What Are Candlestick Charts & How To Trade Them

Candlestick Charts

Candlestick charts are a graphical representation of price patterns. A Japanese man Homa discovered candlesticks in the 1700s while studying the supply and demand of rice prices. Today they are commonly used for trading forex online. What are Candlestick charts? Candlestick charts measure traders’ emotions and present price moves. They contain various candles of different colors. A candle has a bar-like structure, and each candle on the charts varies in size. Generally, a bullish candle is blue or white, and the bearish candle is red or black. Traders can select colors according to their preferences on a trading platform. Just …READ MORE