Interpreting Candlestick Chart Patterns

By Brad Morgan

One of the vital indicators that facilitate traders understand candlestick charts are candlestick patterns. Candlestick patterns are helpful for making easy systems that will advise you regarding the evolution of a trend in order for you to start trading.

Candlesticks have a design that exhibits the open, high, low and closing price of a currency, stock or commodity over a stretch of time. You can basically choose the time frame that you want to show.

5 minutes is routine for day traders but you might opt for 15 minutes in some situations. For longer duration trading you can opt for longer periods.

The difference between open and close points are represented by the candle body. If it?s a white or blue / green on charts with color, the lower body is the open and while you were considering it, the rate marked up. Should it be black or red in charts with color, the top extent indicates the opening market price and during that period, the price tumbled down.

In candles, vertical lines pointing up from the top and down from the bottom are known as wicks. The highest value ever obtained during the period is the top of the upper wick section. On the other hand, the lowest rate is the bottom of the lower wick part.

The advantage of this form of analysis is that the trader can right away see whether prices rose or fell over the period. A white or green candle manifests a rising price or bearish tendency and a black or red candle symbolizes a dropping price or bullish tendency.

You can also inspect at a glance how the highs and lows apply to the opening and closing values. You may have a candle that is absolutely solid, sans the wick.

It's called a Marubozu pattern. Prices never went more or less than the opening and closing prices in this situation.

The high value as opening price and low value as closing price is represented by the red or black candle. Contrarily, green or white candle indicates the low was the opening price while the high was the closing price.

A longish body means a relatively consistent movement either up or down. A lengthy wick situated on either bottom or top would signify a reversal.

A candlestick has to be interpreted along with the previous ones in order to ensure precise trending. From there relatively elaborate trends can be actualized to demonstrate the trends in the future. - 23210

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forex trading training | automated forex trading

My Strategic Forecasting: A Guide for the Investing Newbie

By Carlene Lavalle

Since I just retired from being a head nurse in one of the small community hospitals in Virginia, I do have money to spare. However, I was so doubtful in attempting to invest for the fear of swindling and defrauding practices. Thus, when my son told me about investing in the stock market, I was really skeptical even if I were given any investment research newsletter. It is as if there is no one and nothing that can win me over to invest on something I definitely do not understand.

My birthday came and my son visited me and eventually, we talked over about my retirement fund. He said that my money is not that big enough to support both myself and my medications as I step on my senescence age. Then he put forward and discussed again regarding investing in the stock market. In order to convince me, he showed me a website about strategic investing this time. He boasted that because he received investment research from My Strategic Investing, he was able to gain 20% of the money he invested in just a few weeks time. He said that what I should do is to invest just a small percentage of my money and go from there.

My son is a person who is good and calculating. I am aware that he cares about me and would love to see me travelling with my friends and enjoying the last years of my life on earth with pleasure. I checked on the website of My Strategic Investing and analyzed what is in it to offer. I liked the site as it does not offer get-rich schemes. They emphasize on long-term investment strategies providing modest but achievable earnings. It turns out like even if you do not possess investment know-hows, you can rely on their established and scientic investment research to come up with wise decisions in placing my money in.

Investment research from Strategic Investing provides data that is not only concentrated on ecomic trends as compared to others. They present technical analysis, historical research, geo-political studies, and even political conditions. I admire this kind of forecasting method because it looks at the big picture. Knowing that everything is interrelated is one thing I have learned from my nursing career. If a patient is experiencing headache, it does not always mean that the root of the problem is in his head. Digestive system problems can also cause headaches. Thus, I really appreciate that no stone is left unturned when it comes to the financial forecast from My Strategic Investing.

I understood my son and I am now an enthusiast of My Strategic Investing. I am delighted to say that I am achieving simple gains with the help of the investment research provided by My Strategic Investing and I am into stock market investing now. - 23210

About the Author:

Amy Richman is a publisher for MyStrategicForecast.com, a dedicated institution providing accurate market forecasts using proven methodology and careful empirical testing.Learn more about how good investment research can help you in your investment.

Techniques For When You Are Prospecting For An Skilled Forex Broker

By Riddle Greer

A good forex broker is worth their weight in gold. However, locating a gook broker on the internet can sometime be very frustrating. There are too unanswered questions in your mind when you are prospecting for a broker for the first time. Most websites list a variety of features that make them look very attractive making it even more difficult to discern the good from the bad.

Never get discouraged. There are a lot of wonderful brokers online with excellent reputations. It is unfortunate that good currency brokers have to share the same internet space with scam artists. However, this article will help by giving you a few tips to look for when you are doing research.

It is easy to be apprehensive when you are looking for a broker. More than likely this will be your first contact experience with a stranger that you are going to be asked to invest money with. This article will help ease your tensions and anxiety by showing you what to look for.

When you are prospecting for brokers online, carefully examine their offers, trading platforms, terms and value added enhancements that they feature. The most important consideration to seeking out a reputable broker is to determine if they are negatively recognized by any regulatory agencies that provide oversight for consumer protection.

Moreover, the type of reputation that a broker has is important too. The forex industry is regarded as a deregulated financial industry since countries throughout the world take part in it. Here in the United States the closest agency that monitors that monitors the activities of brokers is Commodity Futures Trading Commission of the United States. Reputable brokers will usually register with this agency.

If there is any business where customer service should be regarded as premium, it is with your forex broker. The level of support you receive from your broker will make or break you. Consequently, you broker should have multiple channels of support. This could be a ticket system phone contact and email support.

Always examine the trading platform use by a broker of firm. This is where all of your trades will be done. The platform should be easy to use and very intuitive. They should have a help section that you can access should you need additional help in using the platform.

Always check with a broker and see if the trading platform they provide is internet based, downloadable or both. Additionally, pick a broker that gives you unlimited access to the trading platforms even when you have no money in your account. This way, you will be able to practice using the demo side of the account to sharpen your investment skills. - 23210

About the Author:

Learn more about genuine online trading forex on our website.

Why Is "The Power Spike Mechanical Stock Trading System" Such A Hit With Stock Traders?

By Kevin Butler

The stock market is a great place to earn profits; it is the best at-home moneymaking opportunity ever. In fact, more than FIFTY BILLION dollars change hands every day on the New York Stock Exchange. Did you know that?

It's absolutely true. And you have tremendous opportunities to earn big profits out of this huge river of money.

Savvy stock traders use superior trade systems to identify high profit potential situations and earn money. And the Power Spike Mechanical Stock Trading System has taken the country by storm; it has become a national phenomenon and a favorite for thousands of traders.

Why is the Power Spike Mechanical Stock Trading System such a huge hit?

** TRADE SYSTEM BASED ON A SOUND TECHNICAL PATTERN

Strong technical patterns are the foundation for consistent, reliable and profitable mechanical stock trading systems. These patterns can be located and identified on a stock chart. They consistently predict what the price is going to do next.

The Power Spike Mechanical Stock Trading System is based on a solid technical pattern called a "Power Spike". A power spike occurs when the volume of one day is much greater than the average volume of recent days.

On one particular day the volume spikes up and stands out from the recent volume.

A moment of extreme emotional trading is what creates a power spike; people are getting into and out of a stock very quickly. This is a time of impulsive trading.

A strong move in price often follows as a response to the high level of emotional trading. The power spike is a reliable signal that a strong move is imminent.

** MIND-BLOWING STOCK TRADING PROFITS

One of the unique and outstanding features of the Power Spike Mechanical Stock Trading System is exceptional returns. The price move that follows a power spike is usually very strong and covers a large distance.

Price distance equals profits. And a power spike trade can often produce double-digit profits within just a few short days.

Internal momentum built as a result of the emotional trading on the spike day is released in a strong price move. The result is price movement that covers a large distance and moves very quickly.

The Power Spike Mechanical Stock Trading System has become a popular and trusted tool for many traders because it lets you get in and earn huge returns fast. You earn big profits very quickly.

And isn't that exactly what you want?

** FINDING POWER SPIKES

How can you quickly and easily pinpoint this highly profitable technical pattern?

There are multiple ways used to identify power spikes, but one technique is really the best. This method uses Bollinger Bands.

Bollinger Bands are placed onto the volume data. A power spike happens when the volume penetrates the upper band.

The amount of the total volume appearing above the upper band determines the strength of the power spike. Stronger spikes increase the odds of a successful trade.

I recommend you only consider trading spikes where a minimum of 15% of the total volume appears above the upper band. When there's less than a 15% penetration, the spike is considered weak.

An additional feature of this method is that it lets you rank and compare spikes in multiple stocks. A 38% penetration spike in stock "A" is preferred to a 21% penetration spike in stock "B".

You can make initial trade selection using this power spike ranking method.

*** WARNING: A POWER SPIKE IS NOT A TRADE SIGNAL

By itself, a power spike is not a signal to get into a stock trade. The trade signal won't develop until sometime after the power spike occurs, usually within a few days.

Before investing money you need to know which direction the expected move is likely to go and when you should pull the trigger and get into the trade. The way the price reacts after the power spike happens is what will answer these questions.

A terrific way to trade this incredibly profitable pattern is by using the Power Spike Mechanical Stock Trading System. It is a resource you should consider very seriously. Few technical patterns can match the reliability and profitability the power spike offers.

Wouldn't you like to earn huge profits very quickly? - 23210

About the Author:

Learn more about The Power Spike Mechanical Stock Trading System , visit Kevin Butler's site and you'll get all the amazing details. FREE STOCK TRADING COURSE: Obtain The Master Plan to Successful Stock Trading and learn how to trade like a pro.

Best Forex Signal Service

By Jimmy Karter

For a retail forex trader, it is very important to choose a reliable forex signal service provider since this service can make a huge difference in the amount of profit or loss which the trader can make in forex market. Let us first see what is meant by a forex signal. A forex signal is nothing but an indication of currency movement which helps the forex trader to make the buy or sell decision. This signal is usually generated by automated computer systems using the complex formulae of technical analysis techniques.

These forex signals are sent out by various forex signal service providers which can be financial agencies, independent brokers or other institutions. This service is availed not only beginners in forex market, but also by experienced traders since it saves a lot of time and effort in monitoring and following events in the currency market. Based on these signals, the traders are able to make the sell or buy decisions quickly without having to go through the hassles of being updated every minute.

The forex trading signal service is being provided by a lot of professional experts and institutions. There are a lot of agencies which provide this service for free. On the other hand, there are various agencies which would ask for a monthly subscription fee. The difference between these two types of services is the quality of signals being provided. Generally, the free service provides computer generated signals purely based on technical indicators. On the other hand, the subscription based signals are managed by professional experts who analyze the signals before sending it out to the retail traders. That is the reason, these signals are much better.

While choosing a forex signal provider, there are any things which need to be considered. Since you are going to use these signals to make buy or sell decisions, it is imperative that you choose this signal provider carefully. The first and the foremost consideration is the past performance of the provider. You should choose the provider who has a consistent record of delivering reliable and quick signals over the last couple of years. You should also check whether the signal provider sends out signals based on the type of customers. Some providers would send out signals which are meaningful for beginners while some send it for expert traders.

The other factors to consider while choosing the signal provider are the speed of the service, mode of sending out the signals and alerts, spread of their recommendations and back testing results. Experts believe that is it better for beginners to make use of subscription based service. You should compare these features between various service providers to choose the best forex signal provider for yourself. You can make use of internet to research and compare various signal providers to choose the best possible one. - 23210

About the Author:

The author writes articles on forex trading including best forex signal software and best forex signal service .