The Morning Star is a multiple candlestick chart pattern which is formed after a downtrend indicating a bullish reversal. It is made of 3 candlesticks, the first being a bearish candle, the second a Doji and the third being a bullish candle. The first candle shows the continuation of the downtrend. The second candle being a...Read More

Bullish Engulfing is a multiple candlestick chart pattern that is formed after a downtrend indicating a bullish reversal. It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that indicates the continuation of the downtrend. The second candlestick is a long bullish candle that completely...Read More

Piercing pattern is a multiple candlestick chart pattern formed after a downtrend indicating a bullish reversal. Two candles form it, the first candle being a bearish candle which indicates the continuation of the downtrend. The second candle is a bullish candle that opens the gap down but closes more than 50% of the real body...Read More

Bullish Reversal candlestick patterns indicate that the ongoing downtrend is going to reverse to an uptrend. Thus, the traders should be cautious about their short positions when the bullish reversal candlestick chart patterns are formed. Below are the different types of bullish reversal candlestick patterns: Hammer:Hammer is a single candlestick pattern that is formed at...Read More

Candlestick charts originated in Japan over 100 years before the West had developed the bar charts and point-and-figure charts. In the 1700s, a Japanese man known as Homma discovered that as there was a link between price and the supply and demand of rice, the markets also were strongly influenced by the emotions of traders....Read More

With its low capital requirements, ease of entry, and 24/7 accessibility, Forex trading has a strong appeal for anyone with a laptop looking to increase their income—as a part-time gig or as a full-time trader. While there is money to be made in Forex trading, it requires specialized knowledge and a lot of discipline, neither...Read More

The majority of traders either become positional traders or day traders. Short-term Forex trading strategies are used by the latter to catch market movements within a day. The primary goal of day trading is to profit from intra-day volatility while avoiding exchange fees. While choosing a currency trading strategy is ultimately up to you, studying...Read More

When trading the financial markets, there are hundreds of different technical indicators to use on your charts, and selecting the proper ones for your trading style and plan is critical. The two forms of market analysis – fundamental and technical analysis – are among the first and most significant things Forex traders must learn and...Read More

Forex day trading is popularly thought of as a means to earn a rapid profit on your money, but it is not for everyone. Before you go into this form of trading, there are a few things you should think about. Forex day trading, like any other trading method, comes with its own set of...Read More

Indicators produced from exchange rate levels as they fluctuate over time are frequently used by technical analysts in the forex market. Market observables such as volume and open interest are also important to futures traders. Numerous important technical indicators might be included in your Forex trading strategy. You can begin utilizing these forex indicators right...Read More