three types of forexrebate Forexrebatekingdonesias charts are the core of trading, but also the bas cashback forex of all technical analysis in addition to help traders monitor the profit cashbackinforex loss of positions held, traders can also use historical Forex rebate kings to speculate on future price movements Therefore, understanding how to interpret charts is a key step to become a trader Simply put, charts are drawn from historical prices according to certain rules This article will introduce the three more common types of charts: bar charts, line charts, and the most widely used K-line charts K-line charts K-line charts, also known as candlestick charts, originated in Japan in the 17th century and have become popular in Europe and the United States in the last century or so, especially in the foreign exchange market as the most popular charts in technical analysis, traders should it There is an understanding of a K-line from the highest price, the lowest price, the opening price and the closing price drawn, because the shape of the candle and named, as follows:  Opening price: this price is the formation of a K-line in the cycle of the first price; the highest price: the formation of a K-line in the cycle of the highest price; the lowest price: the formation of a K-line in the cycle of the lowest price; closing price: the formation of a K-line in the cycle of the If the closing price is higher than the opening price, then this is a positive candle, with the closing price above the candle body and the opening price below it, usually in green or white; if the closing price is lower than the opening price, then this is a negative candle, with the opening price above the candle body and the closing price below it, usually in red or Black on the trading platform, you can also customize the color of the K line Sometimes, we may find a K line on the chart without a shadow, this is because the opening or closing price overlaps with the highest or lowest price; if the candle body is very short, it means that the opening and closing prices of the K line are very similar  Time - Price coordinate system Charts are drawn in a coordinate system, the horizontal axis represents the time, the vertical axis represents the price time: X-axis  (from left to right) the X-axis of the price chart is the time, the more to the left chart prices are older, the nearest a K line that is the corresponding time period within the immediate K price: Y-axis (from top to bottom) the price of the trading species will be displayed on the Y-axis of the chart, the higher the position of the K line, those The higher the position of the K-line, the higher the price of those in the market at the time. On the contrary, the lower the position of the K-line, the lower the market price at the time chart cycle to form a K-line need time is called the chart cycle For example, we put 5 minutes of the opening price, closing price, the highest price and the lowest price drawn into a K-line, these K-line composition of the K-line chart is a 5-minute chart, that is, M5 chart Each K-line on this chart represents 5 minutes of price changes chart period there are a variety of options: M1 (1 minute), M5 (5 minutes), M15 (15 minutes), M30 (30 minutes), H1 (1 hour), H4 (4 hours), D1 (1 day), W1 (1 week), MN (1 month) in the above chart, the top left of the chart is marked H4, representing each K line recorded 4 hours time Within the opening price, closing price, highest price and lowest price, each trading day there are 6 such K lines We can switch the current chart time period on the toolbar of the MT4 platform The two concepts of time-price coordinate system and chart period also apply to the next to introduce the bar and line chart The bar chart bar chart is similar to the K line chart, also using a bar represents the highest price, lowest price, opening price and closing price in a specified time period to draw the chart The following figure shows a section of the bar chart typical of rising and falling bars:  The short horizontal line showing the opening price is always located on the left side of the bar, the short horizontal line showing the closing price is always located on the right side of the bar, and the top and bottom of the bar represent the lowest and highest prices during the formation of the bar respectively  nbsp;Within some bar charts, we cannot tell whether it is an up bar or a down bar by distinguishing the color of the bar, and need to determine the position of the short horizontal lines representing the opening and closing prices respectively Fold line charts Fold line charts are the simplest of the three chart types, and are directly connected by a series of data points (such as the closing price of a currency pair within a specified chart period) We tend to See a meandering line:  Line charts are also more limited in their application and are generally used for longer time periods to easily and quickly determine what kind of trend a currency pair has over a specified time period