What is a Bar Chart?
Definition of Bar Chart: A bar chart can be described as chart style that makes an attempt to express a image representation of cost activity within a certain time. This kind of chart is mostly used by the Forex traders as it helps in recognizing the current trends and patterns easily. For every trading period, a perpendicular line is drawn, whose length is fixed by the lowest and the highest cost that the money operates in that specific period. The opening cost is indicated by a small line made on the left side whereas the closing cost is indicated by a same type of line made on the right part of the upright bar. “Candlesticks” is a similar type of style chart as Bar chart but both of them have few differences. Both the style charts makes communicate in an easy and fast manner.