Page 15 - WHAT IS FOREX (2)_Neat

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A candlestick is a visual representation of price movement within
a specific timeframe-whether it’s 1 minute, 15 minutes, 1 hour, or

1 day.

Each candlestick shows four key price points for that period:

1.Open-the price at which the candle started.
2.High-the highest price reached during that time.

3.Low-the lowest price reached.

4.Close-the price at which the candle ended.

Candlesticks were first developed in Japan in the 1700s by a rice

trader named Munehisa Homma, who used them to analyze
supply and demand in rice markets.Munehisa Homma is

considered to be the most successful trader in history, he
was known as the God of markets in his days, his discovery made

him more than $10 billion in today’s $.Today, the same concept is

used worldwide in Forex, stocks, crypto, and commodities.