forexgen types of charts

The Forex charts are the point of interest at ForexGen. Charts are a significant technical analysis tool for a trader that wants to perform successful trading. Currency charts represent a single period of time and that period could range from one minute to one month to several years.
To open a new Forex chart:
• Right-click the Market Watch window, then select the Chart Window options• press the Ctrl + W key combination• through the menu options File > New Chart• Or clicking on "New Chart button" on the toolbar.

Charts has the ability to be customized. Charting Forex package can be manipulated to appear in many different ways. There are kinds of Forex charts that show price action:
• Line Chart: The line chart is a graphical representation of the historical exchange rate of a certain currency pair in a given period of time. The line is established and drew according to the closing prices connection of the day.

• Bar Chart: The bar chart is a currency chart represents the currency price, forming vertical bars in a day (e.g. every 60 minutes). Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval).

• Candlestick Chart: The candlestick Forex charting is used to forecast the market. It represents OCHL prices as 'candlesticks' with a wick at each end. When the opening rate is higher than the closing rate the candlestick is 'solid'. When the closing rate exceeds the opening rate, the candlestick is 'hollow'. as a result of the colored bodies The candlestick provides a visual details more than any other chart.

•Point & figure charts: Point and figure patterns are essentially the same patterns found in bar charts but Xs and Os are used to market changes in price direction. In addition, point and figure charts make no use of time scales to indicate the particular day associated with certain price action.