Forex Chart Types

There are different types of charts used in forex trading and each have their own advantages and disadvantages. The majority of retail forex traders will be familiar with bar charts, line graphs and candlesticks. In addition to these commonly used charts, there are also renko charts which I find can help to filter out some of the noise from other chart types. Forex Line Charts These are the most basic charts you can use that some traders prefer due to their simplicity. They represent only the closing prices over a set period of time. The line is formed by connecting …READ MORE