EURUSD 1.1787 USDJPY 112.14 USDCAD 1.2774 EURCZK 25.557 USDCZK 21.677 EURPLN 4.2304 USDPLN 3.5887
EURUSD 1.1787 USDJPY 112.14 USDCAD 1.2774 EURCZK 25.557 USDCZK 21.677 EURPLN 4.2304 USDPLN 3.5887

Start real trading in just 30 minutes

Start real trading in just 30 minutes

Micro-lots with no minimum deposit!

Open demo account MetaTrader5

Open demo account MetaTrader5

Opening demo account is the first step

Demo account in MetaTrader 4

Demo account in MetaTrader 4

All-time trading platform classic

For beginners

For beginners

Learn the basics of financial markets

Candlestick charts are popular amongst traders, as they deliver a quick insight into the situation on a market - maximum amount of information in a clear way

Rule of thumb

With candles a trader is able to make decisions quicker because of their unique visual cues

Candlestick charts began their history in Japan, and are probably one of the oldest types of charts, but at the same time one of the most popular. They are somewhat similar to bar charts, however colours differentiate a price increase from a price decrease.

 

candlestick chart

 

As with  a bar chart, candles have one major vertical bar, representing a time unit (e.g. 1, 5, 10 minutes), but instead of having notches on the right and left hand sides, there is a body for which the inside colour depends on  a price change. Its increase usually is represented by the colour white or blue, when its decrease is represented by the colours black or red.

 

Candlestick shadows or wicks represent the lower and maximum price level for  a specified time unit, and are thinner than the body. Therefore, candles stress out how  a close price relates to  an open price.

 

How to use it with MetaTrader 5:

  • Press the Candlestick chart button.
  • Select “ Candlestick chart” from the “Charts” menu.
  • Alternatively you one choose to press “Alt” + “2”

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