23
Jan

#### How To Make Money Through Forex – Part 16 ####

   Posted by: RaymondLee   in Forex

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Advantages of Candlesticks

The main purpose of candlestick charting is to serve as a visual aid. Lets see the advantages of candlestick charting: -

  1. Candlesticks are best for beginners to start figuring out on chart analysis as it can easily be understood and easy to interpret.
  2. Candlesticks user-friendly.The visibility adapt to your eyes almost immediately on the information in the bar notation.
  3. Candlesticks and candlestick patterns can be easily being remembered by its unique names such as shooting star which resembles its pattern
  4. Candlesticks are good for indentifying market trend -reversal from uptrend to downtrend or downtrend to uptrend.


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This entry was posted on Friday, January 23rd, 2009 at 2:38 pm and is filed under Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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