F forexcashbackcalculatorex investors have many options top find out how to follow trends in forex currency pairs, commodities East forex cashback other financial products, the most trusted option cashbackforexbtc probably tracking Eastforexcashbacks Investors who use charts prefer to follow the accuracy of charting tools and indicators to identify trends, find cashback forex points to enter and exit, and are considered technical investors In addition to technical investors, there are Fundamental investors Fundamental investors prefer to follow sources of tangible information about economic growth, the employment situation, political threats, interest rates, etc. Below are a few general descriptions of points to note to help you understand and read charts First, you need to know what a chart is before trying to parse the information presented In general, a chart is a description of the exchange rate between financial products and is plotted on a chart in the form of a curve The ability to interpret charts is part of what it means to be an investor, as it not only allows you to track current trades, but also helps you to spot a trend line that is forming, identify future trading possibilities, and is an integral part of trading Understanding trends When you look at a chart and find a set of data on it that plots a general direction, you can identify the general direction in which a financial product is moving. Unlike most charts, where trends can be identified fairly easily, trends on other charts can be more complex Trends usually come out of a series of peaks and troughs (highs and lows) When you refer to an uptrend, you see a series of rising highs and lows, while a bear trend, consists of a series of falling lows and highs There is also a trend known as a sideways oscillation, which describes A trend with equal strength between buyers and sellers, which shows small sideways price movements or range oscillations without a clear direction and peaks and valleys Trend depends not only on its direction, but also on the duration of the trend occurring Long-term, short-term and intermediate trends coexist and may be in the same or opposite direction Trend is based on time, so it is not self-explanatory Trend is also based on time, when you interpret the chart and see the trend line of When you start trading online, you will find that there are three main types of charts that are popular in the trading world. Individual investors have different levels of skill and see different amounts of information on each type of chart: The line chart – the most basic chart and the basis of progression for novice investors This type of chart only presents The closing price over a period of time is considered the most important factor when analyzing data The essence of the formation of a line chart: the closing price over a certain time period is connected together The line chart has no visual information or trading range, that is, no highs or lows, and no opening price The bar chart – is a supplement to the line chart, adding a few more key components of information to each data point on the curve chart The bar chart consists of a series of vertical lines, each line depicting trading information, i.e., the high and low points during the trading period, the opening and closing prices open and close prices are composed of shorter horizontal lines opening price is a dash located on the left side of the vertical bar, while the closing price, conversely, is represented by a similar horizontal line, but on the right side of the vertical bar This chart is very easy to understand, if the left dash (opening price) is lower than the right dash ( closing price), the bar will be green, black or blue positive, representing a price increase, tool appreciation and vice versa, the decline in the value of the stock is represented by red candlestick (K-line chart) – If you master the fold and bar charts, you can advance to the K-line chart This chart is similar to the bar chart, but easier to understand both types of charts, represented by vertical lines during the trading The K-line charts are similar to the bar charts but easier to understand. The vertical lines represent the price range of the trading period, while the entities of the K-line are colored to represent the changes in the market during the period. The long thin lines above and below the solid represent the high or low range of the range, also known as shadows, wicks or tails. If the thin lines are in the upper part of the solid, they tell us the high and the close, while at the bottom, they represent the low and the close at the low. A closing price above the opening price would indicate a buy fill/colored K line representing a closing price below the opening price would indicate a sell position or a long or short entity would indicate buying or selling pressure in the investor A short entity would indicate little price movement and is usually considered a consolidation pattern, the proverbial Doji Doji is an important aspect of a K chart that provides information on multiple patterns when the opening and closing prices of a financial product are exactly When the opening and closing prices of financial products are exactly equal and the spread is not too large, the formation of a Doji Cross is an indication to investors that after a long white or green K-line, buying demand is starting to weaken, or after a long (blue or black) K-line, selling pressure is starting to weaken and supply and demand is starting to stabilize. There are two versions of the pattern: Head and shoulders top: generally formed at the top of an uptrend and suggests that once the pattern is completed, the price of the asset will fall Head and shoulders bottom (or inverted head and shoulders pattern): generally formed in a downtrend and suggests that the price of the asset will rise Both have a similar visual structure and contain four elements: two shoulders, a head and a neckline When the neckline (support and resistance levels) breaks, the second shoulder When the neckline (support and resistance) is broken and the second shoulder is formed, the pattern takes shape and the head and shoulders pattern consists of peaks and valleys on the chart. Often, when stocks or currencies are marked as oversold or overbought, these technical indicators can help you see the light and find accurate information that may have been overlooked Technical indicators such as volume, trend lines, Fibonacci levels, stochastics, etc. that are integrated into your real-time charts can essentially eliminate market noise and paint a better picture of the future of markets and trends