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Trading and Investment Terminology

candlestick charts

Steven Nison introduced candlesticks to the Western world with his book “Japanese Candlestick Charting Techniques”. 

Candlesticks have become a staple of every trading platform and charting program for literally every financial trading vehicle.

A candlestick chart is simply a chart composed of individual candles, which traders use to understand price action. 

Candlestick price action involves pinpointing where the price opened for a period, where the price closed for a period, as well as the price highs and lows for a specific period

A candlestick chart is also plotted with 4 share price data (i.e., open, high, low, and close) like a bar chart.

A candlestick charting technique was developed by Japanese commodity traders and they are usually called Japanese Candlesticks.