Reading forex charts
Line, bar and candlestick charts, and which one to use.
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Lessons
- 01Line, bar and candlestick charts explained.A line chart joins the closing price of each period into one line. A bar chart draws each period from its high to its low, with a tick on the left for the open and one on the right for the close. A candlestick shows the same four prices, with a thick body between open and close.
- 02Which chart type should you use?Use candlestick or bar charts when you need the full picture of each period: open, high, low and close. They show where a stop could have been hit. Use a line chart of closing prices to see the broad direction or compare markets. Bars and candles hold the same data, and candles make each period's direction easier to spot.