Understanding how to read price charts is a fundamental skill in Forex trading. Price charts visually represent currency pair movements over time, offering insight into market trends. The three most popular types of charts are Line Charts, which provide a simple overview of price movement; Bar Charts, offering detailed information on price highs, lows, opening, and closing prices; and Candlestick Charts, favored for their clarity and ability to indicate market sentiment through color-coded bars. Mastering these charts is essential for analyzing market trends and making informed trading decisions.
Lesson 1 – Reading Price Charts
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