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Candlestick Chart

The candlestick chart is the most popular chart used in Forex. It is a nicer, more graphical version of the bar chart. Built of candle-shaped sticks. Green (or white) candles indicate uptrends and red (or black) candles represent downtrends. Each candle shows the open, close, high, and low prices for the specific time frame.

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Open Position

An active trade that has yet to be closed.