Of rates - is a photograph of thoughts, opinions and expectations of all market participants at this particular moment and for some, earlier, period. Each price is the result of interaction between "bulls" and "bears", which together constitute the "crowd".

The easiest method of analysis - visual. Financiers of the world people are so ingenious, so ingenious! So they came up with several options such as "draw" a conflict occurring on the market. And this is not always known to us the simplest line, there are slightly more complicated For example, when constructing the schedule sometimes use multiple prices for a certain time (more precisely, interval) time. 

Yes, but do not try otbrykivatsya from financial geometry. Answers "I'm afraid and

I did not in this sense is not accepted. You immediately sigh calmer once, make sure that nothing to fear. Here think of what constitutes any schedule changes in the price? Take a simple line, known more for the school. The horizontal axis (abscissa) delayed time and the vertical axis (ordinate) - change in prices. Change is the way the image. And no problems. Referring to the submission of data on a computer screen, you should explain this nuance: the graphs rarely shows all the prices, which have been on the market, say, over the past ten hours, 10 days or 10 years. Imagine how much data had to be analyzed, if we decided to draw a timetable for all price-points!

Sly as traders come up with a simple move: they divided the time into equal intervals of time - those which we call the "intervals" - and a whole array of prices for a specific interval, as his "representative" choose only one to four price! For example, the simplest and most "easy" schedule for the day based on prices, the relevant final price for each hour. Total for its construction will require only 24 points.

Time intervals when analyzing the currency market are taken as a rule, standard. Grouping data is as follows: Monthly group data - Monthly (M), Weekly - Weekly (W), Daily - Daily (D), Hourly - Hourly (H)

Of course, the show allowed and more "short" variants - can be used in the work and minute intervals. You can also use longer, for example, semi-annual or annual.

Earlier we said that the forex charts can be constructed in a simple line or in a more complex form. Now Understand what specifically they are. In the process, start to use another term - chart ( "Chart"). Indicates he is the same as the "schedule", a word - of the trader's slang.