3.) UBUD TRADITIONAL ART MARKET
If you are in Ubud then it means you have to check out this market, it's kinda mandatory. The Ubud art market referred to by locals as "Pasar Seni Ubud" is a handicraft market in the center of Ubud Town.
When to go: I recommend going early in the morning when it opens. One reason is that it's less crowded and another is that you will be offered a better price early in the day.
What to buy: Well it's everyone's personal choice but highly recommended are the ratan bags and dreamcatchers. You will be amazed at the size of the dreamcatchers they have at a cheaper price them any other place.