What is Candlesticks?

[Mitraforex]

here is what i know for japanese candlesticks
candlesticks are price chart that could contain a lot of information into a single view they are different from the traditional bars they allow for a technical analysis

[mag2016]

Candlesticks are a Japanese charting technique that was developed as early as the 1600's, when they were used for predicting rice prices-rice futures was one of the world's first futures markets in light of the military environment of the Japanese feudal system during that time.

Candlesticks are very similar to bar charts, but the easy to read color depiction of the price action makes it simpler for traders to gauge market psychology and price action.

Candlesticks are composed of a currency pair's open high, low and close.

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How can Candlesticks be used for Trading?

Candlesticks formations can be used to trade reversals in price or confirm a trend continuation. The following is an explanation of the most important patterns and the corresponding trading signal.

Hammer and hanging man formations have long lower wicks and small bodies. The hammer pattern appears after a currency pair has had a significant down move and is typically viewed as a bullish signal, implying a base and a trend reversal.

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The hanging man pattern appears after a currency pair has had a significant rally and is typically viewed as a bearish signal implying a top and a trend reversal. This is a bearish signal because it shows that the currency was not able to close on a positive note, which would indicate weakening market sentiment. However, with a hanging man pattern, it is important to wait for the next periods close to confirm the trend reversal.

Based on the time frame of the chart, each candle represents a period of time a certain length, with the exception of the latest candle incomplete.

Example: Each candle candles with a time frame of five minutes in length represent a period of 5 minutes, while representing all candle candles with a time frame of one hour for one hour in length.

[rameez1786]

i am say that the candle stick is a best chart. those are work the market successful and under stand the market trend or under stand he break out. so that we are under stand the candle stick chart. so that we are easy to follow the market trend and we are success.

[javed415]

dear friedn ismain cnadle sticjk aisa hoti hian jis main humain market k baray main yeh pta chalta hia k market ap kis terafa jaa rahee hia ismain main do tera ki candle sticks banti hian aik khali banti hai jo market k upp janain k zahir kertay hain and aik beri hoti hian and jo neechay janaian ko zahir kerti hian.

[ilyas khan]

yes hard work is key of success,& it will be more better if any one explain the candle sticks, that how its work and that if it is upward moving it will be better or if it move downward it will what so if any one explain it will be very better because i am beginner and have,nt proper information about the candle sticks.pipseeker if he add screen shots and if explain those shot so it very very good and have more knowledge we can gain about trading.

[pipseeker]

i really appreciate your effort and hard work. it is a very nice and detail thread about candle sticks. but one thing i miss in this thread is that you dont add screen shots of candle sticks if you add screen shots to all these candle then your explanation will become very easy to understand.

[maxforex]

Candlestick are the ways the price level or the price movement in the forex market are depicted. Candlestick was introduced by Chinese traders in the beginning and its simplicity has made it to accept it in the other forms of the market as well like forex trading. Candlestick tells about the market opened close high and low levels very easily

[adna]

Forex trading mai hamay candle stick ko bhi use krna chaahiye q kay agr hum is mai candle stick ko use kraingay to forex trading mai hamay bohot faida hoga forex trading mai candle stick ki madad sai hum is mai acha earn kr sktay hain aap bhi isay use kia kro

[noureen]

candlessticks yaha par bhut he best hai kio k yai market ki movement k sath banti hai aur hum is sai kafi kuch sekh sakty hain aksar trader yaha par yai cheeze nahe kar paty hain kio k un ko yaha par is par kam karna kuch better nahe lgta hai k magar hum ise par bhi agar dehan dain tou hum bhut kuch sekh sakty hain yaha par...

[nouriiset]

Hi friendI think we should be able to focus and all will be well by being able to manage properly and all will be well with the correct knowledge and all need a process and we have to be ready and all will be good to be focused and we have to remain patient.