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1224784MASTERING CANDLESTICKS CHARThttps://www.gandhi.com.mx/mastering-candlesticks-chart-1/phttps://gandhi.vtexassets.com/arquivos/ids/775026/7e15ea0a-070a-4ae9-b7b9-e1dfd59845c7.jpg?v=638336164512200000613613MXNWikley Trader PublishingInStock/Ebooks/1215655MASTERING CANDLESTICKS CHART613613https://www.gandhi.com.mx/mastering-candlesticks-chart-1/phttps://gandhi.vtexassets.com/arquivos/ids/775026/7e15ea0a-070a-4ae9-b7b9-e1dfd59845c7.jpg?v=638336164512200000InStockMXN99999DIEbook20201230003859308_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1230003859308_<p>Discover how to read candlestick charts like a professional trader even if you have zero trading experience.</p><p>Learning to read candlestick charts is a great starting point for any technical trader who wants to gain a deeper understanding of how to read forex charts in general. As you may already know, Candlestick charts were invented and developed in the 18th century. The earliest reference to a Candlestick chart being used in financial markets was found in Sakata, Japan, where a rice merchant named Munehisa Homma used something similar to a modern Candlestick patterns to trade in the Ojima rice market in the Osaka region.</p><p>Although bar charts and line charts were quite popular among Western traders, Japanese Candlestick charts and additional patterns were introduced to the Western financial markets in the early 1990s, by a Chartered Market Technician (CMT) named Steve Nison. The popularity of Candlestick charts has soared among Western market analysts over the last few decades because of its highly accurate predictive features. Candlestick charts can play a crucial role in better understanding price action and order flow in the financial markets.</p><p>Before you can read a Candlestick chart, you must understand the basic structure of a single candle. Each Candlestick accounts for a specified time period; it could be 1 minute, 60 minute, Daily, Weekly exc. Regardless of the time period, a Candlestick represents four distinct values on a chart.</p><p>The opening price at the beginning of the time period<br />The closing price at the end of the time period<br />The highest price during the time period<br />The lowest price during the time period</p><p>Compared to Western line charts, both Bar and Candlestick charts offer more data to analyze.</p><p>Although the same four values are also found in Western-style bar charts, the bar chart uses horizontal lines on the sides of a vertical line to project the opening and closing prices. But, a series of Candlesticks on a chart can help traders identify the character of price action more definitively, which helps in the decision-making process.</p><p>With Candlesticks, it is much easier to interpret the price action during the time period because a Bullish Candlestick shows a full body with a pre designated color and a Bearish Candlestick a full body with a different pre designated color. As a result, many professional traders have moved to using Candlestick charts over bar charts because they recognize the simple and effective visual appeal of candlesticks.</p><p>However, while Candlestick charts make it much easier to interpret price action, it lacks the smoothness of the line chart, especially, when the market opens with a large gap. Hence, professional traders often end up using a short time period moving average to get the feel of a smooth trend, or lack of trend, in the market. So, it can be a good idea to add a moving average to the chart while using Candlestick charts.</p><p>You want to learn more?</p>...1230003859308_Wikley Trader Publishinglibro_electonico_1cd1b5ac-8453-340a-b16f-b6a900e67863_1230003859308;1230003859308_1230003859308Alex KanagawaInglésMéxicohttps://getbook.kobo.com/koboid-prod-public/6afcede1-2b7a-4a18-a2a8-0273a47bc5f1-epub-e158ec25-dc7d-4fec-b1d9-648062cdcafd.epub2020-04-30T00:00:00+00:00Wikley Trader Publishing