Candlestick

Candlestick - the oldest method of analysis in online Forex trading currency, developed by the Japanese in the 18 century, to monitor the rice trading.

The Japanese painted columns, symbolizing the trading each day, their discovery, the highest and lowest prices and the closing auction.

They made marks in the form of rectangles between the opening and closing of each auction so that every column looked like a candle. That is why this method of analysis is still called "Japanese candles". The technique of "Japanese candles" and to this day is widely used to study the trends in market Forex.

Each candle darker color indicates the highest price, and the initial - a lighter shade. If the volume of trade before the opening of trading was more than before the closure, candles marked in dark ink. And if the contrary, the candle will be red.

To date, the system Forex offers software that allows you to change the color of the candle so that he would have given you clear signals about changes in the market, so you can choose the color you like.

Candles on Forex are used to predict the present market situation. This method provides information in more detail than any other schedule.