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FX Charts are important tools of technical analysis of the currency. By correctly interpreting forex charts you can easily find out the direction of the trend of the forex market. You'll also be able to determine if their business transactions are in the same direction as the main trend market or not.
Candlestick, one of the most popular card was discovered by FX Homma, a Japanese trader in the futures market. It was found that the market for rice was deeply influenced by the emotions of the traders. Emotions play a crucial role in dictating the price of rice, in addition to the demand and supply factors.
Candlestick Chart FX is similar to a bar graph. In the spotlight daily line graph shows the levels of market opening, the day of highest and lowest closing levels.
A unique feature of this table is the wide part of the table which is also known Forex as the body of the "real". This real body indicates the range between the opening and closing levels of the negotiation of a specific day. If the real body has filled in or colored black, indicating that closure levels were below their opening levels. This means, if the real body is not filled and empty.
Comparison of the sail and Bar Charts
 • Relationship between the opening and closing prices
Bar charts emphasis on monitoring the movement of the closing price of the current day of the closing levels of the previous trading day. Analysts through graphic FX limelight to concentrate on identifying the relationship between the close of the trading day and opening prices.
 • Change in body color
Both FX graphics basically indicate the general trend of the price of the currency. However, when looking at the change in color of the candle body of the table is much easier to interpret the everyday sense of the market. So although both bar chart and table indicate the same information candle, the latter is very easy to interpret and understand visually.
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102. Free Forex Charts Userguide
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