Welcome to new traders! 👋 Do you want to easily understand market movements?
Japanese candlesticks are the easiest way to see what is happening in the market, as if you are reading a story in each candle! 🕯️
What is a candle?
Imagine that each candle is like a small box that tells you the price of anything (like stocks or currencies) at a certain time (hour, day..).
Each candle has 3 main parts:
The body (the thick part in the middle):
If it's green (or white): it means the price rose during this time. Buyers were stronger! 📈
If it's red (or black): it means the price fell during this time. Sellers were in control! 📉
The upper wick (the thin line above the body):
This line shows you the highest price the item reached during this time.
The lower wick (the thin line below the body):
This line shows you the lowest price the item reached during this time.
In very simple terms:
A long green candle with a short upper wick: the price rose strongly and didn't drop much.
A long red candle with a short lower wick: the price fell strongly and didn't rise much.
A candle with a small body and long wicks (above and below): the market was confused, the price rose and fell a lot but closed near where it started.
Japanese candlesticks allow you to see the big picture quickly and understand who is in control of the market. Try to get to know them and see how they can help you!
#Trading_For_Beginners #Invest_Smart #Learn_Trading #Japanese_Candles #سوق_المال
