How To Use Line Chart In Forex Trading

[moonchild]

We have different types of charts in forex trading, there are:

Candlestick Chart
Line Chart
Bar Chart

All of these charts have their own functionality but obviously as we all know the candlestick chart is the chart that most people use today in trading, we will look at lie chart today and see what you stand to gain by trading with it.

Line chart can be switched if you go to your mt4 and click the chart option and switch to line chart, this line chart is essential in drawing support and resistance levels, because it is the only chart option that has breaking point, which is the pointed edge you see.

To draw support and resistance levels using this type of chart, use the crosshair tool and move it over in your and see where the breaking point touches the line at the top and the bottom, that is a unique level and remember the higher the better, you have to go to the higher timeframe to be able to have a strong points where you can draw your levels.

Another use of line chart is to silence the noise, when you notice a market is too choppy, you can switch to line chart to see the direction more clearly.

 

[Jack Reacher]

To protect your trading capital from such an accident, you should use stop loss at any cost. It’s a strategy always recommended by experts. Don’t take much trading risk because it will grab your trading capital. With the platform of Eurotrader broker, you are going to face no technical glitches.

 

[Asahi]

When a broker is insecure, we should never go for that broker. When a broker fails to provide you with the fund security, the broker is not reliable and well regulated. However, it’s a brain-churning issue for those who have large amount of capital and want high security from a broker. Eurotrader is a regulated broker and offers high security of funding to traders.