candlesticks

The most popular method of viewing currency charts as traders can very quickly get a lot of information about the currency pair, including highs, lows, open and close prices. Generally candlesticks are two colors with one color meaning it is a bullish candlestick (close price is above its open price) and the other color a bearish candlestick (close price is below its open price).

If you think about what a candlestick is - the visual representation of where hundreds or even millions of traders think the currency pair is headed - entire trading systems have been developed that study the meanings of various candlestick patterns and what they mean for forecasting the direction of markets. Candlestick signals are used by traders to predict price movement, entry/exit points, trend reversals and more.

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  1. Profile photo of lowkeyz3
    lowkeyz3
    November 27, 2013 at 09:59Reply

    Hi this is lovely,i love to be a graduate of this university. But i can’t see the candlesticks. Regards.

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