Rank	Broker	Review
1.	eToro	Review
2.	Forex Yard	Review
3.	Easy Forex	Review
4.	Dukascopy	Review
5.	AvaFX	Review
6.	4XP.com	Review
7.	Finexo	Review

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Pick a Chart, Any Chart!

Never go into battle blind. It’s important to know the actual fields you will be fighting on to give you a good idea of when to step into battle or when to walk away from a battle. To do so you’ll need a charting platform. There are three types of charts to look at.

A line chart is a chart that pretty much connects the dots from one closing price to another closing price.

Line Chart

A bar chart is a chart that shows the highs, the lows, the opening, and the closing of every price.

Bar Chart

And the more commonly used type of chart is a candlestick chart. It is very similar to a bar chart as it shows the same type of information; however it is more visually appealing. It is often colored to better clarify the difference between a bar that closed higher than the opening price and a bar that closed below the opening price.

Candle Stick Chart

Despite which type of chart you use, know one thing. Price will either move up, or it will move down. When price moves up, it is said to be bullish. And when price moves down it is said to be bearish. Likewise when you are in the market and you want price to go up, it is said to be going long. And when you are in the market and want price to go down, you are going short.

You might have heard of the phrase, "Buy low, sell high." That's some great advice to follow. However, in Forex, you can profit both ways in the market. You can also "Buy high, sell low" and still profit.

Either You Buy or I Sell!

Wipe that funny look off your face. Allow me to explain.

GBP/USD

Any time you enter the market; you are essentially buying one currency and selling the other simultaneously. In the above currency pair, if you are going long, you are purchasing the Great Britain Pound and selling the United States Dollar. Likewise, if you are shorting, you are selling the Great Britain Pound and buying the United States Dollar. So, if you read the news and it looks as if it's good for the United States economy, you might want to consider selling GBP/USD. So regardless if you are going long or short, you are always buying and currency and selling the other. It is the difference in value between those two currencies that will ultimately decide if your order is profitable or not.

Every currency pair has two prices. One price is the bid and the other is the ask. The difference between the two prices is the spread. You will always buy at the bid price, and sell on the ask price. So when looking at your charting platform you will see a buy price as well as a sell price.

Buy and Sell Currency