Earn a five digit income by understanding Forex graphs and charts
At Smart FX, we believe that forex trading is a very lucrative line of investment. We understand that in order to be successful, we need to make serious decisions after plenty of research. For this reason, we design charts and graphs to show and understand the performance of a particular Forex currency.
Our professionals use the charts to check the historical performance of the currency and we determine if it is the right time to make a move. Our charts record currency rates at various times making it possible for us to view the high price, average and low price of the currency you are interested in and compare it to others.
Bar charts contain a vertical bar which indicates the lowest traded price at the bottom during a specified time period. At the top of the bar is the highest price paid indication.
Line charts are simple to use and easy to read. They have a line running from one price point to the next. This allows us to see general trends within a given period of time.
Very similar to bar charts, these charts just have one variation; they use a vertical line to indicate the range. They come with graphic formats that are much more attractive and pleasant. In this kind of chart, the middle block of the line, which is the largest, indicates the range between opening and closing prices. We prefer candlestick charts because they are easier to read and understand