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Why Candlestick chart is favourite of Traders, Here you must know some facts.

Price action traders rely on candlesticks because they convey a great deal of information about each trading period in a visual format that is easy to interpret, allowing traders to compare the behavior of price in different time periods with a quick glance at a price action chart. Each candlestick can be “read” as a meaningful part of the developing narrative of price. They communicate the “market sentiment”.whether (and to…
Candlestick Chart Home

What are Candlesticks, Do you know the basics?

Put simply, candlesticks are a way of communicating information about how price is moving. Candlestick charts are available on ThinkForex trading platforms for all assets individuals can trade on the platforms. Below is a sample of a candlestick chart derived from the ThinkForex web trading platform: This chart shows price on the right (vertical) axis, and time on the bottom (horizontal) axis. Moreover, the chart is made of bars that…
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Types Of charts available in Stock Market

Charts are two-dimensional representation of price over time. There are many types of charts available. But most popular and widely used among them are Line Charts, Bar Charts and the Candlestick Charts. The X axis,i.e. the time axis is crucial. The unit can be month, week, day, hour, 5 min or few seconds. The shorter the time period, more detailed the chart becomes. The beauty of time in technical analysis…