Reading and understanding charts is very necessary and becomes a strong basis in determining the market / trend area, thus making it easier for traders to determine transaction positions and one of the keys to getting maximum and consistent profit.
There are three charts that are commonly used and traders should know in Forex trading. What are they ?
1. Candelistic
The type of cHart or garafik commonly used by tarders
2. Bar Chart
Is a graph depicted by vertical bars or bars
3. Line Chart
Is the simplest type of chart in the form of drawing a line from one to the close.