Welcome to the lesson on the different types of charts used in technical analysis. Charts are the primary tools traders use to visualize price movements, identify trends, and make informed trading decisions. This lesson will introduce you to the most common types of charts and explain their unique features and applications in technical analysis.

Why Charts Matter

Charts provide a visual representation of price data over time, allowing traders to:

1. Identify Trends: Recognize upward, downward, or sideways trends in the market.
2. Spot Patterns: Detect chart patterns that can signal potential future price movements.
3. Analyze Market Behavior: Understand market sentiment and the actions of other traders.