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Wondering what is a candlestick pattern and how does it apply to your trading?  This guide is for you! Knowing what a candlestick pattern represents helps you forecast potential market movements, without conducting exceptional research. It’s a method for the market to “communicate” with the trader and with hundreds of different patterns out there, there is much to learn! So, let’s start with a brief overview of what candlestick patterns are! What is a Candlestick Pattern & How Does it Work? The color of the candlestick during a specified time period in the market is used as an indication of market direction . A candlestick is said to be bullish, that is green or white in color when the closing price is above the opening price. Candlestick is bearish, that is red or black, when the closing price is less than the opening price. A standard candlestick pattern has four different price values: Open : Opening price at the beginning period of time. High : Highest price...

Definition of Forex Forex or foreign exchange is a global market where currencies are traded. It is a decentralized market, which has no physical location, such as a stock exchange. Instead, forex trading is conducted electronically over-the-counter (OTC), meaning that trades are made via a global network of banks, financial institutions, and individual traders. Significance and Relevance of Forex Trading Alien: Forex trading is vital for the purpose of world finance and world barter. It enables businesses, investors, and governments to trade currencies, hedge risks, and speculate on price changes. Here are a few reasons why forex trading is crucial: Enables International Trade – Businesses require forex for trading across borders. Presents Investment Opportunities – Traders can make money from price changes. High Liquidity  — Facilitates the speedy purchasing or selling of currencies by traders. 24-Hour Market – The forex market is open around the clock, five days a wee...

Definition of Forex Forex or foreign exchange is a global market where currencies are traded. It is a decentralized market, which has no physical location, such as a stock exchange. Instead, forex trading is conducted electronically over-the-counter (OTC), meaning that trades are made via a global network of banks, financial institutions, and individual traders. Significance and Relevance of Forex Trading Alien: Forex trading is vital for the purpose of world finance and world barter. It enables businesses, investors, and governments to trade currencies, hedge risks, and speculate on price changes. Here are a few reasons why forex trading is crucial: Enables International Trade – Businesses require forex for trading across borders. Presents Investment Opportunities – Traders can make money from price changes. High Liquidity  — Facilitates the speedy purchasing or selling of currencies by traders. 24-Hour Market – The forex market is open around the clock, five days a wee...