Lecture Two in Trading
🔹 Lecture Two:
Basics of Reading Candles and Analyzing Movement
In the first lecture, we focused on the idea of monitoring the currency in both decline and rise.
Now, it is time to open a broader door to understand Japanese candles, as they are considered the basic language of the market.
📌 Each candle on the chart represents a battle between buyers and sellers:
The body of the candle shows us whether the market was in an uptrend (green) or downtrend (red).
The shadows or tails indicate the strength of pressure: if the upper shadow is long → it means there is strong resistance, and if the lower shadow is long → it means there is strong support.
🎯 Your task at this stage is to start noticing:
1. Does the movement repeat in a pattern?
2. When is the market in a moment of weakness or strength?
🔑 Remember: the candle is not just a green or red line; it is a complete story about market psychology.
⚡️ In the third lecture, God willing, we will delve into important levels: support and resistance, and how to base
your trading decisions on them.
In appreciation of your effort
and to gain you as a dear brother in our channel