Question: Is Renko Chart Trading Effective?

Question: Is Renko Chart Trading Effective?

Answer

With proper preparation of the trader, and understanding of all the subtleties and aspects of technical analysis, the Renko chart is a fairly effective indicator. But in the case of a beginner working on the Forex market, it is better for him to concentrate on using other auxiliary programs. The Autochartist is easier to understand and more functional, therefore suitable for traders of all levels.