Forex Trading Strategies by IFC Markets - HTML preview
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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.