What are Candlesticks in trading ? Who invented it ?

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  • 5 months ago

    the candles in the graphs refer to the Japanese candles exchange method

  • 5 months ago

     

    The candlesticks charts are developed in the 18th century by Munehisa Homma, a Japanese rice trader. Later it was introduced to the Western world by Steve Nison in his book, Japanese Candlestick Charting Techniques.

    There are many benefits of candlesticks. One of the major benefits, it helps traders to understand the market sequence. which also helps traders to predict the future of trading. Candlesticks also clarify every single change happens in the market.

    The major advantage of candlesticks chart patterns is that they provide investors with an easy-to-read system with which to view any changes that might occur in supply and demand. Simply by using candlestick chart patterns to perform critical day analysis, investors can find evidence of any trend reversals in time.

  • 5 months ago

    It is a way of drawing a chart showing price changes for a security such as a stock. It is a convenient way of showing opening and closing prices, as well as the range of prices at which the security traded, for the security for a specified time period, usually one day. By plotting a series of time periods on a single chart some patterns show up clearly. These patterns are used by some technical analysts to decide when to make trades.

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