| Have you ever wondered how you can use | | | | "wicks", that appear above and below the candlestick |
| candlesticks to trade the Forex markets? Japanese | | | | body. This is the price range that the currency pair |
| candlesticks are a really useful technical analysis tool | | | | has traded within the time period. |
| that has been used commonly for trading stocks and | | | | 2. My Experience with Using Forex Candlesticks Made |
| commodity futures. | | | | Easy |
| Professional traders have also used candlesticks to | | | | Inside this ebook I have learned all the major chart |
| trade the Forex market, but their application on the | | | | patterns that can predict price swings and |
| Forex charts can be a little different. For example, | | | | continuations very reliably. Some of these patterns |
| since the currency market is a 24 hour market, there | | | | include the shooting star, Marubozu, engulfing |
| will be fewer gaps up and down between | | | | patterns that can predict price movements reliably. |
| candlesticks (except during weekends), so you will | | | | Of course, you will need to be more creative when |
| need to change your approach. | | | | looking for engulfing patterns, since it is harder to find |
| 1. What Are Japanese Candlesticks? | | | | this pattern when the next candle always opens at |
| There are 2 types of candlesticks. The one that is | | | | the same price as the previous candle's close. |
| bearish is usually red or colored, whereas the bullish | | | | 3. Are Japanese Candlesticks Really Useful for Forex |
| one is green or transparent. A bearish candle is one | | | | Trading? |
| that has closed below its open price, while a bullish | | | | Most definitely! With this trading tool, I can now more |
| candle has closed above its opening price. Usually | | | | easily analyze the market conditions and predict with |
| there will also be shadows, otherwise known as | | | | a high degree of accuracy the future market trend. |