Chart-Man

Forex traders often use charts to decide when to enter and exit trades, and technical traders in particular analyze price patterns to find trading opportunities. By using charts, and weighing price, volume, volatility, and timing, it is possible to find and execute profitable trades. Traders discern between chart patterns, which can be seen on a price chart, and indicators, which are calculated based on the prices of the chart. Over time, many different ways of analysing a chart have been developed, and many are readily available on our trading platforms. Some are classics, others are difficult to apply, and still others are well suited to some currencies but not to others. In general, chart patterns can be grouped into those that indicate a continuing trend, and those that indicate an upcoming reversal of the trend. Usually, several analyses are used together to identify profitable trading opportunities.