CANDLESTICK CHART
A candlestick is a chart, also known as a Japanese Candlestick Chart, and is favoured by traders due to the wide range of information they portray. The chart displays the high, low, opening and closing prices. A candlestick has three points; open close and the wicks.The wicks show the high to low range and the 'real body' (wide section) shows investors if the closing price was higher or lower than the opening price. If the candlestick is filled then the currency pair closed lower than it opened. If the candlestick is hollow, then the closing price is higher than the opening price.
BAR CHART
A bar chart shows the opening, close, high and low of the currency prices. The top of the bar represents the highest paid price and the bottom indicates the lowest traded price for that specific time period. The actual bar represents the currency pair's overall trading range and the horizontal lines on the sides represent the opening (left) and the closing prices (right). A bar chart is most commonly used to identify the contraction and expansion of price ranges.
LINE CHART
A line chart is easy to understand for beginners trader's. In a line chart, a line is drawn from one closing price to the next. When connected, it is easy to identify a general price movement of a currency pair throughout a time period and determine currency patterns.