mardi 5 octobre 2010

Part 6 What is Forex ?

When the price of the beginning of period is lower during the end of period, it means that the prices increased and the candle is green. In that case, the stocking of the candle represents the price of the beginning of period, whereas the top represents the course(price) to the term of period. The superior "drill"represents the highest price reachedduring period, conversely for the low drill.


Now you know how to read a graph. But it is also necessary you to learn to use them, and it is moreover the most fundamental point in your apprenticeship of Forex.

lundi 4 octobre 2010

Part 5 What is Forex ?

Read a graph

When you investon Forex, you have two main tools under eyes. Your platform of trading, which allows you to cross your orders, and your graphs, which represent the evolution of the prices.

There are several types chaps of graphs, several manners to represent the evolution of the courses prices. The most used method, and the best in our opinion, is the method of the Japanese candlesticks.


With the method of the Japanese candlesticks, the graph is established by a succession of "candles", every "candle" (see this above) representing a period. It can be 1 min, 10 min, one hour... Most of the software are completely customizable.