What's Candle in Forex trading?

[Eduardo Lucchese]

The candle stick is very useful concept in the matatrader you can see past data of market with 1, 5, 15 and 30 minutes and with 1 and 4 hours of data and for more 1 day, 1 week and nothlly data you can see and also you can see current movement of market.

Thank you for the information.

 

[skihav]

In forex, candles refer to the candlesticks charts. They are graphical representations of the currency price movements over a certain period of time and look in the form of candles. Each candle represents four points—open, close, high, and low.

Open: it represents the price at which the market opened for that period.

Close: it represents the price at which the market opened for that period.

High: it represents the highest price the currency pair touched for that period.

Low: it represents the lowest price the currency pair touched for that period.

Candles are filled with green and red colours. If there are more green candles than the red ones, then the market is in an upward trend; if there are more red cadles than the green ones, then the market is in a downward trend. There are different timeframes to see candle charts, including 1minute, 5 minutes, 1 hour, and 1 day.

 

[Alexander Hudson]

The candle stick is very useful concept in the matatrader you can see past data of market with 1, 5, 15 and 30 minutes and with 1 and 4 hours of data and for more 1 day, 1 week and nothlly data you can see and also you can see current movement of market.

Thank you for your information.

 

[CarmeloGiroux]

Candlestick charts are the popular charts that are used by traders to anticipate possible price movement based on past patterns. Like a bar chart a daily candlestick shows four price points- high, low, open and close. Candlestick comprises two parts- the wide part is known as ‘the body’ and two lines above and below the real body are known as ‘shadow’.
The body can be hollow or colored. The hollow body represents the bullish trend.
The colored body represents the bearish trends.
These candles can be colored- red and green where red is a bearish trend and green is a bullish trend.
There are many types of candlestick patterns. Some of them are- Hammer, Piercing Pattern, Bearish Evening Star, Bullish Engulfing pattern, Bullish Rising Three and, Bearish Falling Three.

 

[FXOpen Trader]

Candlestick charts are the popular charts that are used by traders to anticipate possible price movement based on past patterns. Like a bar chart a daily candlestick shows four price points- high, low, open and close. Candlestick comprises two parts- the wide part is known as ‘the body’ and two lines above and below the real body are known as ‘shadow’.
The body can be hollow or colored. The hollow body represents the bullish trend.
The colored body represents the bearish trends.
These candles can be colored- red and green where red is a bearish trend and green is a bullish trend.
There are many types of candlestick patterns. Some of them are- Hammer, Piercing Pattern, Bearish Evening Star, Bullish Engulfing pattern, Bullish Rising Three and, Bearish Falling Three.

I have been making use of the Candle sticks in doing my trades and i can say for sure that we need to make use of the Trend Formations Candles.

 

[Hobbledehoy]

In technical analysis, we use candlestick charts to see the price movements. A candlestick chart looks like a candle.

In a candle, there are points-

1)Open - it tells the opening price of a currency for a time period.

2) Close- it tells the closing price of a currency for a time period.

3)High- it tells the highest price of a currency pair for that day/time

4)Low- it tells the lowest price of a currency pair for that day/time

 

[Gallimaufry]

Candlesticks in the forex market are a type of price charts that are used to display technical analysis. High, low, open and closing prices of a security for a certain period of time are represented on these charts for the traders.

 

[emerald]

Candlestick? This should help you out - https://www.babypips.com/learn/forex/japanese-candlesticks-cheat-sheet

 

[The trader]

unrealistic expectation indicates immature attitude and emotions. this habit really non professional which always make traders greedy.

 

[FXOpen Trader]

unrealistic expectation indicates immature attitude and emotions. this habit really non professional which always make traders greedy.

We should start making such Efforts so that the losses can be brought down by us.

 

[lynnsandoval]

Candlestick charts are very important for conducting technical analysis. It helps a trader to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.

 

[Bahiya Shinam]

Basically Candle patterns was too much popular during 2012-13; but the reality is you can’t rely on any specific type of pattern! To be a consistent player you have to focus on the full picture insread of any specific pattern! On the other hand, don’t try to earn money without proper trading knowledge! Forex trading is full of trading knowledge!

 

[FXOpen Trader]

Bitcoin, blockchain, ICOs, ether, exchanges. As you've no doubt noticed, cryptocurrencies (and their corresponding jargon) have caused quite a stir in the media, online forums, and maybe even in your dinnertime conversation. Despite the buzz, many people are still unable to comprehend the meanings of these terms. Perhaps we could put it as simply as Stephen Colbert does below, but we’ll be a tad more precise.

We will need to learn about using the Candles in doing our trades into the markets.

 

[lotcamel]

Candles in the candlestick charts are bodies that represent bullish and bearish trends. Candlestick charts highlight the open and the close of different time periods more distinctly than other charts, like the bar chart or line chart. Forex price movements are perceived more easily on candlestick charts compared to others.
Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.

1. Open price: The open price depicts the first traded price during the formation of a new candle.
2. High price: The top of the upper wick. If there is no upper wick, then the high price is the open price of a bearish candle or the closing price of a bullish candle.
3. Low price: The bottom of the lower wick. If there is no lower wick, then the low price is the open price of a bullish candle or the closing price of a bearish candle.
4. Close price: The close price is the last price traded during the formation of the candle

 

[FXOpen Trader]

Candles in the candlestick charts are bodies that represent bullish and bearish trends. Candlestick charts highlight the open and the close of different time periods more distinctly than other charts, like the bar chart or line chart. Forex price movements are perceived more easily on candlestick charts compared to others.
Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.

1. Open price: The open price depicts the first traded price during the formation of a new candle.
2. High price: The top of the upper wick. If there is no upper wick, then the high price is the open price of a bearish candle or the closing price of a bullish candle.
3. Low price: The bottom of the lower wick. If there is no lower wick, then the low price is the open price of a bullish candle or the closing price of a bearish candle.
4. Close price: The close price is the last price traded during the formation of the candle

We will need to learn the use of the candle sticks in doing our trades into the Forex markets.

 

[Underwit]

A candlestick chart is made of tiny cylindrical bodies that move up and down. These bodies are called candlesticks or candles because they look like candles, except they have sticks protruding out from both of their ends. Thus, eadh candlestick has two parts: a body and two sticks. These sticks are referred to as shadows or wicks.

A candlestick tells traders information regarding the price movement. Each candlestick represents four points—open, close, high, and low.

Open- the price at which the market opened.

Close- the price at which the market closed

High- the highest price the market touched before it closed

Low- the lowest price the market touched before the market closed.

A trader can view candlestick charts for any timeframe of his choice.

 

[maxlvg]

There are different types of forex charts which are used to represent price movement data on the forex chart. Candlestick chart is a type, which uses candle sticks like formation to show the price movement in a certain period of time. So, a candle is a rectangular bar with or without wicks on top and bottom that projects the movement of price for a certain time period.

 

[FXOpen Trader]

There are different types of forex charts which are used to represent price movement data on the forex chart. Candlestick chart is a type, which uses candle sticks like formation to show the price movement in a certain period of time. So, a candle is a rectangular bar with or without wicks on top and bottom that projects the movement of price for a certain time period.

We should try to understand trading in a way so that the profits can start coming to us.

 

[heispark]

Candlesticks charts are very helpful to study the previous price movement and identify the potential opportunities. It is the basis of technical indicators and a trader who knows how to read the charts need not to rely on anything else to make their trading decisions.

 

[Moralsand]

A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. It originated from Japanese rice merchants and traders to track market prices and daily momentum hundreds of years before becoming popularized in the United States. The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher). It's pretty simple and crucial for newcomers.