In line charts price is displayed as a point in the map. The consequent price points connect through a line called price line. This type of chart is characteristic of the trend of the price of the currency but provides little supplemental information. This type of charts is rarely used by modern traders (after reading this book you will understand better why you shouldn’t use this type of chart). Line charts have different time periods. The time period you select is the point to point price period. The bigger time period the wider in time the chart will be. The most popular line chart is the day line chart.
Below you can watch an example of line chart.

This entry was posted on Thursday, March 15th, 2007 at 10:54 am and is filed under Types of Forex Charts. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.