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Slideshow

December 10, 2011

How to predict prices in the forex market?
What are the charts for the price of currencies, and how are they used?
All these questions will be answered in this article.

There are many important facts that achieve discipline in circulation, and not greed, but the charts are one of the most important things:
Must learn how to read graphs as they are a lifeline in the currency market.
And must recognize the importance of reading the charts, and analysis of an art than it is skill.
Must apply a rule to enter the market and out of the methods in your trade and are based on technical analysis and fundamental analysis together.

The charts of currency market, is the easiest way for analysis, preferably used because it reflects the movement of the market and stable economy of the country of each currency compared with the stock market, with daily movement that occurs as a result of company reports, analysts and the demands of shareholders.
This is in contrast market stocks because the charts of the currency market does not remain a lot of time in trading ranges and have a great tendency for the development of the trends that they see as strong. In addition to this analysis is much easier Forex currency from the analysis of thousands of shares.

(Pairs of the major currencies are: USD / JPY, EUR / USD and GBP / USD and USD / CHF)

With advanced technology and free programs offered by many companies and sites will be enough for you to analyze and control of any one currency pair. Can be understood just a few key points about the technical analysis of the graph of the currency, leading to increased profit potential.

Is the price which reflects the perceptions and actions taken by the traders in the market. And this is the deal, which takes place between buyers and sellers in the market, or market "interbank" which raise prices. Therefore soon be all discount factors in the basic price. Through the study of graphs of prices, and you show a clear indirectly on the market and must be away from the two emotions (greed and fear), and once it is know that, and then begin to understand the market and how to relate chart patterns.

Graph Data window - which is used to draw on the internet in addition to many other features, when you click on the bar prices or various forms of the graph, it will display a small box of data usually called a display window that will contain the following elements:
H = higher price
L = the minimum price
O = Opening Price
C = the closing price (or the last price)