Investment executive Pablo Soria de Lachica works at Bforex as the director of business development, a position he has held since 2007. In his role at Bforex, Pablo Soria de Lachica is responsible for recruitment, daily operations, and the development and management of trading technology designed to accommodate the needs of both veteran and novice investors.

1. Chart Types for Beginner Traders
By Pablo Soria de Lachica

2. Introduction
• Investment executive Pablo Soria de Lachica works at Bforex
as the director of business development, a position he has
held since 2007. In his role at Bforex, Pablo Soria de Lachica
is responsible for recruitment, daily operations, and the
development and management of trading technology designed
to accommodate the needs of both veteran and novice
investors.
Charts and graphs are frequently used to illustrate histories
and trends that facilitate decisions about the market. They
provide information about derivative instruments, current
and past exchange rates, debts, and equity prices. There are
three types of charts that are commonly used, namely the bar
chart, the line chart, and the candlestick chart.

3. Chart Types
• Bar charts are more detailed and graphic, displaying
the difference in extremely high and extremely low
prices during a certain time period. A large line
depicts a more significant price struggle. A line chart
displays price changes at predetermined time
intervals in a linear format, but lacks detail about
price fluctuations. Perhaps the most graphically
informative and therefore popular type of chart is
the candlestick chart. The colored figures resemble
candles, and the extremes in price, known as the
upper and lower shadows, resemble wicks. The
colors identify whether the closing price was higher
or lower than the opening price.