How important is knowing Candlestick?

Hi,

How important is to know how to read Candlestick in forex trading?

Thank you

Incredibly important !

It's really just another view of an OHLC bar chart but carries a better visual characteristic to get a feel for the last 4 or five bars {periods} which will lift the skirt of the Market Mood to give you a glimps of what is ahead.

To a technical trader I would say it's one of the fundamental tools, it would be a good investment for the time it takes to learn.

I agree with both Bemac and Unforeseen. Candlesticks represent price in real time. It's an indication of what the market is doing and may do in the future. Any other indicator will follow that price so it's worth putting in the time to study them.

thank you all, would you please recomend some books to me?


thanks

No.
Because that would be covering Old Ground.

Diall And Merlin {to mention but two(2)} have both posted reccommended reading. Go Find'em.

I must agree...

nice introduction:
http://stockcharts.com/education/Cha...dlesticks.html

i have used candlestick for 1.5 years. you can see how i use them in here.
maybe you can't understand the language, but you can see the picture...it can explain what i do
sorry...my english is so bad...

try this link...pretty good in explaining the candlesticks in details...

http://www.tradingday.com/c/candlesticks/

Thank you everyone, I guess I got lots of reading to do...


thanks

I agree, candlesticks are one of your primary tools as a technical trader. I'd especially use them on the USD/JPY seeing as they're japanese candlesticks. I think you should just use the main ones though. Like bullish piercing, dark cloud cover, dojis, morning stars, and hammers. If other traders don't recognize some obscure candlestick pattern it's not worth a crap imo.

Candlesticks are over-rated imo. Many disagree.

i know it's important but i myself still not use it in previous 1 year.i use it on my first year learning forex.hmm i gonna start learning it in deep.yes sometime see candle on weekly or monthly chart.