Tutorial series for forex beginner!(Part 1) To learn how to read K-line in 3 mins!

K-line (Candlestick chart), also known as “yin-yang candle” and “candle line”, is a kind of graph line that reflects the price trend. Its feature is that you can read a number of message in one K-line, which is quite easy to read and understand, practical and effective, and can be widely used in the technical analysis of stocks, futures, precious metals, digital currency and other market, known as K-line points.

The area between the open and the close is called the real body.

If the asset closed higher than it opened, the body is green or unfilled, with the opening price at the bottom of the body and the closing price at the top. (left side)

If the asset closed lower than it opened, the body is red or filled, with the opening price at the topof the bodyand the closing price at the bottom.(right side)

Generally, the longer the body of the candle, the more intense the trading. For example, The normal fluctuation of forex points are about 50-200 per day. Compared with 20 points per day, 200 points are more valuable to make money for traders.

The K-line can be divided into six forms of periods: 15mins K-line, 30 mins K-line, Daily K-line, Weekly K-line, Monthly K-line and Annual K-line.

As a newbie, you can start with Daily K-line at the beginning, a Daily K-line includes opening price, closing price, highest price and lowest price.

The weekly K-line refers to the K chart drawn with the opening price on Monday, the closing price on Friday, the highest price of the week and the lowest price of the week.

The monthly K-line is based on the opening price of the first trading day of a month, the closing price of the last trading day, and the highest and lowest price of the month.

In the same way, the definition of the Annual K-line can be deduced. The Weekly K-line and the Monthly K-line are often used to study and judge the medium-term market.

The horizontal axis of the K-line represents the time and the vertical axis represents the currency.

In next article, WikiFX will introduce the classic forms of various K-lines.

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3: The editor will review it again before the article is published.

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