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Candlesticks is drawing which clarify the market movement in a specific time and it represent the forex market fluctuation it is included in all currency trading platforms charts are a good way to train with forex trading as there will be different pattern which reflect the main movement of market trading
Ye ik chart ka pattern hae . Chart mae 3 trah k pattern hoty hae ye boht use ful hae is kam krny mae madad milti hae mae is ko hi use krta hoo
satya kaha apne candlesticks bahut acchi madad karta hai trading me sime ham acche se pattern ko samajh jaen to fir kaam bahut aasan ho jata hai isme aur kamai bhi aasan ho jati hai isme bas sahi entry ke liye isme thoda sa intezaar karna padta hai.Quote:
Originally Posted by fxghost
the candlestick chart is a chart differ from the conventional line charts it,s been used for around 300 years and give us with more information than conventional line charts has give us the candlestick is the vertical line which show us the period's trading range the wide part show us the difference between the open and close
is that your signal can only be true if it is one or two years ago and this time the status of world economy is not stable so sometimes there is some big influence from the world economy to forex market.
Many people consider that candle stick are help in trading and they shows market trends but that is not right candle stick are not help in trading because the market moves only in news sence and the news are change market trend and make market trends or its up or its down.
I have read about candle stick patterns but really don't get except these are used to find out current price-action. This is very useful pattern, and used for analysis. We can also may guess the reversals by some formation of patterns. Most traders were using this pattern.
Japanese candlestick charts monitor price movement during a certain period of time. As the candlesticks form, they begin to tell a story of the activity in the market, as well as reflect the mood of the market during that time. Candlesticks become the sign language of the market and they have a huge popularity between traders all over the world
candle stick are very useful to see the wealth of information about the price conditions whether it closed higher than it opened or if it is high and low and the series of candlesticks is of great importance of charting on the forex market trading
candlesticks are not indicators but patterns.but you can still get signals from them which will work most of the time.the strategy called naked trading is only based on movement of candlesticks, candlestick chart is a view that was discovered by the Japanese to facilitate the reading rates.