SigmaForex Charts Headline Animator

SIGMAFOREX SEARCH

Wednesday, January 20, 2010

What are types of charts?

There are three types of charts in Sigma platform:

1) Bar Chart

2) Line chart

3) Candlestick Chart

What are support, resistance & trend?

Support: is the price level at which demand is strong enough to prevent the price from declining further.

Resistance: is the price level at which selling is strong enough to prevent the price from rising further.

-There is no support without resistance & there is no fixed support or fixed resistance in which each support can be a resistance next period by breaking prices below a support level, the broken support level can turn into resistance & Visa versa.

What are charts?

A chart or graph is a type of information graphic or graphic organizer that represents tabular numeric data and/or functions that it is a graph of the price movements of a given security over a given time period, sometimes along with volume data.

Charts are often used to make it easier to understand large quantities of data and the relationship between different parts of the data.

Certain types of charts are more useful for presenting a given data set than others.

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