Vantage FX (www.vantagefx.co.uk) explore Candlestick Charts and how they can be useful when trading Forex.

Doji Candles

Part 1 of the Candlestick Charts series focuses on a candlestick type called the Doji Candle. A Doji Candle occurs when a candle opens and closes at the same or very close to the same price, but trades a larger range throughout the day. This gives the candle a very small body with wicks either side. A Doji Candle will often signal indecision in the market.