Understanding Candlesticks in Forex Trading

in #investment7 years ago

Here are the 4 main candlestick concepts that we'll cover:

  1. Solitary candlesticks
    We’ll begin by first discussing candlesticks that have a special significance on their own.
    These are single candles that convey a particular message about what’s happening in
    the market.

  2. Relative candlesticks
    Next, we’ll look at how neighbouring candles can give you a better picture of the recent
    market price action. If a single candlestick can reliably predict future market direction,
    imagine how powerful a cluster of candlesticks can be! In this section I’ll teach you how
    to read and understand relative candlesticks so you won’t have to memorize any
    candlestick patterns.

  3. Significant price formations
    Once you’ve understood the underlying mechanics behind relative candlestick analysis,
    it’s time to expand our scope to even more significant formations; this time in relation to
    crucial price levels in the market.

  4. Explosive formations
    The last of the core concepts, this section will provide you with 2 incredibly reliable
    candle formations that have time and time again provided me with consistent profits.
    These formations aren’t 100% accurate, but they’re pretty darn close! You’ve to see it to
    believe it.
    Lastly, I’ll wrap up with a couple of key principles so you’ll get a complete picture of how
    to execute your trades with pinpoint accuracy.
    Sounds good? I hope you’re as excited about this as I am... So let's begin!