Foreign Exchange Market
The Foreign Market is a large, growing and liquid financial market that operates 24 hours a day. It is not a market in the traditional sense because there is no central trading location or exchange. Most of the trading is conducted by telephone or through electronic trading networks. The primary market for currencies is the Interbank Market where banks,insurance companies, large corporations and other large financial institutions manage the...
Wednesday, December 12, 2012
Sunday, December 9, 2012
Three
Candlestick Patterns
Three
candlestick patterns are some of the most respected patterns in all of
technical analysis. When patterns made up of three important candlesticks
appear (a rare event compared to single-candlestick patterns) you should be
ready to play an upcoming trend, breakout, or reversal in the current currency
prices.
We’ll
kick off this section with one of the best three candlestick patterns to trade.
Morning...
Double Candlestick
Patterns
In making use of
candlestick charts, traders should familiarize themselves with double
candlestick patterns for better analysis. Here are a few you should know:
Engulfing Candlesticks
The bullish and bearish
engulfing candlesticks are made up of two opposite moving candlesticks. In a
bullish engulfing pattern, the first candlestick is a smaller bearish
candlestick followed by a much larger...
Single Candlestick Analysis
Single
candlesticks are the easiest candlesticks to analyze because we have to look
for only one candlestick in a chart.
Below,
we’ll name the several different types of single candlestick indicators, and
how you can analyze them for trading success.
Be
sure to bookmark this page (and the following candlestick analysis pages) for
easy reference. Knowledge is power when it comes to analyzing...
Making Use
of Candlesticks in Forex Trading
In our
primer on candlestick charts we showed you how to see long-term candlestick
charts for what they are. However, to use candlestick analysis techniques in
the currency markets, you need to know how to hone in on parts of a candlestick
that are easily ignored.
Candlestick Bodies
The
candlestick has two major dimensions. First, a candlestick is made up of a
body, which can...
Using
Candlestick Analysis
Candlestick
pattern trading has been around for centuries. Candlesticks were first adopted
by Japanese rice traders to find future movements in the price of rice futures.
Today,
candlesticks are still used. The candlestick chart is one of the best available
to traders as it showcases more information than any other chart. In the 1990s,
during the early days of online trading, candlesticks became popular again,
with a man named Steve Nison publishing methods for candlestick...
Forex trading, like in any endeavor, is best accomplished by those fully prepared. Anyone interested in trading should fully understand how the market functions. Success cannot be achieve without proper education. This Blog offers up lot of information and tutorials on all aspects of Forex Trading.
Some ti...
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