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Binary Options: Candlestick Charts

Adam titcher

 

Any experience trader will need to get used to the concept of reading Candlestick charts which show progress of an asset Can be stocks, commodities, indexes or Forex currency pairs. More over a short or long period of time. The charts will show the trends that we are trying to follow, whether it is CALLing an asset Can be stocks, commodities, indexes or Forex currency pairs. More or PUTting against it.Green and Red are simply colors used in the platform and should not be understand as “GO” or “STOP”. These colors are both “GO” in the sense of making trades.Candle Stick

If the closing price is higher than the opening price, then the candlestick will be green. If the closing price is lower than the opening price, then the candlestick will be red. No matter the color, the candlestick has all the same properties, except for the opening versus closing prices. As you can see above they are inverted.

 

 

Candle Stick 2

This chart represents the currency pair EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More ? USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More over a thirty (30) minutes period. There are multiple candlesticks, showing growth and decline over this time. When the stick is green, that means it is going above the open price of the trade. When the stick is red, that means it is going below the open price of the trade. Each candlestick represents a block of thirty minutes.

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