How to read charts candlestick chart?

In the graphs of this type you can see the following data: the level of prices at the opening and closing of the auction, the highest and lowest prices on Forex for your chosen time period.

Candlestick charts are the most basic technical analysis to online Forex trading currency.

The body of a candle - the wide part of the figure on the chart is called the body of the candle. This part shows the difference between the price at the opening and closing trades. If the price level at the close was below the level of the Forex trading at the opening, then the body of the candle is colored in red. And if the opposite is in blue.

Shades - are thin lines, which depart from the body of the candle on the chart. The shadows represent the highest and lowest prices. At the top of the shade, which is located above the body of the candle, there is an extreme point, indicating the highest bidder bidding. The peak of the lower shadow, which is under the body of the candle shows the minimum price.

Dodge - a candle without a body. Dodge means that the price level at the opening and closing of trades remained the same.

The advantage of graphs such as "Japanese candles" is that only one look is enough to understand the overall picture of the market Forex.