All charts are potted with time on the x-axis and the currency pair on the y-axis. Each time period on our real time charts can range from a tick by tick a weekly interval (the tick refers to each individual pip movement).
This gives traders the flexibility to view currencies with closer examination while also allowing them to spot the trends most suitable for their time-sensitive trading strategy.Here’re the most popular types of charts
Line ChartS
A line chat is simple a graph of the value of a currency taken at regular time intervals based on current prices. Below is a LINE CHART example : A line chart’s strength come from it’s simple design .
Bar Charts
Bar chart is graphic representation of price action using a vertical bar to connect the highest price to the lowest price during a period. The opening price is displayed as a horizontal line on the left side of the bar.The closing price is displayed as a horizontal line on the right side of the bar.Bar charts can be constructed for any time period in which prices are available. Traditionally, the most popular time interval for bar chart is hourly chart.
andlestick Charts
Candlestick Charts identical to a bar chart in the information conveyed, but presented in an entirely different visual context. The candlestick encapsulates the open, high, low and close of the trading period in a single candle.
Candlestick charts are much more visually appealing than a standard two-dimensional bar chart. As in a standard bar chart, there are four elements necessary to construct a candlestick chart, the OPEN, HIGH, LOW and CLOSING price for a given time period. Below are examples of candlesticks and a definition for each candlestick component: The body of the candlestick is called the real body, and represents the range between the open and closing prices.
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