Tuesday, November 8, 2011

Line charts

At present a variety of forex price charts, one of them, the most widely used, simple and intuitive - a line graph or line chart (line chart). Readability of such plots vary it a minute to one year. Due to this wide selection, a trader always has an opportunity to establish the necessary price of his division (the trading period) and get a visual aid for the analysis of changes in quotations for a set period of time. The graph represents a set of points connected by lines. The vertical scale is traditionally will mark price of the currency, the vertical scale, the scale of the abscissa represents the period of time. This method of presentation is suitable for tracking incremental changes rates for the desired period of time. The whole difficulty lies not in the chart, and in the correct choice of the interval at which it will be possible to determine the trend in rates. It all depends on what action you plan to make if you want to open or close a position, it is desirable to know for how long. Only then can benefit from using a line graph of prices. It can also be used if you are new to Forex and would like to see the jumps and drop rates for the past year, for example. For many, such knowledge provides a good start in the career of a trader. Every newbie should know about the existence of linear plots to be able to apply them in their work. When used properly, a line graph allows you to quickly find a particular situation, to decide on further actions to build the first steps of its strategy. Do not sort out the line graph is the place for a novice virtual stock exchange with a demo account. I recommend to everyone, this is a good opportunity to learn the basics of trading on this exchange.

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