Japanese candlesticks - trader's graphical indicator
Japanese candles - is a unique indicator, a program aimed to help traders from all over the world to trade. It's no secret that earning money on the electronic currency exchange is not easy. At least, it's clear to everyone, who has something to do with financial market. If allows earning a lot and fast, it doesn't mean that it allows earning easy. It is true that when future players are just about to learn the basics of the financial market, just starting to get interested in trading, they are not even aware of it. Many believe that earning on the World Wide Web will not give them much trouble. But already at the training stage the players become convinced of how much they were wrong at the beginning. They begin to realize what is really required of them, that it is not enough to have the necessary knowledge. Theory must be successfully combined with practice. This means that they need to practice. And automatic assistants don't hurt either. И Japanese candles in this case is a great option.
Japanese Candlesticks - free powerful indicator
There are many indicators which are really popular among the clients of the currency market, which allow making a qualitative analysis of the exchange, pointing to several indicators at once. But not every program is free, and free effective software is hard to find. Distributed at Japanese candles It's hard to underestimate the benefits they bring. Although a good technical analysis of the exchange, no matter what indicator it is made by, will in any case be highly appreciated by consumers. Every player knows that the correctness and quality of the analyzed currency fluctuations determines what algorithm to choose, how to adjust your trade, and, accordingly, what it all will lead to.
But free distribution is not the only reason traders download Japanese candles and so actively use them. The fact is that each candlestick shows several different important points of analysis, such as the beginning of the completion of the transaction, its end, the value of the currency for the entire period (minimum and maximum), and so on. Accordingly, the player can more fully calculate how much he has earned or how much he has lost, as well as whether it is worth continuing to fight or not. In addition, if you set a small time interval, the candlesticks will come out often enough to respond to any change in the rate.
Why "Japanese candles"?
The very name of the indicator was not invented by chance. First of all, the creator of the program is Japanese Munehis Homma. Moreover, the very signs of the indicator, its indicators resemble candles - two colors (white and black) with two wicks at the top and bottom of the body. Together, the chart produced by the indicator looks like a certain track of such candles.
Nevertheless, it should not be forgotten that with any program, including Japanese candles, you still need to know how to handle it correctly. First of all, the player must learn what the Japanese candlesticks mean. He should know, for example, that if the body of the candle is colored in black, this means that the deal was won by the sellers (the trend is downward). If the candlestick's body, on the contrary, is colored white, then the buyers won the deal, and the trend is upward. Accordingly, in order to navigate the situation faster, the player must carefully study the component of the system. Only this way he will be able to develop a high rate of reaction to changes and make decisions in time, each of which, incidentally, can be vital.