[B]Student’s Question:[/B]
What I would like to know is… are the forex charts always represented by candlesticks? or is this just a way of describing the trends of charts?
Power Course Instructor’s Response:
It is a way of describing/depicting the movements of the currency pairs. Depending on the charting package that you might be using, the movement can be represented by candlesticks, bars or lines…check the examples below…
Candlestick charts are far and away the most widely used charting format as they provide all the key pieces of price information (high, low, open and close) are accurately depicted and can be identified in glance.