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Forex Trading Basic Tools – Candlesticks Chart
Candlesticks are tools used for technical analysis of financial instruments such as securities, derivatives or currencies. A candlestick chart converts a continuous time series into a series of discrete technical symbols. The density of candlesticks in a candlestick chart depends on the period of analysis- for instance, when converting intraday data to candlestick charts, one can chose the interval period for each candlestick as one hour (or any other value). This would convert the continuous intraday line graph to a candlestick pattern with a candlestick for every hour. Read more on Forex Trading Basic Tools – Candlesticks Chart…
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