Let's learn candlesticks: open, close, high, low, and wicks
Hello.XP Aniki（@doller100） is (*^^*)
I have a connection with GogoJungle, and I will publish a series titled【Beginner Friendly】Starting FX Life from Zero.」という連載をさせて頂きます。
FX is difficult.
Something you cannot win.
Something that makes you lose money.
These perceptions are becoming a thing of the past, and with solid knowledge, money management, and mental control,“Online side business”you can earn a substantial amount of money.
When I started FX in 2010, it was an era with clear remnants of the 2007 subprime loans and the 2008 Lehman Shocks aftermath.
Since then, Japan’s style has moved toward weakening yen.
If the yen strengthens, the country and central banks take an interventionist stance.
Also, I feel the country’s will not to repeat a tragedy like Lehman’s, so I feel we are living in a very trade-friendly era.
Rather than talking for too long, I would like to start the series’ content, but since it’s pointless for someone who hasn’t earned even 1 yen to read, please allow me to post one article link.
2016 was a time when the market moved greatly due to Brexit and Trump’s inauguration.
In such times,“FXZai-sama” interviewed me.
I couldn’t earn a lot, but gradually earning month by month and having that recognized strengthened my confidence in that memorable year.
Please allow me to post just that year’s article link.
【Operations Report】2016 Realized P/L【About the Reliability of TriAuto FX】
Let’s Learn Candlesticks: Open, Close, High, Low, Wicks
FX involves buying and selling currencies around the world.
There are many currencies, but the chart reading method is basically the same.
If you memorize the chart, FX becomes much easier to understand.
Now, let’s learn the basic way to read it.
Learn How to Read Candlesticks
One candlestick represents,“Open, Close, High, Low”.
✔Close… the price at the end of that time
✔High… the highest price during that time
✔Low… the lowest price during that time
Next I’d like to explain about the wick.
Wicks include an “upper wick” and a “lower wick.”
If the close is lower than the high, it becomes an upper wick, and if the close is higher than the low, it becomes a lower wick.
This is the AUD/JPN (Australian dollar / Japanese yen) chart I trade often.
About the Upper Wick
Red circlePlease look at where it is marked.
It rose to the high within that period, but then sold off and the candlestick closed (the close)
This candlestick then shows how high it rose when bought and how low it fell when sold, in a single candlestick.
About the Lower Wick
Blue circlePlease look at where it is marked.
It fell to the low within that period, then was bought and the candlestick closed (the close)
This candlestick then shows how low it fell when sold and how high it rose when bought, in a single candlestick.
Summary
Thus, I will write articles about starting FX from zero.
For those who think it’s simple or obvious, and those who are just starting and didn’t know, there are various readers.
The series will cover from basics to advanced, so let’s study step by step and verify each part.
This article is quoted from this site.
Let’s Learn Candlesticks: Open, Close, High, Low, and Wicks
