Stages of Reading Candlesticks for Beginners

Candlestick is a type of price chart used in technical analysis that shows the highest, lowest, open and close of a price in a certain period. Candlesticks are generally used for short-term trading, so they are more suitable for use by traders. One of the advantages of candlesticks is that they can easily display market psychology.

Generally, to describe the state of market prices that have increased (bullish) candlesticks are used green or white candlesticks. Meanwhile, to describe the condition of a declining (bearish) market price, the candlestick used is red or black. However, not many traders, especially novice traders, have difficulty reading candlesticks. Here's how to read candlesticks for beginners:

Candlestick Contains Four Price Positions

In candlesticks, there are four indicators, namely:

- Open: The price at which the trade opened today

- Low : The lowest price today

- High : Today's highest price

- Closed : The price after the trade closed yesterday

The size of the candlestick body also shows how far the price has moved during the duration of the candle.

Watch the video below for full details!


More info : 

Free material soft copy contact 081 258 066 174 wa/call 

Private info / paid premium class (guided forever until consistent profit and independent). 

Whatsapp/call 081 233 593 672 Or direct access to our web www.wijayatrading.com

Comments

Post a Comment

Popular posts from this blog

Tingkatan Seorang Trader

Image
Sebelum menjadi trader sukses, perlu dipahami bahwa ada berbagai macam tingkatan trader forex yang harus dilalui. Tingkatan-tingkatan tersebut biasanya dibedakan dari beberapa kriteria. Jika dilihat dari pengalaman, pengetahuan, cara berfikir, dan sikap mentalnya, seorang trader dapat dikategorikan dalam 5 tingkatan. Trader Pemula Seorang trader pemula pada umumnya masih merasa asing terhadap pasar forex. Trading forex dianggap sesuatu yang baru dan mungkin agak unik atau mengasyikkan. Mereka cenderung ingin mengetahui segala hal yang berhubungan dengan trading dan pasar forex dengan cepat dan instan. Baik analisa fundamental maupun analisa teknikal dipelajarinya dengan cepat. Trader pemula selalu mencari dan mempelajari cara-cara yang gampang, sederhana, dan segera dapat digunakan untuk trading. Pada umumnya, mereka mengharap profit besar dari trading forex. Trader Profesional Dari sebutan "profesional" yang disandangnya, memang profesi utama trader di tingkatan ini adalah t
Read more

SNR, BEST TRADE STRATEGY!

Image
SNR (Support and Resistance) is fairly popular in the world of forex trading. This is one of the most frequently used techniques in technical analysis. Without it, traders will experience difficulties and even lose in carrying out trading activities. The support point is the point which is believed to be the lowest point of an asset in a certain period. While the resistance point is the point that is believed to be the highest point of an asset in a certain period. In simple terms, support and resistance are likened to the two most discussed attributes in analysis where support is a level that has the potential to withstand price declines. Meanwhile, resistance is a level area that has the potential to hold back price increases. These levels are used to determine whether the price will continue or reverse. Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target price movement. The support area is generally an area used as a reference f
Read more