Forex Trading Strategies by IFC Markets - HTML preview

Forex Charts Trading Strategies

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.