The candlestick chart is by far the most popular type of chart used in forex technical analysis since it delivers more information to the trader while still being easy to read at a glance.
Line charts, bar charts, candlestick charts, Renko charts, point-and-figure charts, and other chart forms are commonly employed by technical analysts. Arithmetic or logarithmic scales can also be used in charts.
Markets oscillate between expanding and contracting their ranges.
Trend continuation is more common than trend reversal.
There are two ways for trends to end: climax or rollover.
Price follows momentum.
Line charts, bar charts, point and figure charts, and candlestick charts are the four most frequent varieties.
A tick chart will work best for most stock day traders when it comes to actually placing trades. When the market is active, the tick chart displays the most detailed information and provides more potential trade signals (relative to a one-minute or longer time frame chart). It also shows when there isn't much going on.
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And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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