The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart.
The advantages of candlestick charting are:
:Candlesticks are easy to interpret, and are a good place for beginners to start figuring out forex chart analysis.
:Candlesticks are easy to use! Your eyes adapt almost immediately to the information in the bar notation. Plus, research shows that visuals help with studying, so it might help with trading as well!
:Candlesticks and candlestick patterns have cool names such as the “shooting star,” which helps you to remember what the pattern means.
:Candlesticks are good at identifying market turning points – reversals from an uptrend to a downtrend or a downtrend to an uptrend. You will learn more about this later