What are Candlestick Charts and Why We Should Use Them?
The candlestick charts are also considered to be quite related to the bar chart. It also has the same four features or primary price points: the high, the low, the open and the close. The candlestick is often at times taken to be a lot much easier to look at and quite easier to analyze than its bar and line chart groups. These charts are believed to be one of the oldest types of charts which are used for predicting prices. They try to trace back the history of it, and believed it to be during the 1700s where it was used for the purpose of rice price prediction. In reality, during this early period in Japan, Munehisa Homma becomes a legend when it comes to rice trading and he obviously gained a huge fortune using candlestick analysis. People around him believed he is one of the people who have carried out over 100 consecutive winning trades. In this type of chart also, similar to other common charts, this also have the open, close, high and low of the features of online Forex prices. Ja
