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7 Steps To Writing Articles That People Just Have To Read
This may come as a surprise... to you, but writing articles that get published is an art anyone can learn. For many Internet Marketers getting publicity and the traffic it brings is second only in importance to making sales. Writing...
A Professional Image
A Professional Image by Bob Osgoodby First impressions are extremely important if you hope to do business on the Web. After you refine your ads, and if you make your pitch to a targeted group, you will start to get visitors to your web site. Here...
Get You Know How for Conference Room Projectors
When it comes to choosing a conference room projector, you probably want to run and hide! That's because most of us don't know much about projectors to begin with and don't know the first thing about how to select one that's appropriate for...
Hiring Sales Representatives That Are A Perfect Fit
© Kathi Graham-Leviss http://www.xbcoaching.com Did you know that the average turnover time for salespeople is only 6 months? Why? Because most don’t have the correct behavioral style to do the job effectively. That type of turnover costs your...
What is OPGI?
Copyright 2005 Donovan Baldwin There's another term for it, but I prefer OPGI for three reasons: 1. Nobody's ever heard of it and it arouses curiosity, 2. I think it's more complimentary to the people involved, 3. It's less...
 
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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Neurobehavioral Systems, Inc.
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Why tables for layout is stupid: problems defined, solutions offered
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 Tips for Public Speaking
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OSCON 2005 Keynote - Identity 2.0
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