Charting The Forex Market

Everyone that has traded on some time of finanacial market place; Forex, Stocks, Bonds, whatever, we all seem to share the common hasstle of reading charts.

A chart is a simple devise - it takes information that is found as numerical, and converts them into a graphical set of lines and color. A graph allows us to visualize the data set we find in any system, not just financial.

But a graph does much more that generate a picture, it also allows us to view the history and ongoing changes in the markets. A forex chart looks a lot like a stock market chart, or an Index chart. But what they share in common is the ability to give us a good understanding of a trend in this data.

Technical analysis is done by looking at the data present numerically, as well as graphically. With a graph, its easier to figure out the 'trend' of the market. Is it going up? Is it headed down?
A chart can easily help establish these points and help our technical analyst in the quest to 'predict' a future movement.