Charts are important because they show where the current price is and where the price has been.


Lecture:


Summary of the lecture:

  • Identify patterns, add indicators to add confirmation to your trading
  • 3 main types of charts: Line, Bar, and Candlestick
  • Line chart is good as an overview
  • Bar charts show open, high, low, and close
  • Candlestick charts show same info as bar charts, but presented differently
    • preferred chart type for traders

Infographic used in this lecture:


The next lecture is on:  Trendlines and Channels

Categories: Lecture

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