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Guess These Forex Candlestick Patterns??🤔🤔
A Candlestick Is A Way To Represent An Aggregation Of All The Prices Traded For A Given Time Period. It Can For Example Aggregate A Full Trading Day Of Prices. During This Time Period (Which Can Take Any Value, From 1 Minute To A Few Months), Instead Of Showing Every Single Price Traded, A Candlestick Will Only Show 4 Price Values :
High : The Highest Price Reached During This Period
Low : The Lowest Price Reached During This Period
Open : The First Price Traded During This Period
Close : The Last Price Traded During This Period
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Forex Candlestick Patterns - Part 1
www.youtube.com/watch?v=SAxB-Tqs1H8
Forex Candlestick Patterns - Part 2
www.youtube.com/watch?v=hYnz-16vnss
Forex Candlestick Patterns - Part 3
www.youtube.com/watch?v=lnBpXxKJh64
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Guess These Forex Candlestick Patterns??🤔🤔
A Candlestick Is A Way To Represent An Aggregation Of All The Prices Traded For A Given Time Period. It Can For Example Aggregate A Full Trading Day Of Prices. During This Time Period (Which Can Take Any Value, From 1 Minute To A Few Months), Instead Of Showing Every Single Price Traded, A Candlestick Will Only Show 4 Price Values :
High : The Highest Price Reached During This Period
Low : The Lowest Price Reached During This Period
Open : The First Price Traded During This Period
Close : The Last Price Traded During This Period
****************************************
#candlestick #candlestickpattern #fxtrading #bearishharami #forexcandlestick #eveningstar #forex #forextrading #learnforextrading #tradingstrategy #doji #dojicandle #forextrader #trader #fxtrader #money #uknews #fxmarket #marketnews #forexsignals #fxnews #leranforex
#candlestickpattern #bullishpattern # #candlestickcharts
CANDLESTICK PATTERNS CAN BE BULLISH OR BEARISH
In order to recognize and apply the most commonly used candlestick patterns to a trading strategy, traders need to understand how the inclination of these patterns can affect the market direction (trend). The tables below summarize the two main categories of price movement that candlesticks can indicate.
#HammerCandlestick : Traders in the financial markets often make use of candlesticks as a great visual aid to analyse and monitor what a particular price has done within a certain time period
#BullishEngulfing : The bullish engulfing candle signals reversal of a downtrend and indicates a rise in buying pressure when it appears at the bottom of a downtrend.
#HangingMan : Hanging man is a bearish reversal candlestick pattern that has a long lower shadow and small real body.
#SpinningTop : Spinning top candlestick is a pattern with a short body between an upper and a lower long wick. The spinning top illustrates a scenario where neither the seller nor the buyer has gained.
#BullishHarami : It’s just a chart pattern, designed as candlestick, which indicates the market trend and helps the trader or investor predict the market based on forward or reverse (in simple terms, if its profit or loss).
#candlestick #fxtrading #bearishharami #forexcandlestick #forex #forextrading #tradingstrategy #doji #trader #fxtrader #money #uknews #fxmarket #marketnews #forexsignals #fxnews #leranforex #hammer #bullish #bullishmarket
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Forex trading can be an exciting and potentially profitable venture. However, it's important to understand various concepts associated with it. One such concept is the Forex Trading spread. In this blog post, we will explore what spread means in Forex trading and why it's crucial to grasp its significance.
At the very beginning of the post, you saw the feature image with the custom Spread indicator. This indicator helps very much when I enter the trade or even exit. This indicator helps me to save unnecessary pips expenses. like, when the market is too volatile, the spread is much wider than usual and I can see it quickly to look at the current spread. you must remember the spread comes from your pocket either you profit or loss that particular trade. Before choosing the Forex broker three things you need to remember, reputable with license, instant withdrawal, and minimal spread.
What is Spread in Forex Trading?
Spread refers to the difference between the bid price and the asking price of a currency pair. The bid price is the price at which you can sell the base currency, while the asking price is the price at which you can buy the base currency. For instance, let's say the bid price for EUR/USD is 1.2400, and the asking price is 1.2402. The spread in this case would be 0.0002 or 2 pips.
Why Spread Matters in Forex Trading
Understanding the role of spread is essential because it directly impacts your trading costs.