Japanese Candlestick Basics

Here we will not only answer the question of whether Japanese candles work and what they mean, but we will give you real-time examples. History and essence of Japanese candlesticks Japanese candles have been used in commercial practice for more than 100 years. This chart was the first, then the bar chart and the line chart were added, but we'll talk about them in another article. The most important thing to remember is that Japanese candlesticks are one of the most powerful weapons in forex trading. If we learn the basic formations from Japanese candles, we will add a significant arsenal to our trading strategy. Forex traders use the chart of Japanese candlesticks to be able to forecast the market both long-term and short-term. Elements of Japanese candlesticks Both bars and Japanese candles show the opening and closing prices, the [...]