Forex Chart: Candlestick Charts

Candlestick Charts show the same information as a bar chart, but in a nice graphical format. The bar rack is only about high prices to lower prices by a vertical line.

However, in Candlestick Charts, a rectangle shown in the middle between the opening price and closing price. If the rectangle is filled or colored, the price closed lower than the opening price.

Bar Charts

A bar chart also shows the close price, open price, as well as the high price and low price. The root of the vertical bar only the lowest exchange rates at that time, while the tops of the bar just paid the highest price. Therefore, the vertical bar about exchange of currency pairs. Bar chart graph is also called "OHLC (Open, High, Low, Close), because it indicates the price open, high, low and closing prices.

Line Charts

Line Charts:

A line diagram from a single connection point closing price to a next point. When combined into a single line, we can see the overall price changes over time of a currency pair. Example line graph of E / U:

Why Forex Trading? (P4)

Because Forex is changing, most transactions can be done with the current market price. You can not avoid all risk in the transaction (securities, real estate, etc ...) but can be avoided by a few software programs of currency broker, these programs will inform tell you the exact price enter before execution. You are allowed to choose to avoid or take risks.

Why Forex Trading? (P3)

9. Market two-fold: the money is traded in pairs, for example dollar/yen, or dollar/Swiss currency. Each transaction involved the sale of this money and buy other currencies. They might sell dollars and buy Swiss currency or vice versa. Profits exist because exchange rates fluctuate constantly. Forex Trading allowed to profit from increasing and decreasing the value of the dollar.

Why Forex Trading? (P2)

5. Market transactions 24 hours: No more waiting time markets opened and closed. Trading time starting at noon Sunday to Thursday 6 am EST, we can say FOREX market never sleeps. This is a great advantage for those who want to trade in their spare time or best time of day. You can select transactions at any time (morning, afternoon, evening or night).

Why Forex Trading? (P1)

Here are the advantages of the Forex market, there are reasons why people choose to trade in this market:

1. No service fee: No exchange fees, no payment and no government fees, no brokerage fees. Brokers will be deducted from the cost of transactions through "bid-ask" (average 3-5 pips).

Top 10 rumors about Forex

1. Forex trading is easy

Many people want to participate in world foreign exchange markets believe that Forex trading is easy, you only read a few books, then you can make a profit with only 2-3 hours per day business . Other people think they can buy it is a strategy that it is profitable and will bring their wealth with Forex. That is just speculation. Success in the Forex not easy, you will take time, money and effort

Stop Loss

Stop, stop loss was devised to protect the Forex accounts when the market price goes against too large compared to the previous position open. Otherwise it can destroy most of your capital although only on a single transaction.

What is Forex?

Forex : Foreign Currency Exchange / Foreign Exchange, often referred to as FOREX or FX or Spot FX, and this is the largest financial market in the world.

Commodity exchange market FOREX is MONEY. Foreign exchange trading is the trading activities of buying some of this money and sold a number of other currencies held at the same time. Money is traded through brokers or directly by pairs, for example EUR/USD or GBP/JPY.