I've been using candlestick charts for several years now and they are easily the best type of chart you can use in my opinion. Each candle tells you the high and low point, the opening and closing price, and whether the price moved upwards or downwards during that particular period. In addition the shape of each candle can give you vital clues as to the future direction of the market you are trading.
So overall they are extremely useful and I would certainly recommend you start using candlestick charts if you're not already doing so. You can find out all about them and learn how to trade certain candlestick patterns by watching this free training video entitled 'Advanced Applications of Candlestick Charting'.
It's 100 minutes long and packed with useful information. It's doesn't just cover the basics either because it goes on to discuss some of the more advanced techniques you can use to trade candlestick charts.
You can watch this free video by clicking here, and it's also worth pointing out that there are three other training videos you can watch via this link:
- 'Basic Indicators To Analyze Markets'.
- 'Day Trading Made Simple'.
- 'Using 'Differences' To Spot Shifts In Momentum'.
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