Types of Forex Charts

Types of Forex Charts

 There are several types of the Forex charts that are used by the currency market traders. Perhaps, the most popular among them is the Japanese candlestick chart, which offers a lot of information about the price, which, at the same time, is easily understandable and can be used to analyze the chart patterns. Other chart types include: OHLC bars (which aren’t too different from the candlesticks but aren’t so visually informative), chart lines and point-and-figure charts. Here are the examples of all the four types:

Japanese Candlestick       

              

OHLC Bar

Line

Point-and-Figure

I prefer to trade using the Japanese candlestick charts, sometimes I also look at P&F charts but that happens quite rare. And how about you?