Trading Forex with Candlesticks

Trading Forexwith Candlesticks

Bywww.ForexConspiracyReport.com

http://www.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.



EU next summit promises no further resolution of the

Euro Zone economic contraction

.


http://www.forexconspiracyreport.com/euro-zone-economic-contraction/

http://www.forexconspiracyreport.com/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.


http://www.forexconspiracyreport.com/foreign-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.



The fundamentals of Forex trading these days can be very

unclear.



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 among the vast amounts of data that some programs

throw at the trader.



The point of trading Forex with Candlesticks is the most

profitable trades are the best.



By sticking with clear Candlestick signals a trader

commonly avoids getting into questionable and usually

unprofitable trades.



Trading Forex with Candlesticks

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