Understanding Candlesticks Lesson 01: Candlesticks

Candlestick Analysis

Candlestick analysis was believed to have been developed in Japan in the 18th century, being used by rice traders to track price movements. It is now the whole basis for Japanese investment philosophy. It was introduced into Forex trading in the U.S. around the early 1990s by Steve Nison. The candlestick charts provide traders with a visual insight into market sentiment, helping them make informed decisions about trends and price changes. In Forex, where price movements can be fast and highly volatile, candlestick patterns can offer significant signals about potential reversals, continuations, and market trends, making them an indispensable tool for traders.

This course teaches you all about Candlestick charts and how they are used in Forex trading and they can be a very powerful tool for Forex analysis.

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