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Dear Guys,it gives the idea about the market movement ,in which position,the market may bounce or go down could be easily traced from such candle sticks patterns like inverted hammer type. The View of the chart in candlestick pattern is clear, shows in different color on up and down.
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It gives the idea about the market movement in which position the market may bounce or go down could be easily traced from snduch candle sticks patterns like inverted hammer type.
candlestik can indeed be used to conduct market analysis and is usually used by traders who can say develop themselves naked because candlestik can determine the down trend and the trend rise in the short and long termQuote:
Originally Posted by parvez
candle sticks are very good to follow in trading as a chart stile, technical things will be followed with this and, you will see many candle patterns in your platform therefore i prefer all the new traders to learn the candle patterns and formations before you trade..
in trading forex, candle sticks are very useful for traders. by looking at the arrangement and candle stick pattern, a trader can make trading analysis. from the calculation, the opening, closing, high and low, a trader can make open trade in the same direction form candle sticks.
Candle stick is a type of charts that's cover the high price, opening price, closing price and low price, If the opening price is lower than the closing price then the color is white and the pattern or trend is bullish. If the price of opening is higher than the price of closing then the price is going down so its color is black and its pattern is bearish. This is the simplest way I can explain candle stick and its called japanese candle stick simply because its first use in japan.
candlestick is the handle when we're in a state that allows a loss and can be lights for us so we do not fall on the same hole,
Candlestick chart type is one of most popular chart time that have been used by many traders whole in the world. This fact come from its useful and simple views about price action that held in the market that time. This candlestick contain opening price, lowest price, highest price and closing price for each timeframe. And, more benefit of it, candlestick give us predictive price action that is going on in the market before and after the chart done.
Through your my friend turned you beginner, and on this Vonsahk that peruse a lot of books available and which speaks of forex trading, so do not fall into the trap losses in Forex, an inevitability that should be in this kind of trade, you should protect yourself with information and expertisenecessary to be able to continue to trade in the Forex.