When I started out trading, all I knew about were time-based charts. It took me years to even hear or think about that there might be other types of charts to be used that are much more advantageous, especially to day traders, than time-based charts. This is because MetaTrader4, which most Forex traders use when they start out, does not offer any other charts. But looking at this screenshot from Sierra Chart shows that there are many, many more charts to analyze price. They all come with their very own advantages and disadvantages, of course, and are not the Holy Grail. We have to learn how to read them, as they are a tool as much as ... (Read the full story)
