December 16, 2018

Candlestick Charting Software

Evening Doji StarMany new traders looking for charting software begin their search looking specifically for candlestick charting software. I may be wrong (and if I am correct me please) but I don’t believe there is a robust software package completely dedicated to candlestick charting. Most, if not all, of today’s most popular charting software packages can be plotted in candlesticks. Candlesticks have become very popular in recent years and many choose to plot their charts in candlesticks for the visual appeal. While it’s true that candlesticks are visually appealing it’s the power of candlestick theory that makes them so profitable if used correctly.

To plot your charts in candlesticks the trader simply chooses this format in the chart properties of the charting software which ever that may be. But there is so much more to candlestick trading profitably than just having your charts displaying in candlesticks! [Read more…]