Types Of Charts

In order to conduct the previously mentioned analyses you will need to read charts that will tell you a thing or two about price action. When doing this, you will mainly encounter three kinds of charts

1. Line Charts
2. Bar Charts
3. Candlestick Charts

There are more types such as Baseline, Renko, Area, Kagi etc but since these three are the most commonly used we will focus on them for now.

These are pretty much the basics you need to know to look at a chart to understand what’s going on. We have another lesson on chart patterns in the Level 3 course, so if you want to get into the nitty gritty, you can

For now, let’s look at your options. What are some ways in which you can trade?