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Beginners Tutorials |
Written by ActionForex.com |
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Candlestick patterns are used to confirm reversals. Often when a price moves towards a support or resistance level, it is unclear for several periods on the chart whether it is going to break through or reverse. Intraday penetrations of important technical levels are often misleading signals, but quick bounces off support can be false signals as well. Candlestick patterns offer a means of confirming that a price has reversed itself at a key technical level. They also provide a precise entry point and ensure that the market's momentum is in the direction of the trader's position at the time of entry. |
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Beginners Tutorials |
Written by ActionForex.com |
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There are two major ways to trade the financial markets: swing trading and trend following. Swing traders use technical analysis to look for short-term price movement and capture gains in a relative short-term period. They look for the price patterns that hint for a reversal, in order that they can pick the tops and bottoms of the trend. Trend followers pay attention to the general direction of the price movement and enter trades by following the current direction. They would look for continuation patterns on the price charts to predict the future direction of the trend, or exit the trade until the reversal patterns appear. |
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Beginners Tutorials |
Written by ActionForex.com |
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The candlestick pattern serves to confirm the fact that the market is acknowledging the importance of the retracement level. Traders should look to enter the position just outside of the reversal candle's range. At that point, there is sufficient reason to believe that the retracement is over and that the primary trend is ready to resume. |
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Beginners Tutorials |
Written by ActionForex.com |
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In a range bound market - meaning a market that does not possess a clear directional trend, but rather moves back and forth between support and resistance - traders are essentially looking to short at the top of the range, and buy at the bottom of the range. It is worth noting that this strategy often results in limited profits, as it does not seem to rely on identifying a trend. Nevertheless it can be useful in capturing many small moves for the trader who can maintain discipline and self-control while trading this strategy. |
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Forex Articles |
Written by Ian Copsey |
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I often hear traders claim that it is impossible to forecast price movement. I can categorically claim that it is possible, and have considerable success and good accuracy in the process utilizing technical analysis in 100% of my forecasting. Economists of course laugh at the idea that there can be any other method than applying economic theory. |
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Trading Psychology Articles |
Written by Dr. Van K Tharp |
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Giving vitamins to your soul might not have a direct, noticeable effect on your bottom line. However, these vitamins could prevent a disaster and they certainly will make you a lighter and happier person. Lighter and happier people usually make better traders and investors. |
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Forex Articles |
Written by Boris Schlossberg |
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Typically, when multi-strategy hedge funds head to the currency markets to raise funds they will liquidate their most profitable positions first. Over the past six months this has inevitable meant carry trades. For example since its short term bottom on May 17th, USD/JPY with its 500 basis point positive interest rate spread, has appreciated more than 8% rising from 109 to 118. GBP/CHF - another large carry trade pair with a 300 basis point positive spread - has risen more than 1000 points or better than 4% over the past 3 months. |
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Technical Analysis Articles |
Written by Adam Rosen |
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As buyers and sellers pass through the marketplace throughout the course of a trading session, the price charts will simply reflect the behavior of the two opposing forces, and their varying waves of strength and weakness. Like ocean currents, the market will oscillate between relative degrees of volatility and direction. Volatility decreases and trading ranges develop as the market inhales to absorb capital from both buyers and sellers. |
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General Trading Articles |
Written by Jim Wyckoff |
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My first experience in the futures industry was as a young (and naïve) reporter working right on the trading floor of the Chicago Mercantile Exchange. It was a unique and very rewarding way to start my career in the fascinating field of markets and trading. I was able to talk face-to-face with floor traders and analysts, and as a reporter got to ask many questions in my quest for knowledge. |
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Trading Psychology Articles |
Written by Dr. Van K Tharp |
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Giving vitamins to your soul might not have a direct, noticeable effect on your bottom line. However, these vitamins could prevent a disaster and they certainly will make you a lighter and happier person. Lighter and happier people usually make better traders and investors. |
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Trading Psychology Articles |
Written by Dr. Van K Tharp |
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If you think about the essentials of life, the body can live without food for at least a month. You can do without water for several days, but you can only do without air for a few minutes. Air is absolutely essential for life, so why not promote it. Many of the ancient meditation techniques involve the breath and it is not without good reason. Dr. Harry Goldbatt found that rat cells deprived of oxygen easily developed malignancies while normal cells did not. Athletes, who get much more oxygen, only have a cancer rate that is 1/7th the rate of the average American. |
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