Recognizing the Many Benefits of Candlestick Charting

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Trading, investing, and charting styles are plentiful. You can spend hours debating what type of approach to the markets is the best. For me, and for a growing number of other traders, the benefits of a candlestick chart versus other types of charts aren't really debatable. Let me tell you why.

Changes and developments in the way stocks and other securities are traded (and when they're traded) have made trading an increasingly complex undertaking. (For more info, see the nearby sidebar, "What makes up a day?") Because trading is becoming more and more complex, the need for a consistent, dynamic charting method is more important than ever. Traders need easy-to-read charts that allow them to make quick decisions and efficiently analyze patterns. Candlesticks offer those benefits and many more, all covered in this section.

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