Types of forex charts, Line charts, Bar charts, Candle sticks

Types of forex charts:

     Three most popular charts are used in forex trading which are as follows

    Line chart: Draws lines from one closing price to next closing price is called line chart. It is simple chart, which is used to see general price movements of a forex currency pairs.

    Bar charts: Bar charts are complex charts which show open, close, high, low prices as well.     

• Open: Bar’s left horizontal line value is opening price.
• Close: Bar’s right horizontal line value is closing price
• High: Top of the vertical line value is high.    
• Low: Bottom of the vertical line value is low                                                                                                                            

    Candle sticks: Many types of candles are used in this type chart. Basically two types which are positive candle and negative candle. Closing price is higher than opening price is called positive candle otherwise negative candle which are differentiated by black and white color combinations and other colors also possible.