I hope you to be interested in FX and Stock, I hope you to be a good FX and Stock trader in the Philippines!
Because, We, Filipinos can invest FX and Stock now!
This time lesson is Chart candle!
Thank you for coming to my blog and reading some articles!
I am Hiroshi, I have earned with FX, Bookmaker, and my business!
I have been trying to improve my home, the Philippines, so I have been sharing with you for living a comfortable life.
This is for you!
How to look at the FX candle?
The green candle :
If the price closed at a price above the opening price, then the candle is referred to as a ‘bullish’ candle
The red candle :
if the price closed below the opening price, then the candle is referred to as a ‘bearish’ candle.
On the TimeToTrade charts, the bullish candles are coloured green and the bearish candles are coloured red as illustrated:
An overview of Candlesticks
A candle represents the changes in price over an interval of time such as 1 day or 1 minute.
Main Body :
The main body of the candle illustrates the opening price at the start of the time interval and the price when the market closed at the end of the interval.
Upper and Lower wick or (Head and Tail) :
The head and tail represent the highest and lowest prices during the interval.
In addition, The length of the ‘Head’ is the difference between the highest price during the interval and the greater of the Open or Close price.
The length of the ‘Tail’ is the difference between the lowest price and the difference between lesser of the Open or Close price.
The length of the ‘Body’ if the difference between the Open and Close price. The full length of the candle is referred to as the ‘Shadow’.
period of time
Again, The candles show the open, close, high, and low price in any given period of time.
I often say to you “week chart”, “day chart”, “4H chart”, and “1H chart”.
What is the mean? Le;ts give me an example.
In 4 hours chart, the candle is included 1-hour candle × 4.
So, the 4-Hours candle is the same represent price value.
Another one example, day chart candle is included 4-hours candles × 6, 1-hour candles ×24, etc.
Try out reading FX and Stock candle!
You can try out FX and Stock with a Free account on Trading View!
Almost traders say “Learning and Studying trader will never win in FX and Stock, The most important to be a Trader is Experience.”
At the first, You should sign up Trading view free account, then try to experience the real FX and Stock world!
Massage
In the end, I hope you read FX and Stock candles as soon as possible by my article!
I have kept putting on FX articles! I want to improve my home!
This is for you!
