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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.
Citation preview
Trading Forexwith Candlesticks
Bywww.ForexConspiracyReport.com
The fundamentals of Forex trading these days can be very
unclear.
www.ForexConspiracyReport.com
On the other hand technical analysis remains an accurate
tool for reading market sentiment.
www.ForexConspiracyReport.com
EU next summit promises no further resolution of the
Euro Zone economic contraction
.
www.ForexConspiracyReport.com
Will Greece pull it together and abide by its agreement
with the EU in return for bailout money.
www.ForexConspiracyReport.com
Will Cyprus be next in line for assistance?
www.ForexConspiracyReport.com
Will the Yuan fall as trade with Europe diminishes?
www.ForexConspiracyReport.com
Traders may not know all of answers to the fundamentals.
www.ForexConspiracyReport.com
However, in trading Forex with Candlesticks, traders can
often see where the market is going in a given currency pair.
www.ForexConspiracyReport.com
In trading Forex with Candlesticks the trader uses statistically accurate pictorial
representations of price movement to predict future
movement.
www.ForexConspiracyReport.com
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
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
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
Trading Forex with Candlesticks gives the trader
insight into the market and these insights commonly lead
to profits.
www.ForexConspiracyReport.com
Long ago in Japan when there were still Samurai there were
rice traders.
www.ForexConspiracyReport.com
These individuals learned that certain price patterns in the rice market kept repeating
themselves.
www.ForexConspiracyReport.com
The traders devised symbols for these price patterns and
named them.
www.ForexConspiracyReport.com
They found out that by watching the symbols that
their trading was more profitable.
www.ForexConspiracyReport.com
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
The Forex trader makes his money by accurately
predicting changes in Forex currency rates.
www.ForexConspiracyReport.com
It is wise for the trader to be knowledgeable about the fundamentals that drive
currency pair rates.
www.ForexConspiracyReport.com
However, it is not the fundamentals that initially
drive markets.
www.ForexConspiracyReport.com
The fundamentals of Forex trading these days can be very
unclear.
www.ForexConspiracyReport.com
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
Trading Forex with Candlesticks leads to profits.
www.ForexConspiracyReport.com
If Japanese Candlesticks are statistically based why not use any of the many Forex trading programs that are available?
www.ForexConspiracyReport.com
An advantage to trading Forex with Candlesticks is that the Candlestick signals are clear
and easy to read.
www.ForexConspiracyReport.com
There is less chance of a trader missing a signal due to an overly complex system.
www.ForexConspiracyReport.com
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
The point of trading Forex with Candlesticks is the most
profitable trades are the best.
www.ForexConspiracyReport.com
By sticking with clear Candlestick signals a trader
commonly avoids getting into questionable and usually
unprofitable trades.
www.ForexConspiracyReport.com