How To Trade a Forex Bar Chart?

[moonchild]

A bar chart is a type of chart that allows you to see the most important aspect of a price moment you'll get to see the open, high, low, close and this will help you make good decisions when trading, to trade a bar chart successfully you'll have to be able to know the overall direction. Of the market if we are in an uptrend market you should be looking for opportunities to buy and you should also be looking for when the chart violates the high of the former bar and then place your stop loss at the bottom of the former bar.

And also vice versa on a downtrend, while trading a bar chart it is very important to know the direction of the market overall.

 

[FinTrader]

Any trend moves with corrections. And in order to make purchases during an uptrend, you need to wait until the price correction ends. Then the drawdown can be minimal, and the profit can be maximum if this trend continues.