What is Candlestick in Forex Market:

Assalamualaikum!

Dear members forex main market main jb hm work krty hain. Tu hmein chart open krty hi os pr Koch candles nazar ati hain. Ju uper nechy move krti nazar ati hay. Jin ko ko hm identify krty hain. Aur phr tread krty hain. Aj candle stick ke sari malomat AP Sath shear krun ga. Jis sy ap ko bhi asani ho gi.



What is Candlestick:

Market main work key duran firstly. Candle stick ko identify krty hain. Kun agr AP in candle ko achy learn kr lety hain tu ap bht acha profit hasil kr skty hain. Jb AP chart open krty hain. Tu os pr AP ko red Aur black color ki bht zada candle banti dekhai deti hay. Jis ko hm candle sticks khty hain. Koch candles uper ko trf move krti nazar ati hain Aur Koch nechy ki trf move krti hain. Candles ki tamam information nechy ko btai gai hain.




Candle ko maloom krny ka tarika:

Market mein jb bhi ap kisi pattern ko find out krty hain.tu chart pr different shakal ki candles hoti hain. Koch candles red Aur koch green hoti gain. Jin according hm tread lety hain. Red bearish Aur green bullish ko show krti hain.




Working with Candlestick:

Dear forex Market key andr jb ap chart ko analysis krty hain. Tu candle ki opening point ko phly pta krty hain. Es key different part mojod hoty hain. Ju k time frame mein aek point sy candle start hoti hay. Jb BHI hm short Aur long trem Treading hm market main bht achy point or tread kr skty hain. Jb BHI market mein green candle musalsal up ja Rahi hon tu yeah bullish trend hota hy. Yeah hmein buy key signal deta hay. Aur jb red candle nechy ki trf jati Nazar aen tu yh down trend khlata hay. Green candle bullish candle hoti hay. Aur bearish candle red ya wait color ki hoti bullish trend EIN buy key signal deta hay Aur bearish trend sell krny Kay signal fraham krta hay. Agr achy confirmation key sath hm entry lety hain tu hm bht achy earning kr skty hain.

Re: What is Candlestick in Forex Market:

WHAT ARE CANDLESTICKS IN FOREX?

• Forex candlesticks provide a range of information about currency price movements, helping to inform trading strategies
• Trading forex using candlestick charts is a useful skill to have and can be applied to all markets

What could possibly be more important to a technical forex trader than price charts? Forex charts are defaulted with candlesticks which differ greatly from the more traditional bar chart and the more exotic renko charts. These forex candlestick charts help to inform an FX trader’s perception of price movements - and therefore shape opinions of trends, determine entries, and more.
All currency traders should be knowledgeable of forex candlesticks and what they indicate. After learning how to analyze forex candlesticks, traders often find they can identify many different types of price action far more efficiently, compared to using other charts. The added advantage of forex candlestick analysis is that the same method applies to candlestick charts for all financial markets.


FOREX CANDLESTICKS EXPLAINED

There are three specific points that create a candlestick, the open, the close, and the wicks. The candle will turn green/blue (the color depends on the chart settings) if the close price is above the open. The candle will turn red if the close price is below the open.
If you have the chart on a daily setting each candle represents one day, with the open price being the first price traded for the day and the close price being the last price traded for the day.

• Open price: The open price depicts the first traded price during the formation of a new candle.
• 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.
• 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.
• Close price: The close price is the last price traded during the formation of the candle.

The image below shows a blue candle with a close price above the open and a red candle with the close below the open.


Candlestick charts have certain advantages:

• Forex price movements are perceived more easily on candlestick charts compared to others.
• It is easier to recognize price patterns and price action on candlestick charts.
• Candlestick charts offer more information in terms of price (open, close, high and low) than line charts.

However, there are some disadvantages of candlestick charts:

• Candles that close green or red may mislead amateur forex traders into thinking that the market will keep moving in the direction of the previous closing candle.
• Candlestick charts may clutter a page because they are not a simple as line charts or bar charts.