Japanese candlesticks have been around awhile but it's still hard to find anybody except the gurus who can converse about the subject with any authority. When it comes to forex trading, finding anything knowledgeable about the subject is even harder. In fact, many forex traders are under the mistaken belief that candlesticks can't be used in the currency markets! Through my years of trading forex it has become apparent to me that Japanese candlestick charts had all I was looking for in a trading system that allowed me the greatest profit potential. However, many forex traders still haven't taken the proper steps to incorporate candlesticks into their trading.
As I said before, candlesticks are nothing new. Their signals have been around for hundreds of years as they where used by Japanese commodity traders centuries ago. They don't involve complicated formulas or extensive calculating processes to master the system. Candlestick charting is so simple in fact that I believe the simplicity is the reason most traders give candlestick trading nothing more than a passing glimpse.
Most technical analysis strategies today are so complicated that it has all but taken the price patterns out of the equation. Well, price patterns are the root of technical analysis and determining the psychology behind them. Candlesticks do this without the need for fancy indicators or complicated systems.
Most forex traders who truly investigate candlestick trading and put forth an honest effort into learning the bullish and bearish signals candlestick charting provide will really see a difference in their trading success. Candlestick signals provide extremely accurate results in all currency pairs and in all time frames.
Buy low and sell high is a common saying among traders, but most traders fail at this goal because they don't know how to find the low. Buy low and sell lower is what many forex traders have found to be the case in their trading. But it doesn't have to be that way! Once mastered, candlestick charting will provide the trader the ability to find trades that are at a bottom or very near to it.
Japanese candlestick charting doesn't take months to master. With practice the patterns can be memorized in a few short weeks and the trader will begin to see these patterns reveal themselves on the charts soon afterward. The most enjoyable aspect of candlestick trading is the patterns begin to stick out like a sore thumb on a currency chart and the trader no longer has to spend as much time analyzing a single pair. The time spent on a single chart is much less so more charts can be studied in a shorter amount of time.
If you haven't tried Japanese candlesticks as a means of analyzing your trades, I urge you to give them an honest try. I believe you'll find them as easy as they are profitable.
B.M. Davis is an active trader and the publisher of the Forex Candlestick System. If you would like more information about candlestick charting the forex market please visit http://www.forexcandlestickcourse.com/
Article Source: http://EzineArticles.com/?expert=B.M._Davis
As I said before, candlesticks are nothing new. Their signals have been around for hundreds of years as they where used by Japanese commodity traders centuries ago. They don't involve complicated formulas or extensive calculating processes to master the system. Candlestick charting is so simple in fact that I believe the simplicity is the reason most traders give candlestick trading nothing more than a passing glimpse.
Most technical analysis strategies today are so complicated that it has all but taken the price patterns out of the equation. Well, price patterns are the root of technical analysis and determining the psychology behind them. Candlesticks do this without the need for fancy indicators or complicated systems.
Most forex traders who truly investigate candlestick trading and put forth an honest effort into learning the bullish and bearish signals candlestick charting provide will really see a difference in their trading success. Candlestick signals provide extremely accurate results in all currency pairs and in all time frames.
Buy low and sell high is a common saying among traders, but most traders fail at this goal because they don't know how to find the low. Buy low and sell lower is what many forex traders have found to be the case in their trading. But it doesn't have to be that way! Once mastered, candlestick charting will provide the trader the ability to find trades that are at a bottom or very near to it.
Japanese candlestick charting doesn't take months to master. With practice the patterns can be memorized in a few short weeks and the trader will begin to see these patterns reveal themselves on the charts soon afterward. The most enjoyable aspect of candlestick trading is the patterns begin to stick out like a sore thumb on a currency chart and the trader no longer has to spend as much time analyzing a single pair. The time spent on a single chart is much less so more charts can be studied in a shorter amount of time.
If you haven't tried Japanese candlesticks as a means of analyzing your trades, I urge you to give them an honest try. I believe you'll find them as easy as they are profitable.
B.M. Davis is an active trader and the publisher of the Forex Candlestick System. If you would like more information about candlestick charting the forex market please visit http://www.forexcandlestickcourse.com/
Article Source: http://EzineArticles.com/?expert=B.M._Davis
No comments:
Post a Comment