HOW TO READ CANDLESTICK CHARTS FOR BEGINNERS 2020 | UNDERSTANDING CANDLES IN DAY TRADING

In this video, I go over how to read candlestick charts for beginner traders.
Doesn't matter if you are day trading, swing trading, or long term investing, you need to understand the story the candle sticks are telling you. Each candle stick represents the price action in a certain time period. So if you are using a 5 minute intraday chart to look for your day trades, each candle would represent the buying and selling in a 5 minute time period. The price action the candles show you will help you to get better entries and exits when day trading, and keep you away from stocks that are heading in a downward direction that usually might not notice and try to trade. You have to trade what the stock market gives you, and the candles on a candlestick chart will tell you what the stock market is giving you. I can't stress enough how important it is to be able to read candlesticks. Indicators, moving averages, studies, strategies, etc. won't mean anything if you don't understand what each candle means on a candlestick chart. So take the time to study, and get a better understanding of candlesticks and price action!

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