Friday, 23 October 2009

Forex Trade

Forex Candlesticks are one of the most popular technical indicators in the forex market. I am a big fan of candlesticks.

When used correctly, candles can help you precisely understand what can happen next so you can decide whether you want to open a trade or you want to exit an open trade.

I have seen a lot of trades that I should have closed early, but I just ignored the warning signs given by the candle.

So, learning forex candlesticks can really be beneficial and an asset for a forex trader. There are lot of formations that are associated with the candlestick patterns that can help in analysing if the trend is about to end or is it going to continue or what is the strength?

The candles work great with a lot of other technical indicators.

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