Charts are essential in Forex trading. Nowadays you forex charting patterns trade Forex effectively without a chart.
The most popular Forex charting style is the Japanese candlestick chart. Some other types of charts that are regularly used by traders include the line chart and the bar chart. In this lesson, we will illustrate what a Renko chart is and provide some additional trading tips and strategies for incorporating it into your trading. What is a Forex Renko Chart ? A Renko chart is a specific type of graph for displaying price movements of a financial instrument.