What does Price/Bar/Charts mean actually....?

Hi FF,

I'm still trying to understand what:
* Price
* Bar
* Charts
means actually.....

When we talk about Bar, it's actually about candlestick right? and what each of those candlestick means right?

If i'm wrong, please lash out on me because i want to learn and fully understand what each of these mean.....



Cheers

Hello,

You're questions are pretty basic. I'm not quite sure how to answer them.
When people say a "Bar", it is ONE candlestick or Bar.

What's a chart ?? What is a price ??

Hmmmm,

Have you been to www babypips .com ??
Because, I see that you have asked some questions like this before and babypips has been already suggested. You're going to need to do some work here, and a lot of it.

If you're looking for easy money, you're choosing the wrong business.

I suggest you start reading.

Wish you all the best.

www.babypips.com

www.investopedia.com

www.candlesticker.com

May I just make one more suggestion ??

It is obvious that you are struggling to make sense of all of this.

I think that the way you have presented your questions, is an invitation for people to PM you and "sell" you knowledge. Probably want to sell it to you for a thousand bucks, since you already threw that number out there. (In another thread)

I can tell you this, it is always going to be a scam.

Please, do not waste your money on their empty promises.

Everything that you need to learn is all free. You have been directed to a lot of information. There are no short-cuts.

Hi Price,

Thanks for the prompt reply.....

I'm seriously interested to make it as a trader.....

Up till today, i've lost $3,000 total...... I know that i am not ready but the reason i still traded live when i should have not is because i want to understand fully how it feels like to see my acc 0

This way, i can learn how to control my emotions on later stage.

When we talk about Charts,
Babypips are saying Line Charts/Bar Charts/Candlestick Charts.....Then we also have the Fundamental & Technical which we are suppose to balance out. Not forgetting the Charts Patterns which are also very important......

Important Charts Patterns are patterns which tell us where/what is going on right....? If a breakout is about to occur or support resistance etc right....?

Are this also known as Price action?



Cheers

i've wasted 8 months & alot of money on EA's before i said NO.....I NEED TO DO IT THE HARD WAY.....WHICH IS TO LEARN THE BASIC AND CONTROL MY OWN TRADE...... ( i will not want to waste another dime on any EA's or Fundamental services because i want to learn and do it my way.....should i have lost my acc, that will be due to my own fault of not controlling my investment....No one else to be blame....

As already mentioned, go through Babypips school and then think about it for a week and then go through the school again. It will serve you well.

OK, stop throwing your money away to the market too.

You are not going to accidentally get rich this way.

If you insist on trading live, you should trade for way less than 10 cents a pip. Better to learn on Demo. By the time you actually learn how to trade, you wont have any money left to trade with.

Fundamental / Technical: We trade the charts. That's technical. I would not worry too much about the fundamental side of it right now. The things you are talking about, price action, patterns, charts.... It's all technical.

Line / Bar / Candlestick: It's just three different ways of showing the charts.

Chart patterns / Price action: Maybe we should learn to walk before we try to fly..... you've got some reading to do.

And please pick up some technical analysis book, or research technical analysis on the internet

Hi Price,

Thanks again for the PM......

God you are truly helpful....

I cant thank you enough for helping me Price.....

Alittle about me:

*Like to trade: GBP/USD (but what i like is not important right?)
*TimeFrame: 4H (because i have a full-time job)
*Trading system/indicator i'm using: Laggurre / MACD / Stoch

The system that i am learning has been profitable for me (attached file for your viewing and help)

I have been over and over babypips, informed trade and various website more then 20 times.......

If you was to ask me on hands what this or that is, i will need to refer to my notebook......

I believe i do understand the basic yet i feel so un-educated enough and that i am lost....

Can you please maybe spare some of your precious time and advise me....

Thanks again Price......May God Bless you and your family.....



Cheers

Do you understand the concept of using a stoploss and where best to put it?

Do you understand the concept of using a take profit target and where best to put it?

If not, I assume you don't as I can't see any on your P/L statement, then go back and start again on demo.

Check out the stickies in the Rookies section here and don't risk anymore real money until you understand all the basics of trading.

Come back with questions in a month's time.

Hi PeterFM,

Thank you for your advise......

Yes i am aware of Stop Loss and Take Profits.

And Yes i am stupid enough not to use them.....

Sir, i will upload a new statement end of this week and hopefully you will advise me more......

Thank you again Sir...



Cheers