Candlestick charts help traders analyze potential market turning points by more clearly illustrating what's happening in the battle between the bulls and bears than bar charts or line charts.

More often than not Forex charts are defaulted with candlestick charts which differ greatly from the more traditional bar chart often used in other markets.

Understanding how to read a candlestick chart can be a real asset during your investment journey. With that in mind, we'll break down the basics for you here.

Some of the most common ones include line, bar, and candlestick charts. A popular chart type used by forex traders is the candlestick or Japanese candlestick.

While candlestick charts often signal market sentiments, a short-line candlestick pattern indicates the indecisiveness of the market with little to no price movement.

A line chart connects a series of data points and is used by traders to monitor prices, currencies, indexes, and other data.

There are four types of charts — line, bar, candlestick, and point & figure. Bar and candlestick charts are the most widely used charts in technical analysis to predict future price action.

You can read Bitcoin candlestick charts with zero experience — here’s how to understand patterns, spot trends, and start making smarter crypto moves.

Classroom | How to read candlestick chart and trendlines (Technical Analysis: Part 4) This part of Technical Analysis Classroom will share insights on using various charts to understand price data.

Candlestick charts help traders analyze potential market turning points by more clearly illustrating what's happening in the battle between the bulls and bears than bar charts or line charts.