Currency traders use two basic approaches to evaluating Forex currency rates. Fundamental analysis includes looking at employment rates, monetary policy, balance of payments, and statements of central bankers or the US Federal Reserve chairman. Technical analysis of Forex currencies has to do with using market price patterns to predict the next market move. Traders use tools such as Japanese Candlesticks in order to use market history to predict coming market events. An old saying is that the past predicts the future and this is the foundation of the technical analysis of Forex currencies. History Repeats Itself, Again and Again Centuries ago tulip bulb traders in Holland and rice traders in Japan recognized that some price patterns always repeated themselves. They realized that if they read the first part of the pattern they could many times predict the second part. Japanese candlestick signals originated when there were Samurai in Japan and were used in rice trading. Today this tool, as well as more modern variants, is used for technical analysis of Forex currencies as well as stocks, futures, and options. In the technical analysis of Forex currencies traders look for well-defined signals. These signals are the patterns followed by the price of one currency versus another. As an example, the Doji candlestick signal is highly predictive of a market reversal. In a market that is trending up or down this signal tells the Forex trader that the market is undecided and is likely to reverse. Technical Analysis of Forex Currencies with Candlesticks Japanese candlesticks are white or black rectangles superimposed on a Forex price chart. The top and bottom of the rectangle are the opening and closing prices of the day. A white candle means that the market closed higher than it opened and a black candle means that the market closed lower than it opened. Lines extending above and below the candle are called shadows and indicate the complete range of trading for the day. The Doji, mentioned previously, is a very flat candle with relatively long upper and lower shadows. This signal tells us that the market traded widely during the day but settled back to near its opening price at close. When this signal occurs during a well-established up trend or down trend traders expect to see the market reverse. They believe this because historically this is what commonly happens. The Doji does not cause the change but rather it is a graphic indication of an evolving change in market sentiment. In the technical analysis of Forex currencies the past has a habit of predicting the future.

1. Technical Analysis of Forex
Currencies
By: www.ForexConspiracyReport.com

2. Currency traders use two basic
approaches to evaluating Forex
currency rates. Fundamental
analysis includes looking at
employment rates, monetary
policy, balance of payments, and
statements of central bankers or
the US Federal Reserve chairman.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

3. Technical analysis of Forex
currencies has to do with using
market price patterns to predict
the next market move.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

4. Traders use tools such as Japanese
Candlesticks in order to use market
history to predict coming market
events. An old saying is that the
past predicts the future and this is
the foundation of the technical
analysis of Forex currencies.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

5. History Repeats Itself, Again
and Again
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

6. Centuries ago tulip bulb traders in
Holland and rice traders in Japan
recognized that some price
patterns always repeated
themselves. They realized that if
they read the first part of the
pattern they could many times
predict the second part.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

7. Japanese candlestick signals
originated when there were
Samurai in Japan and were used in
rice trading. Today this tool, as
well as more modern variants, is
used for technical analysis of Forex
currencies as well as
stocks, futures, and options.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

8. In the technical analysis of Forex
currencies traders look for well-
defined signals. These signals are
the patterns followed by the price
of one currency versus another.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

9. As an example, the Doji
candlestick signal is highly
predictive of a market reversal. In a
market that is trending up or down
this signal tells the Forex trader
that the market is undecided and is
likely to reverse.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

10. Technical Analysis of Forex
Currencies with Candlesticks
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

11. Japanese candlesticks are white or
black rectangles superimposed on
a Forex price chart. The top and
bottom of the rectangle are the
opening and closing prices of the
day.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

12. A white candle means that the
market closed higher than it
opened and a black candle means
that the market closed lower than
it opened. Lines extending above
and below the candle are called
shadows and indicate the complete
range of trading for the day.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

13. The Doji, mentioned previously, is
a very flat candle with relatively
long upper and lower shadows.
This signal tells us that the market
traded widely during the day but
settled back to near its opening
price at close.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

14. When this signal occurs during a
well-established up trend or down
trend traders expect to see the
market reverse. They believe this
because historically this is what
commonly happens.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

15. The Doji does not cause the change
but rather it is a graphic indication
of an evolving change in market
sentiment. In the technical analysis
of Forex currencies the past has a
habit of predicting the future.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

16. By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/
Wait for the Signal

17. The point in profiting from changes in
foreign currency exchange rates is not
to force the issue. Unless you are a
central bank official, president of a
country, or chairman of the Federal
Reserve, there is little that you can
personally do to drive currency rates.
What you can do is observe.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

18. When rates are going up, or down, and
market fundamentals indicate that the
change will continue you can trend
trade. When you see a unique market
signal such as the Doji candlestick and
all of the specific criteria for its
interpretation are present, you can
trade based on this signal and expect
to make money.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/

19. As always do your own fundamental
and technical analysis and when
things are not clear do not guess but
rather, sit on your hands to avoid
making a dumb trade! Wait for the
signal, evaluate and confirm the
signal, and then trade the signal in the
technical analysis of Forex currencies.
By: http://www.forexconspiracyreport.com/technical-analysis-of-forex-
currencies/