Candlestick Chart Patterns And Their Uses

Smart Income

Today we will study candlestick chart pattern but before I’m going to teach you this let’s talk about the history behind it.

I’m not going to tell you whole story about this but just a few points which will help you to figure out why we are using Candlestick Chart in our Trading.

You might be asking yourself who inverted this chart and why do we use candlestick chart in our trading to get better and accurate result?

The Japanese had inverted Candlestick chart and they have been using Candlestick chart for 200 years and with continuous hardworking they have got command over this.

All the professional trader are using Candlestick chart and they have gained huge profit from it.
What should you do to get command over Candlestick chart?

I will teach you step by step and make you a professional trader if you read all my blogs carefully.

Now let’s get started, there is no rocket science behind candlestick chart all you need to do is learn some indicators and you are good to go.

First thing you need to do is get your demo account over exness or any other broker but I strongly recommended you to go with exness.

Follow the link below and get your Trial account.

When you got your demo account simple open it by exness plat form meta4.


Follow the link below to get meta4 plat form.




I’m sure you will get your Trial account now all you need to do is install meta4 in your computer and
open your account by giving your account details which you have save in notepad or somewhere else you in your computer.

After giving your account details to meta4 platform software, a page will open where at left hand side page you will see some currencies and graph on it.

Now go the currencies column/tab right click and the hit the button show all then you will be see all the currencies that your software have got.

Now you’re connected to forex trading live.

How Do we Used Candle stick Chart :

As I told you about candlestick chart above the question comes in your mind how do we used it?

First go to the currencies tab again and select any pair let’s go with eur/usd. Now right click on this particular currency and hit the button chart window.

Minimize this chart window then do the same procedure but this time we will select other pairs for instance. ( Gbp/Usd,Usd/Jpy And Eur/Jpy )

You got that? Once you have open all these pairs chart window you need to right click on any pair let’s suppose it could be eur/usd and go the properties we will give a green color as a positive sign and red color as a negative sign.

Here I’m adding one more thing

What does Bullish and Bearish means?

We take Bullish as higher it means when market is going up we say bullish.

Similarly we say Bearish when market is going down.

First we change the color of Bullish And Bearish Candle so let’s change it ! we apply green color for
Bullish Candle and Red color for Bearish candle.

Note Green color means market is moving higher and red means you got it huh

Then go the next tab name “common” on the right hand side you might see candlestick chart box make sure you check the box and hit okay to close the window.

Now Zoom it by going up. You will find the zoom button on the up end of the window.

I’m pretty sure you all did this correctly.

Happy Trading!