Introduction of Chart
[i]. A Foreign exchange Trading chart is a graphical representation of cost movement & it is depending on over a specific time frame and it consists as an x-axis [time axis] and a y-axis [price axis]. And the choice of the time frame employed depends on the users what’s they require. It is clear that an intra-day scenario won't be based on a every month axis chart.
[ii]. A line chart shows a line is connecting the "closing prices". The closing is a last cost is recorded at the finish of a specific period of time.
[iii]. Bar Chart: This types chart is fundamentally all characteristics is mentioned for the line chart also hold true for the bar chart. However the construction is a different. The bar chart consists of a high [highest cost in the work of [session], & low [lowest cost in the work of a session] & the close. All that is necessary is to draw a vertical line bar from the high to the low curve. Then set a horizontal dot from the vertical line to the right, representing the close. Sometimes users are referring also to the opening cost a dot drawn on the left side of the bar. The bar chart is probably the most popular chart at this movement.
[iv]. Candlestick Chart the building blocks for the candlestick chart are the high, the low, the opening & the closing. The difference to the bar chart is that the open & the close form the cornerstones for the, so called, actual body. The body is white if the closing is higher than the opening. The contrary is true for the black body. The candlestick charting process is an ancient Japanese invention dating from the late 18th century. The theory tries to unveil trend reversal or continuation signals. Various tools of analysis [moving average, RSI, trend-lines etc] can be applied in combination with the candlesticks.
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