this useful
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Forex Trading Online - 7
Reasons Why You Should!
Forex trading online is a fast way to use your investment
capital to it's fullest. The Forex markets offer distinct
advantages to the small and large traders alike, making
Forex currency trading in many ways preferable to other
markets such as stocks, options or traditional futures.
A Fools Game
I received an email this week with a question (below) which
caused me to think about the wisdom of pursuing trading as
a career. Regardless of your trading time span, the skills
and concerns of active short-term trading are relevant to
all market particpipants.
Day Trading Success- The
Key Is Survival
Most new traders tend to focus just about all their time
and energy on finding nearly perfect "setups", but trade
setups, even very good ones, are *not* the key to
successful trading. It's the *way* you trade your setups
that keeps your losses smaller than your gains.
Forex Brokers - Helping
to Maximize Your Success
A Forex broker is a broker dealing in foreign exchange,
just like real estate broker who deals in real estate and
properties. Simply, a Forex broker is an advisor who
advises you about the forex market.
Day Trading Course or
Day Trading Technique Seminar: Learn Day Trading
Profitable day traders recognize that momentum trading is
among the fastest & most effective ways to harvest BIG
piles of cash in the stock market.The problem is that if
you don't know what stocks to look for and how to approach
them while limiting your risk, you won't even get close to
making some profits.
FOREX 101: Make Money
with Currency Trading
For those unfamiliar with the term, FOREX (FOReign EXchange
market), refers to an international exchange market where
currencies are bought and sold. The Foreign Exchange Market
that we see today began in the 1970's, when free exchange
rates and floating currencies were introduced.
It is possible to buy and sell money from different
countries on the foreign exchange market called Forex.
Forex currency traders can profit by taking advantage of
the dips and swells in the foreign currency market.
The foreign exchange currency market is the largest market
in the world because it trades up to $1.9 trillion daily.
Types of Foreign
Currency Hedging Vehicles
The following are some of the most common types of foreign
currency hedging vehicles used in today's markets as a
foreign currency hedge. While retail forex traders
typically use foreign currency options as a hedging
The following situation happens quite often to many
traders. Look it over and see if it has been happening to
you: You have been faithfully following your trading plan
and the rules you've set for trading.
Opportunities Presented by the New Iraqi
Could it be possible that you are staring right into the
most spectacular financial opportunity of the century?
Operation: Iraqi Freedom will undoubtedly be a war marked
in history for loss and tragedy, American victory, and the
rise of a nation with a new democratic government. But
could it also be a war historically remembered for the
financial opportunity it created for the sharp investors
who keenly recognized an ephemeral chance at the right
time?The War on Iraq ended with a nation placed on the
footstool of many new operations.
Stocks Trading -
Advantages and Disadvantages
What is Stocks Trading? Companies throughout the world issue
new stock shares every day. They do so to raise capital in
order to invest in the business.
Forex Signal, Forex
There are lot's of Forex signals providers out there. New
Forex traders might be thinking of looking for a reliable
Forex signals provider.
The Nature of the
Consider the following: As a trader you are in a business.
Your strongest opponent has plenty of capital.
Q1: When you consider that the foreign exchange market has
become the world's largest financial market, with over $1.5
trillion USD traded daily, where does it go from
here?A1:The FX market is unique, in the UK there is no
central exchange, we trade via the inter bank market.
The Meaning of FOREX
Price Charts and How to Use Them
There is one very important factor that you should consider
with great care if you are willing to become a successful,
profitable Forex trader. This ever important factor that
must be always present in the trader's portfolio, is the
ability to read the charts.
Getting a Forex Trading
Many Americans are interested in getting involved in forex
trading. Before doing this, you should get a forex trading
"FX" is an abbreviation of "forex" or "foreign exchange."
Foreign exchange is the largest and most liquid market in
the world trading approximately $2 trillion every day
(that's over 30 times the daily volume of NASDAQ and NYSE
Day Trading - Moving
Averages vs Support and Resistance
When day trading the SP and Nasdaq futures, do you rely on
your moving averages more than your support & resistant
areas?During the first hour of trading, the support and
resistance zones on the SP and Nasdaq futures are the most
important things to watch. The moving averages have not yet
had a chance to come into play.
Discretionary Trading - Which is Best?
Discretionary Trading. Pure discretionary trading will rely
solely on the traders judgment. For example a
discretionary trader may spot a particular pattern
developing on a chart and decide to enter a trade on that
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