Forex Trading Strategies by IFC Markets - HTML preview

PLEASE NOTE: This is an HTML preview only and some elements such as links or page numbers may be incorrect.
Download the book in PDF, ePub, Kindle for a complete version.

Forex Charts Trading Strategies

img5.png

 

In Forex technical analysis a chart is a graphical representation of price movements over a certain time frame. It can show security’s price movement over a month or a year period. Depending on what information traders search for and what skills they master, they can use certain types of charts: the bar chart, the line chart, the candlestick chart and the point and figure chart.

 

Also they can develop a specific strategy using the following popular technical chart patterns:

 

  • Triangles
  • Flags
  • Pennants
  • The Wedge
  • The Rectangle Pattern
  • The Head and Shoulders Pattern
  • Double Tops and Double Bottoms
  • Triple Tops and Triple Bottoms

 

You can easily learn how to use charts and develop trading strategies by chart patterns.