How to read candlestick charts ①

Today we’ll cover the basics, namely how to read candlesticks.

“I know at least that much!”

You might think you can hear that, but thenwhat trading strategy can you come up with by looking at the next candlestick?

Yes, it’s this simple.

Can you form a trading strategy?

Candlesticks are a solid form of technical analysis, so you can trade with just this!

A common thing for people starting FX is to study various indicators, test them, and when they don’t work well, search for another indicator…

Yes, I’ve been like that for a long time too (^_^ゞ

In other wordsthe “search for the Holy Grail”is what you end up doing.

But,the basic in trading is to read candlesticks properly before indicators.

If you have candlesticks, you can win in trading sufficiently.

Using other indicators to complement candlesticks is fine, but if you don’t know the basics of candlesticks and talk about Golden Cross, or overbought by oscillators, you’ll mostly get deceived and lose. That’s my experience (´Д⊂ヽ

So, today I’m going to summarize how to read candlesticks.