Forex School Beginner Level: Line Chart


 

By its nature charts present an image of changing price of financial instrument. Charts are the most used way for tracking the change of a price. Every element of technical analysis is based on usage of chart.

There are three types of charts offered on most trading platforms:

  1. Line chart
  2. Bar chart
  3. Candlestick chart

Line chart

A line chart is made up of a series of dots connected in a horizontal line. When the dots are placed for every period of time, they are connected so that a line chart is made . So if we take a daily chart, the end of day price is joined to the next and so on until you see the line chart.

Here is an example of line chart for EUR/USD:

 

lince chart Forex School Beginner Level: Line Chart





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