Candlestick Basics [video]

What are candlesticks in trading and why almost all traders use them to look at charts? Candlestick charts are a fundamental tool in the arsenal of traders across the globe, revered for their ability to succinctly encapsulate market movements and investor sentiment within specific time frames. Originating from Japan over 200 years ago, these charts are distinguished by their ‘candles’ — each consisting of a body that represents the opening and closing prices, and ‘wicks’ or ‘shadows’ that depict the high and low prices within the same period. By interpreting various candlestick patterns, traders can gauge potential market trends, reversals, and continuations, making them indispensable for making informed trading decisions. The visual nature of candlestick charts allows for quick analysis, offering insights into the psychological dynamics of the market and providing traders with a competitive edge in predicting future price movements.

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