There are different types of charts: line, candle, bar, renko, kagi, tic-tac-toe, etc. Here we will review the most common ones:

Line chart: This is the basic chart for "casual" users and long-term investors. In it, the curved line follows the average movement of the asset price. This line is plotted on the time and price axes. This type of chart is used to make a quick and superficial analysis of the market and estimate the general trend of an instrument. However, its application ends here.

Candlestick charts are most common in active trading. Each moment of price movement is shown as a “candle.” The candlestick chart provides detailed information about price movements, which is vital for an effective trading session.

Bar charts: These have bars instead of rectangles. The vertical line is the time axis. The top point is the highest price and the bottom point is the lowest. The opening and closing prices are marked by horizontal lines and are located on the left and right, respectively. Each bar corresponds to a specific time frame.

I hope you like this type of educational information, this is the 2nd, tomorrow we will continue

You know, to continue publishing more content of this type, give it a like, comment, share and follow me, Thank you, I also leave a red envelope as a gift for those who have not collected it.