Forex Currency Converter

Forex Currency Converter

Sigmaforex is a multilingual currency converter for over 7 currencies: USD (US Dollar), NZD (New Zealand Dollar), EUR (EURO), CHF (Swiss Franc), GBP (UK Sterling), AUD (Australian Dollar) and CAD (Canadian Dollar). It uses daily Sigmaforex Rates®, the touchstone foreign exchange rates used by corporations, tax authorities, auditing firms, and financial institutions.

These filtered rates are based on information supplied by leading market data contributors.

Chart Patterns - The Basics

Chart Patterns - The Basics

To be profitable in today's world technology and advancement, one must be proficient and reading and more importantly understanding chart patterns and basic technical indicators. Below are just a few basic points to help your understanding of technical analysis and currency chart reading.

Price Bars

Price bars are a linear representation of a period of time. This enables the viewer to see a graphic representation summarizing the activity of a specific time frame.

As an example, we use one minute and five-minute bars for our system. Each bar has similar characteristics and tells the viewer several important pieces of information.

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