Просмотр

Candlesticks or Candlestick Chart is a very popular style of bar-chart used to indicate price movements.  It can be seen in a lot of Forex trading software such as Metatrader, Ninjatrader, Netdania and Oanda Platform. If you are not new to shares, stocks or Forex trading, you would have seen them.  They are different from line charts.  The candlesticks group 4 pieces of data of a certain time period into one candle. This makes it very easy to tell the price action. Just a glance is necessary to have a general idea about what the price is doing in a specific time! 

You can find out about candlesticks at Forexcandlestick.com

Forex Candlestick signals are very popular as well.  A lot of traders use candlesticks to determine their entry and exit when trading.  They often look out for high probability patterns such as Dojis, Railway Tracks and Double Tops or Double Bottoms.

Candlestick Charting started out in Japan and can be traced back to as far as the 1700's.  Munehisa Homma developed the basic candlestick charts.  He was great and he had more than a hundred winning trade streak! [http://forexcandlestick.com/index.php?type=l&c=forex-charts forex candlestick]   Candlestick Charting in the west only took off during the 80's and 90's due to the efforts of Steve Nisson and Greg Morris.  Now, candlestick charts can be accessed online easily and for free.  One such website that provides online web charts is http://forexcandlestick.com/index.php?type=l and c=forex-charts

The world's most used Forex trading platform, Metatrader, uses Candlestick charts as well.  Netdania's Java Trade Station, Oanda's Java Platform and Ninjatrader all can display Candlestick charts.  The world has yet to see a type of chart that is more powerful at conveying price action information than the Candlestick chart.