How charts is useful in the trading ?
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Thread: How charts is useful in the trading ?

  1. #1
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    Exclamation How charts is useful in the trading ?

    I think the graphic and chart are very useful in the forex trading business and they help lot to determine trend of the market but the need is that we have the good skills to use the charts well in the trading, does you think the chart are very useful in the trading?

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    It is the work of the trdaing chart that makes the best out of the technical trading skills, if there were no trading charts, then there will be no trading skills that will fits the technical trading analysis. Also, among all the trdaing chart analysis , it is the chart of the candlesticks that i love the most, they are very professional.

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    Absolutely useful. The majority of retail traders are technical analysts. I am a technical analyst and maybe you too. Chart useful to see and analyze market movements that have happened and are happening as well as to predict that would happen. We never know the price movements without a chart.

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    Graphs in particularly useful for analyzing the trading price directly, and we can see that price changes occur at any time. Tips will surely get a lot of problems when trading forex without the use of graphics, especially for traders who use technical analysis.

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    Yes mainly charts help you to analyse the market,like candlestick charts help you to take decesion as per as candles.And while line chart helps you to plot support and resistance easily because it has very little shadows compared to candles.

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    There are veraity of chart available to us the traders on the meta trader platform and each has there advantage and insights. But the commonly used trading chart is the candlesticks, which can give a good data on price levels such as open close high and low, and it can give further information via candlesticks pattern.

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    Chart is very useful in the trading.Chart help us to determine the trends of Forex market but it is very important that we make good use of this in our trading.It makes the best out of the technical trading skill.Chart is very useful in determining and analyze the market movement of the Forex trading.Without chart we will never know the price movement of Forex market.

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    Charts are important as they guide the traders to analyze where the market price is likely to go next. This is through the charts offering important information on price history, price patterns and current players analysis (candlestick analysis-price action)
    Charts help us to utilize strategies involving indicators, price action and mainly it helps us get a clear view of the market's condition and see the price pattern which would be very difficult to see without the help of charts.

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    the chart is very important for traders and especially for them who use technical analysis , they pay attention to see the market movements and calculate it, with chart , we can get the support and resistance as the basic for entry point and also exit point, we can use bar, line and also candlestick

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  10. #10
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    Millions of traders are involved in Forex across the world, so thousand of strategy run in the mind of their.
    Some trade as per moving average, some trade as per the technical analysis, some trade with the help of fundamental analysis, and some trade by looking chart, I have observed many traders do scalping by chart reading, so it has huge benefit but need to proper knowledge to understand the right level so that you can predict the direction of the currency so you can make profit.

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