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The following article was published in our article directory on May 12, 2016.
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Forex charts and forex signals

Article Category: Finances

Author Name: Issac J Clark

Forex trading is fast-paced in nature. A lot of forex traders would not usually hold positions for very long. Day traders may participate in large amounts of trades in a single day but only hold it for a few minutes. With such a limited amount of time to make decisions, the use of forex charts and forex signals can help create a technical analysis that can greatly improve the chances of a profitable trade.
Here are the 3 most popular types of Forex charts:
Line Chart
A line chart draws a simple line from a closing price to the next closing price. The trader can see the general price movement of a currency pair over a certain period of time when these lines are strung together.

Bar Chart
A bar chart is a bit more complex compared to the line chart. You will find the opening and closing prices, as well as he highs and lows. The vertical bar is an indicator of the whole trading range of a currency pair. At the lowest point of the vertical bar, you can see the lowest trade price of the period, while at the highest point of the vertical bar, you can see the highest trade price of the period.

The horizontal hash found on the left side is the opening price while the closing price is found on the right side.

Candlestick Chart
A candlestick chart shows the same information in a bar chart, but in a more graphic format. Through an upright line, you can see its high-to-low range.

The larger body shows the opening and closing prices� range. This can be found in the middle. Traditionally, if the middle block is colored in, it means that the currency pair closed with a lower price than when it opened.

Forex trading signals are also called entry and exit signals. These signals are basically electronically transferred bits of data that inform you when it�s best to purchase or sell a currency you are trading. These signals are communicated via email, SMS, tweet, or other means available through the internet. It also helps you decide when to place the profit limit orders or the protective stop orders. You can get this information easily as it is accessible online.
When you avail of these signals, some forex trading signal suppliers offer other services showing graphs and their corresponding analyses. Its trading history, which shows the pips profit/loss per month and/or the risk/reward ratio, is also offered as this may be shown as back-tested results.
Some traders base their decisions on when to purchase and sell on the trading history. One-on-one training may be provided and an account manager may be available if the subscriber chooses to let an account manager trade on their behalf. Training materials are also available if the trader is interested and one can always avail of a free trial before availing of the trading signals.

About the Author: Issac J Clark is an expert when it comes to forex trading strategies. To find out everything about forex strategies, visit his website at forexsavy.com.

Keywords: forex signals, trading forex, forex market, forex trader, forex charts, forex trading strategies, forex system, forex indicators

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