Analyze Currency Log For Free

For a short-term trader with only delayed information to economic data, but real-time access to quotes, technical analysis may be the preferred method. Alternatively, traders that have access to up-to-the-minute news reports and economic data may prefer fundamental analysis.

A forex chart is a price chart showing the historical price and volume data on one or more currency pairs. A forex chart, thus, graphically depicts the historical behavior of a currency across various time frames, along with technical patterns & indicators and overlays.

Let's look at trading tips every trader should consider before trading currency pairs.Know the Markets.Make a Plan and Stick to It.Practice.Forecast the Weather Conditions of the Market.Know Your Limits.Know Where to Stop Along the Way.Check Your Emotions at the Door.Keep It Slow and Steady.More items...

You typically use a logarithmic scale for two reasons. The first reason is when large values skew the graph of the data, and the second is to show multiplicative factors or percent changes. Many careers use logarithmic scales, from farmers to researchers.

HLOC chart (also called a bar chart)The open price is represented by the notch to the left of the vertical line.The close price is represented by the notch to the right of the vertical line.The high price is the uppermost point of the vertical line.The low price is the lowest point of the vertical line.

A logarithmic scale is a scale used when there is a large range of quantities. Common uses include earthquake strength, sound loudness, light intensity, spreading rates of epidemics, and pH of solutions. It is based on orders of magnitude, rather than a standard linear scale.

This article explores the three most common forex analysis techniques: Fundamental, technical and sentiment analysis, and how they help to shape a trading strategy.