Selasa, 13 September 2011

Types of Forex Chart

Now we discuss the types of graphs, there are four different types of graphs, namely: Candlestick, Bar Chart, Line chart, dot chart
Let us focus on the candlestick, as the most widely using that, and honestly I just understand that it wrote. This is a graph Candlestick


way of reading

way of reading

H = the highest price / high
L = lowest price / low
O = initial price / open
C = final price / close








In conclusion
If candlesticknya white (white color in Marketiva, on the other broker is usually the price rises and price drops blue red) means the closing price is greater than the opening price, and that means prices are rising




If candlesticknya Black color means the closing price is smaller than the opening, which also means prices are down

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