What are candle charts? Candle

candle charts

There are many different types of Forex charts. There is, however, the kind that traders use around the world - candle charts. What do they depict? 
A candlestick chart is a financial chart used to illustrate the price of a currency, security or derivative.

Thanks full to the possibility of using these are charts at different intervals, a single candle to contains four key information things about prices from a given the interval - the price of opening, closing, the as well as maximum and minimum. 
It is the clear that currency to candlestick charts are often used in technical analysis of price formation on the currency market.

candle charts

What do the currency candlestick charts represent?

candlestick charts represent

As mentioned earlier, candles are a way of showing price movement over a period of time. What's more, they can provide useful information, such as market sentiment or possible reversal of trends in selected markets, showing price movement in a certain way. Learning how to read candle charts is a good starting point for later using this technique in commerce.