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[Razor1911]

The innovation of the candle stick pattern has changed the course of marketing analysis. It was a japanese economist who invented this innovative style of chart analysis. Looking at a candle you can understand what was going in the market. Whether the bulls are dominating or the bears.

There are different types of candles which indicatee different situations. Like doji pattern indicates that the trend is about to change etc. So studying the candle is very important part of your trading analysis.

 

[btaliat]

I wish I saw this thread before i started forex trading. The inability to read candles very well discouraged me from trading on froex as I don't want to be depending on broker before I can initiate a trade. The knowledge of candle reading is very essential in forex trading as it will help the trader to know the entry and exit points.

 

[BALABALA111]

Honestly I think some of us miss the opportunity of learning is particular trading chart I wish I can see someone who put me through on this I will still be glad although I have tried reading about it and learning it truth to be told they can do chat method it's not easy but what's your mindset is there you can achieve understanding it and that is one of the most important part of forex trading understanding the chart I wish I can put in more than this but I'm also learning

 

[ashim kate]

Understanding and interpreting forex charts is one of the easiest and basic things that every tree that should be able to know. Every particular can do is representing a particular timeframe in which you have chosed. A green candle indicates that the market ended above what it's closed in the last session while a red candle indicates the opposite.

 

[Kubiat-Abasi]

I wish I saw this thread before i started forex trading. The inability to read candles very well discouraged me from trading on froex as I don't want to be depending on broker before I can initiate a trade. The knowledge of candle reading is very essential in forex trading as it will help the trader to know the entry and exit points.

True! The knowledge of candle reading is really essential in Forex trading. Doji is a very important signal just like the News to look out for when trading in Forex. Although, it is totally unwise to depend primarily on Doji when trading. Doji candle no doubt has been a very reliable way of predicting trend reversal, this is because it usually shows whether buy or sell orders are exhausted or not. It is most reliable if you are using it in combination with other indicators.

 

[btaliat]

Understanding and interpreting forex charts is one of the easiest and basic things that every tree that should be able to know. Every particular can do is representing a particular timeframe in which you have chosed. A green candle indicates that the market ended above what it's closed in the last session while a red candle indicates the opposite.

You just said the basic about what the two candles represent. But the knowledge is more than this. A trader should know when a red candle is likely to become red and vice versa. He must know the essence of wick in reading candles and many information about candle. He must know how to compare the candle chart of different time frame.

 

[unhappytriad]

The innovation of the candle stick pattern has changed the course of marketing analysis. It was a japanese economist who invented this innovative style of chart analysis. Looking at a candle you can understand what was going in the market. Whether the bulls are dominating or the bears.

There are different types of candles which indicatee different situations. Like doji pattern indicates that the trend is about to change etc. So studying the candle is very important part of your trading analysis.

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I think great traders are those able to understand the candle candlestick and are able to make judgements and arrive at a technical analysis based on that. Based on what you just posted alone, I don't think it is enough for someone to just read or take a glance through and become master over it. It's something that requires technique and time to learn.

 

[Kingsleyy]

I have a better understanding of candle bodies and what they means but my main because now is technical and fundamental analysis because that is the core secret to trading of volatile market conveniently without any problems.. if I have the required money to learn technical analysis then I can be able to generate signal upto 80 percent accuracy.

 

[Wisdom01]

Studying the candle is really important , because if you want to make gains you need to know the proper position to invest in ,the candle stick pattern gives you proper directions to trade and ways to make gain's from the market ,it's really important to keep updated on how the market works ,it's really important to take note of the candle stick

 

[ashim kate]

Candles in forex are very important because they are usually given a lot of information about what is happening in the market. Candles are usually moving in time frames and if you select the one hour time frame then it means it is going to take 60 minutes for one of the candle to take place. You can be able to get the closing price and the opening price of that particular commodity within that time frame in one candle.

 

[kaycee001]

Candles are very necessary in trading as it helps to understand the market at every point.it helps you to know when to trade and when to be patient. I am trying still trying to be perfect with it using my demo account. My friend that is more experienced than me is helping me with the trade on my account while am still learning from him but on a serious note its trading forex is boring to me somehow.

 

[dorcasy]

The innovation of the candle stick pattern has changed the course of marketing analysis. It was a japanese economist who invented this innovative style of chart analysis. Looking at a candle you can understand what was going in the market. Whether the bulls are dominating or the bears.

There are different types of candles which indicatee different situations. Like doji pattern indicates that the trend is about to change etc. So studying the candle is very important part of your trading analysis.

View attachment 176260

My best candle patterns are bullish and bearish engulfing and also shooting stars.
This was the first thing I learnt when I started trading forex newly and also combining it with Bollinger band gave me an edge.
I best work with candle patterns in 1 hour and 4 hours time frames.

 

[Wisdom01]

Candles are very necessary in trading as it helps to understand the market at every point.it helps you to know when to trade and when to be patient. I am trying still trying to be perfect with it using my demo account. My friend that is more experienced than me is helping me with the trade on my account while am still learning from him but on a serious note its trading forex is boring to me somehow.

I think it would get interesting as time goes on ,most especially when you start making profit and less loss , because that's the main goal in trading not just making huge loss like that ,also making high profit is what would increase the interest you would have when making that move of carrying out trade ,but i see trading as a very fun something

 

[Wisdom01]

I know what those red and green candle start for. What I don't really know is how to initiate a trade using candle pattern. I have tried to learn this on YouTube but I haven't gotten the explanation. Besides, I was told candle pattern is always used for each timeframe.

Those red and green candles could be used to get analysis properly on how to place trades and earn , without using them it would be difficult to find a better entry point,they are also used for technical analysis, and again different candles have their own special timeframe when it comes to earning from the market in such range

 

[Mariappa45]

The use of candle sticks is present both in Forex and crypto markets. And it is essential to read through the candle sticks to avoid understand the position of the market via selected currency pairs. Such will enlighten us if it is on the bull or bear, then we proceed further to knowing the factors that caused it's current position.

 

[Wisdom01]

The use of candle sticks is present both in Forex and crypto markets. And it is essential to read through the candle sticks to avoid understand the position of the market via selected currency pairs. Such will enlighten us if it is on the bull or bear, then we proceed further to knowing the factors that caused it's current position.

without candle stick people would have to be holder only , they wouldn't be able to conduct those random short term trades that could be analysed through candle stick , knowing the support and resistance ,the candle stick is really important

 

[Ofonime]

without candle stick people would have to be holder only , they wouldn't be able to conduct those random short term trades that could be analysed through candle stick , knowing the support and resistance ,the candle stick is really important

If am not wrong you must be talking about the news trading and how to trade in the lower time frame,Like seriously I beleive that candle stick have important roles to play,but for me I have my ways of using bar chart to trade with those lower time frame but candle stick is more important and easy to use if you understand it very well,indicators is what that play a major roles for this if you can master the chart indicators then your forcast may go well dont neglect the use of trend line

 

[Wisdom01]

If am not wrong you must be talking about the news trading and how to trade in the lower time frame,Like seriously I beleive that candle stick have important roles to play,but for me I have my ways of using bar chart to trade with those lower time frame but candle stick is more important and easy to use if you understand it very well,indicators is what that play a major roles for this if you can master the chart indicators then your forcast may go well dont neglect the use of trend line

yeah am talking about the news trends or trades , because that's what people would have been using to forecast trade if there was no candle stick ,I am using trendline and many other analysis to master trades for now , because the candle stick have been really helpfully to place trades

 

[Ofonime]

yeah am talking about the news trends or trades , because that's what people would have been using to forecast trade if there was no candle stick ,I am using trendline and many other analysis to master trades for now , because the candle stick have been really helpfully to place trades

am not doubting you people uses candle stick to run their forcast as you said,but for news trading I have my own ways of trading the news sometime I had to listen to news regards country economics situation and what will happen after the news its determind if the market would be uptrend or down trend,so I place my stoploss tight and take profit then I can excecute either buy or sell order but candle stick really help alot

 

[Wisdom01]

am not doubting you people uses candle stick to run their forcast as you said,but for news trading I have my own ways of trading the news sometime I had to listen to news regards country economics situation and what will happen after the news its determind if the market would be uptrend or down trend,so I place my stoploss tight and take profit then I can excecute either buy or sell order but candle stick really help alot

to me the news is actually not really too sure In determining trades , because now that there is political crisis between the two countries Russia and Ukraine ,we were all expecting more fall ,but now things have changed instead there was more increase in the price at the end of the day tho