http://www.forexconspiracyreport.com/trading-forex-with-candlesticks/
Trading Forex with Candlesticks
The fundamentals of Forex trading these days can be very unclear. On the other hand technical analysis remains an accurate tool for reading market sentiment. EU next summit promises no further resolution of the Euro Zone economic contraction . Will Greece pull it together and abide by its agreement with the EU in return for bailout money. Will Cyprus be next in line for assistance? Will the Yuan fall as trade with Europe diminishes? Traders may not know all of answers to the fundamentals. However, in trading Forex with Candlesticks, traders can often see where the market is going in a given currency pair. In trading Forex with Candlesticks the trader uses statistically accurate pictorial representations of price movement to predict future movement. Time honored symbols such as the Doji indicate market uncertainty and are a good predictor of a reversal of a up or down trend. The Three Black Crows indicate a reversal of an upward trend and a Kicker Signal is a strong indicator of a reversal, either up or down. The trader does not necessarily need to be an expert on Chinese exports, European Banking, or the Bernanke Doctrine in order to make money in trading Forex. Trading Forex with Candlesticks gives the trader insight into the market and these insights commonly lead to profits.
Japanese Candlesticks
Long ago in Japan when there were still Samurai there were rice traders. These individuals learned that certain price patterns in the rice market kept repeating themselves. The traders devised symbols for these price patterns and named them. They found out that by watching the symbols that their trading was more profitable. Over the years stock traders, traders in other commodities, and Forex traders learned that the symbols devised by rice traders in Japan could be profitably used to predict price movement in stocks, other commodities, and foreign exchange. The Forex trader makes his money by accurately predicting changes in Forex currency rates . It is wise for the trader to be knowledgeable about the fundamentals that drive currency pair rates. However, it is not the fundamentals that initially drive markets. It is the market’s anticipation of these fundamentals. Thus, trading Forex with Candlesticks gives the trader insight into what the market is thinking and what the market will do next. Trading Forex with Candlesticks leads to profits.
Why Candlesticks?
If Japanese Candlesticks are statistically based why not use any of the many Forex trading programs that are available? An advantage to trading Forex with Candlesticks is that the Candlestick signals are clear and easy to read. There is less chance of a trader missing a signal due to an overly complex system. In addition, Candlestick signals can be superimposed on stock charts of varying complexity and used as attention getters.
1. Trading Forex
with Candlesticks
By
www.ForexConspiracyReport.com
2. The fundamentals of Forex
trading these days can be very
unclear.
www.ForexConspiracyReport.com
3. On the other hand technical
analysis remains an accurate
tool for reading market
sentiment.
www.ForexConspiracyReport.com
4. EU next summit promises no
further resolution of the Euro
Zone economic contraction.
www.ForexConspiracyReport.com
5. Will Greece pull it together
and abide by its agreement
with the EU in return for
bailout money.
www.ForexConspiracyReport.com
6. Will Cyprus be next in line for
assistance?
www.ForexConspiracyReport.com
7. Will the Yuan fall as trade with
Europe diminishes?
www.ForexConspiracyReport.com
8. Traders may not know all of
answers to the fundamentals.
www.ForexConspiracyReport.com
9. However, in trading Forex with
Candlesticks, traders can
often see where the market is
going in a given currency pair.
www.ForexConspiracyReport.com
10. In trading Forex with
Candlesticks the trader uses
statistically accurate pictorial
representations of price
movement to predict future
movement.
www.ForexConspiracyReport.com
11. Time honored symbols such
as the Doji indicate market
uncertainty and are a good
predictor of a reversal of a up
or down trend.
www.ForexConspiracyReport.com
12. The Three Black Crows
indicate a reversal of an
upward trend and a Kicker
Signal is a strong indicator of
a reversal, either up or down.
www.ForexConspiracyReport.com
13. The trader does not
necessarily need to be an
expert on Chinese exports,
European Banking, or the
Bernanke Doctrine in order to
make money in trading Forex.
www.ForexConspiracyReport.com
14. Trading Forex with
Candlesticks gives the trader
insight into the market and
these insights commonly lead
to profits.
www.ForexConspiracyReport.com
16. Long ago in Japan when there
were still Samurai there were
rice traders.
www.ForexConspiracyReport.com
17. These individuals learned that
certain price patterns in the
rice market kept repeating
themselves.
www.ForexConspiracyReport.com
18. The traders devised symbols
for these price patterns and
named them.
www.ForexConspiracyReport.com
19. They found out that by
watching the symbols that
their trading was more
profitable.
www.ForexConspiracyReport.com
20. Over the years stock
traders, traders in other
commodities, and Forex traders
learned that the symbols devised
by rice traders in Japan could be
profitably used to predict price
movement in stocks, other
commodities, and foreign
exchange.
www.ForexConspiracyReport.com
21. The Forex trader makes his
money by accurately
predicting changes in Forex
currency rates.
www.ForexConspiracyReport.com
22. It is wise for the trader to be
knowledgeable about the
fundamentals that drive
currency pair rates.
www.ForexConspiracyReport.com
23. However, it is not the
fundamentals that initially
drive markets.
www.ForexConspiracyReport.com
24. The fundamentals of Forex
trading these days can be very
unclear.
www.ForexConspiracyReport.com
25. Thus, trading Forex with
Candlesticks gives the trader
insight into what the market is
thinking and what the market
will do next.
www.ForexConspiracyReport.com
28. If Japanese Candlesticks are
statistically based why not use
any of the many Forex trading
programs that are available?
www.ForexConspiracyReport.com
29. An advantage to trading Forex
with Candlesticks is that the
Candlestick signals are clear
and easy to read.
www.ForexConspiracyReport.com
30. There is less chance of a
trader missing a signal due to
an overly complex system.
www.ForexConspiracyReport.com
31. In addition, Candlestick signals
can be superimposed on stock
charts of varying complexity and
used as attention getters among
the vast amounts of data that
some programs throw at the
trader.
www.ForexConspiracyReport.com
32. The point of trading Forex with
Candlesticks is the most
profitable trades are the best.
www.ForexConspiracyReport.com
33. By sticking with clear
Candlestick signals a trader
commonly avoids getting into
questionable and usually
unprofitable trades.
www.ForexConspiracyReport.com
