Reading The Closest Market Direction From Running Candle

Forex is often said to be one of the investments with a high enough risk. However, on the other hand, forex investment is also an investment that can provide very high returns. Therefore, to be able to get the maximum profit, traders need to know and learn some things about forex. One of them is how to read the correct forex chart.

The ability to read charts is a must-have initial capital. By having the ability to read good forex charts, traders can more easily do analysis. In addition, traders will also find it easier to practice a trading system that suits their respective trader style.

A trader needs to have the ability to read forex charts because trading takes advantage of the difference between buying and selling prices. If a trader doesn't know how to read forex charts, then trading strategies that require expertise to read charts will be difficult to implement. In fact, basically forex charts are displays that show the movement of market prices. The chart is composed of bars or candlesticks which are usually formed from OHLC prices (Open, High, Low, Close).

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