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Invest Diva’s Guide to Making Money in Forex: How to Profit in the World’s Largest Market by Kiana Danial

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CHAPTER 10The Evolution of Charts

A chart is where the whole forex party happens. It’s the place where the market data and the prices are connected to help us make informed decisions about when to buy or sell. Since the charts were born, they have been undergoing many optimizations to make them more user-friendly. Here is a look at the evolution of the charts.

Line Charts

Ancient traders (from the past decades) did their technical analysis mostly on line charts, which look pretty boring compared to modern charts. Line charts are also called first-generation charts, and they can be compared to first-generation telephones, which didn’t have many functions, were good only for making phone calls, and didn’t even show the caller’s ID.

Line charts ...

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