Technical Analysis 101!!

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Technical Analysis 101!!

Interpreting the candlestick

This type of chart is an extension of the bar chart as discussed and is actively utilised by
the investors in China for more than 500 years of time period. It helps in providing the
information regarding open, close, low and high in the dimensional format. It can be seen that
the vertical axis of the chart helps in providing information on the prices of the FOREX whereas
the horizontal axis represents the time period. The white candles are the representation of the
advances of the currency and the black candles, on the other hand, represents the decline in the
value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical
line represents the wick. This chart helps the investor to forecast the future price movement of
the FOREX.

b) Charting systems

In the mind of a few people, charts are the exemplary image of the trader’s speciality. The
experienced eye can make ups and down. Charting is a questionable piece of the fund. Future
research is probably going to reveal things about outlining that would amaze people today. All
things considered, even individuals who eagerly restrict the training are ought to be acquainted
with the essential techniques of charting.

Follow your Trading plan, Remain disciplined and keep learning !!

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!