Types of Forex Charts

Types of Forex Charts

Let’s take a look at the three most popular types of charts:

1. Line chart

2. Bar chart

3. Candlestick chart

Line Charts

A simple line chart draws a line from one closing price to the next closing price. When strung

together with a line, we can see the general price movement of a currency pair over a period of

time.

Here is an example of a line chart for EUR/USD:

Forex forecasting

Basic Forex forecast methods: Technical analysis and fundamental analysis

This article provides insight into the two major methods of analysis used to forecast the behavior of the

Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast

tools for the Forex trader. They have the same goal - to predict a price or movement. The technician

studies the effect while the fundamentalist studies the cause of market movement. Many successful

traders combine a mixture of both approaches for superior results.

Technical analysis

Technical analysis is a method of predicting price movements and future market trends by studying charts

of past market action. Technical analysis is concerned with what has actually happened in the market,

rather than what should happen and takes into account the price of instruments and the volume of trading,

and creates charts from that data to use as the primary tool. One major advantage of technical analysis is

that experienced analysts can follow many markets and market instruments simultaneously.

Technical analysis is built on three essential principles:

Market Research

Market Research

In addition to information about competitor and marketplace happenings, marketers often need formal studies of specific situations. For example,  Budweiser wants to know what appeals will be most effective in its Super Bowl advertising. Or Samsung wants to know how many and what kind of people will buy its next generation plasma televisions. In such , marketing intelligence will not provide the detailed information needed. Manager will need marketing research.

Marketing research is a systematic design, collection, analysis, and reporting companies  use marketing research in a wide variety of situations. For example , marketing research can help marketers understand customers satisfaction and purchase behavior .It can help them to asses market potential and market share or to measure the effectiveness of pricing, product, distribution,  and promotion activities.

The marketing  research process four steps :

§  Understanding and capturing customer value. It now focuses in customer-value-based pricing  on understanding and capturing customer value as the basis for setting and adjusting prices.

§  In line with the text’s emphasis on measuring and managing return on marketing new appendix 2:Marketing by the Numbers. This  comprehensive new appendix introduces students to the marketing financial analysis that helps to guide, assess and support marketing decisions in this age of marketing accountability.

§  On “online social networks” that tells how marketers are tapping digital online networks such as YouTube, Myspace, and others to build relationship between their brands and customers