WHY Candlestick Pattern?
As with anything in life, education is a foundational building block of successful trading. But there is no holy grail out there. A “can’t miss” strategy does not exist, but a general understanding of basic trading strategies is absolutely necessary.
Effectiveness of a particular strategy will depend on many factors. You will need to study them and pick the ones that fit your CHARACTER best. Then practice and experiment to see what works best for you.EXAMPLE OF CANDLESTICK PATTERN.
WHY TRADERS PAY ATTENTION TO CANDLESTICK MOVEMENT? AS A STOCK TRADER UNDERSTANDING CANDLESTICK PATTERN TOGETHER WITH TECHNICAL AND FUNDAMENTAL ANALYSIS WILL REWARD YOUR TRADING JOURNEY WELL.
Candlesticks reflect the impact of investor sentiment on security prices and are used by technical analysts to determine when to enter and exit trades. A common bullish candlestick reversal pattern, referred to as a hammer, forms when price moves substantially lower after the open, then rallies to close near the high.
What Is A Candlestick?
A candlestick is a type of price chart used that displays the high, low, open and closing prices of a security for a specific period. It originated from Japanese rice merchants and traders to track market prices and daily momentum hundreds of years before becoming popularized in the United States. The wide part of the candlestick is called the “real body” and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher).
WHAT FINWAZE WILL FOCUS ON?
5 MAGICAL CANDLESTICK PATTERN – that will make you happy each day trading the market;
Will discuss more in our next article; Soon we will be conducting STOCK MARKET CLASSES ACROSS MINDANAO – CALL SHARON @ +639176511344 for APRIL CLASSES…..
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.