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An Rx For Your RÉSUMÉ
Whether you are an accountant, virtual assistant, or a corporate executive, your job skills are constantly refined. A new sales presentation you've organized or the new spreadsheet package you've mastered should be included on your résumé. You may...
Create Real Magic And New Customers
Do you want a small business opportunity that could create more business for you? It is a chance to sell to the government. Bring in new customers is always the number one goal of many business owners. It is the life blood of any operation and if...
Global Development - So Much More Needed
The tragic events resulting from the recent Tsunami on Boxing Day 2004 serve to again highlight the fragile nature of many of the world’s communities. In each of these locations the key tasks of treating the sick and injured, ensuring clean...
In a Slump?, Rejoice I Say, Rejoice!
Richard Vegas ©2002 Yea, I know........I hear you saying "that's easy for you to say".! Well......why don't you just pout about it then? You know, I want to tell you a funny story about a salesperson in a BIG slump. This person I actually trained...
Surviving a Business Project
In a perfect world, any business team assembled to take on a project would be a competent group of professionals who seamlessly act as one entity. In the real world, it's a bit different. A good team tends to be made up of strong,...
 
Forex Trading And The Characteristics Of Bar And Candlestick Charts.

There is a very important factor that you should consider with great care if you are willing to become a successful and profitable Forex trader. This always important tool; in other words knowledge, that should be always present in your trader's portfolio, is the ability to read the charts.

There are two charts that are the most common types of price charts used in Forex trading, these are the Bar Chart and the Candlestick chart.

Here are the main characteristics of each of them:

Bars Charts - Price bars are a linear representation of a period of time, and this period will depend on the intervals of time you are interested on viewing and analyzing in the chart. This enables the viewer to see a graphic representation summarizing the activity of a specific time frame. For example they can be one minute or five-minute time intervals depending on the system you are using. Each bar has similar characteristics no matter the time interval and tells the viewer several important pieces of information about how a particular currency pair is behaving. First, the highest point of the bar represents the highest price that was achieved during that time period. The lowest point of the bar represents the lowest price during the same period. Regular bars display a small dot on the left side of the bar which represents


the opening price of the period and the small dot on the right side represents the closing price of the period.

Candlesticks - Japanese Candlesticks, or simply Candlesticks as they are most widely known now, are used to represent the same information as Price bars. But they differ in how the gap between the open and close form are represented. These two prices form a body of a box which is displayed with a color inside. A red color means that the close was lower than the open, and the blue color represents that the close was higher than the open. If the box has a line going up from the box it represents the high and is called the wick. If the box has a line going down from the box, it represents the low and is called the tail of the candle. Many interpretations can be made from these "candlesticks" and many books have been written on the art of interpreting these bars. Many experienced traders highly recommend this kind of chart over the bar charts for the great amount of information they give with a single view.

About the author:

Adrian Pablo is a freelance writer with articles published in a number of places. Get a free report on Fibonacci Trading and learn more about the world of trading, visit the website: http://www.1-forex.com

 

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Why tables for layout is stupid:. problems defined, solutions offered. Tables existed in HTML for one reason: To display tabular data. ...
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The Gettysburg Powerpoint Presentation
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Presentation Zen
I love the clear presentation of the ideas in the book and the fact that the ... In the context of presentations, moving info away can help you and the ...
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Presentation Tips for Public Speaking
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OSCON 2005 Keynote - Identity 2.0
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Effective Presentations homepage
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Impress
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PRESENTATIONPRO - experts for Microsoft PowerPoint
A series of products and services to help enhance PowerPoint presentations with templates and backgrounds.
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Secretary of State Addresses the U.N. Security Council
My friends, this has been a long and a detailed presentation. And I thank you for your patience. But there is one more subject that I would like to touch on ...
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