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Best Forex Trading Signals - Forex Trading - Forex Education - Learn ForexBest Forex Trading Signals has joined the latest Internet trend and created its own Twitter account. With the launch of Best Forex Trading Signals’ official Twitter account, BFTS1, members and non-members can receive instant updates, or “tweets,” directly from Best Forex Trading Signals on the Internet or on their mobile phone.

While barcharts are useful, Candlestick charts are much more visual and therefore it is easier to spot patterns within the charts. Both types of charts provide the same information; open, close, high and low prices. But the Candlestick chart creates a box between the open and close values, visually reducing possible rare extremes to the […]

A Japanese candlestick chart pattern that forms when a large black candlestick is followed by a smaller candlestick whose body is located within the real body of the first candlestick. This trend suggests that the bulls have taken control of price movement from the bears. This type of pattern usually accompanies a declining trend, suggesting that a reversal may be occurring. With Forex trading, gaps are rare from candlestick to candlestick, so the close of the first candlestick may equal the open of the second candlestick.

The body of the first candlestick is the same color as the current trend and should be a long black candlestick.

The body of the second candlestick is white and opens and closes within the body of previous day’s candle. However, with Forex, the open may be at the same price as the close of the previous candlestick.

After a strong downtrend the Bulls step in and open the price higher than the previous day’s close. This concerns the Bears and the shorts start covering their postions. The price finishes higher for the day. A strong day after that would be key that the trend may be in a reversal. Read more…

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