Diagrams and tables Forex

How do you need diagrams and tables Forex? How to learn to read them and act in accordance with the data that you see on the charts? Here is some information that will help you answer these questions.

There are some quite good free programs for readings of the diagrams in the online forex trading currency. Try, for example., Netdania.

Tables are distinguished by default in 300 units. This is a good start. Time charts show data for 12 days, 15-minute - for 3 days, 5-minute - 24 hours.

You can create a table with all data periods so as to easily switch between them.

What to look for in the first place? Look at the hourly chart to see the full picture. Pay attention to the level of support and resistance line within 2%.

Explore the 15-minute chart, pay attention only to the following:

1. The dominant trend;

2. Stream price ratio to the average price;

3. Maximum and minimum prices, ranging from 00.00 GMT;

4. The highest and lowest prices for W-day period.

So, we assume that hourly chart shows a decrease of currency. Look at the 15-minute. It should confirm the trend (stream price goes down on a sloping line). So, you know the trend that has prevailed in the market.