Read Aloud the Text Content

This audio was created by Woord's Text to Speech service by content creators from all around the world.

Text Content or SSML code:

These bar charts can be colored into red and green, rather than just black to help traders see right away which bars are going down and which bars are going up. Bars that are going down, are called bearish bars, and bars that are going up are called bullish bars. We will talk more about bears and bulls, in one of the upcoming lessons. This is a bar chart, and in forex there are two other types of charts, that are also very popular with traders. The next type of chart is called a candlestick chart, if we transition this bar chart into a candle chart, and watch how the transition happens. Now, instead of vertical bars and horizontal dashes, we have these rectangles with lines sticking out the top and the bottom, and some of the rectangles are hollow and some of them are filled. This chart carries the same information and is just visually represented differently. Notice that the vertical lines make some of the rectangles look like candles, therefore this is referred to as a candlestick chart.