Doji Candles

If you were to ask me which of all the candlesticks is the most important to recognize and study, I would answer unhesitatingly — the doji. Whatever timescales your are using, or whichever markets you are trading, the doji candle will appear day in, day out and week in, week out, providing us as traders with an endless stream of signals to use in our trading. Fail to recognize the doji’s implications and you run the risk of buying at the top or staying far too late in a trade and leaving substantial profits on the table. The simplicity of the doji belies its power, and the simple explanation is that the opening and closing price are the same or very close – in other words three is virtually no body whatsoever with the candle, but with shadows top and bottom.

In general there are four main types of dojis — common, long-legged, dragonfly and gravestone, but all have one thing in common in that prices opened and closed at the same level. If prices close very close to the same level (so that no real body is visible), then that candle is read as a doji. In simple terms the doji candle is telling us that the bulls and the bears have battled during the period but that neither has won, and indecision has now entered the market with no clear direction.

This in a nutshell is the power of the doji candle – it is telling us that the trend is stalling, and that this may be the first signal that a reversal is about to occur. In the case of an uptrend, the bulls have by definition won previous battles since prices have moved higher. Now, the outcome of the latest skirmish is in doubt and the move may be coming to an end. Similarly, after a long downtrend, the opposite is true. The bears have been victorious in previous battles, pushing prices lower, but the bulls have now entered the market in force and pushed prices back up to close near the open. All of this price action is reflected in the simple doji candle, and is the first sign that the move may be coming to an end.

Now it is important to realise that the candles that go before are just as important as the doji signal itself. By this I mean that is prices are ranging sideways or consolidating then the doji has less or little relevance. However if we see a doji candle appear after a long rally or a steep decline, then this carries considerable weight, as the preceding trend has been a strong rally, or a steep fall. This is where the power of the doji comes into its own – at the top or bottom of a strong move which can be the first signal ina trend reversal – so pay attention! I will be showing you examples as I find them in a variety of markets and charts over the next few months which I hope will build into a library for you of real trading signals in real markets.

Enjoy Safe and Secure Trading With MYfintec

Doing a search for online brokerages will show you a horde of options. Every other day, a new one springs up that claims to offer far better features than others and uses different methods for luring traders. Why do you need to use their services? If you have decided to trade cryptocurrencies, forex currency pairs, stocks, indices or other commodities, you are going to need a broker’s services to be able to do so. The problem with the numerous options is that every time you look at a brokerage, it seems the ideal fit. However, as there is no shortage of scams and frauds in the market, you have to be very cautious in your choice. Continue reading “Enjoy Safe and Secure Trading With MYfintec”

FXCM – Choosing The Right Forex Trading Platform for Ultimate Success

The term forex refers to foreign exchange. Forex trading refers to the process of exchanging the currency of one nation with that of another nation. Forex trading can be achieved with the help of a broker. The initial thing that you have to do is to choose the currency pair for which you require a forex trade.

With the increase in the value of currency you have the opportunity to make gain. The uniqueness of forex trading that makes it very much popular is that it poses low rate of risk, live market trading is ensured by it, trading of all kind of currency is possible etc. Continue reading “FXCM – Choosing The Right Forex Trading Platform for Ultimate Success”

Forex Trading Brokers: What You Need To Know

Choosing the most appropriate forex broker is possibly the most important decision any trader will have to make, and yet it is one of the most difficult decisions to get right, and one which many traders (both new and seasoned) often get wrong.  Evidence of this can be found in the many forums which are littered with comments from unhappy, embittered and dissatisfied traders.  However, such disappointments are avoidable, once traders understand that all brokers fall into a variety of classifications and categories and forex traders should select only those which match their trading style, and offer compatible forex trading strategies. In my general introduction to trading, I offer a broker checklist for would be FX traders, which is still valid today despite the exponential growth in the number of brokers which have sprung up since the checklist was first produced. Continue reading “Forex Trading Brokers: What You Need To Know”

Will Trump’s Trade Policies Displace The Dollar?

Back in 1965, Valéry Giscard d’Estaing, then France’s minister of finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And now President Donald Trump’s misguided trade wars and anti-Iran sanctions will accelerate the move away from the dollar. Continue reading “Will Trump’s Trade Policies Displace The Dollar?”

Caitong Securities Launches Horizon Options Trading Platform Service

Horizon Software (Horizon), the leading global technology provider for electronic trading and investment management, announced today that the China-based securities firm Caitong Securities has gone live with its Options Trading platform to trade SSE 50 ETF options on the Shanghai Stock Exchange. Continue reading “Caitong Securities Launches Horizon Options Trading Platform Service”

Deposit Bonus – VideForex

Choose your account bonus between 20%, 50% and 100% Bonus, pick the account type that suits your trading style and deposit amount. There are three categories of Bronze, Silver and Gold account available for the new traders to find the one most convenient. The welcome bonus credit can be cashed after traded the volume as mentioned in the terms of the promotion. Continue reading “Deposit Bonus – VideForex”

Guy Galboiz Shares All You Need To Know About Cryptocurrency

Cryptocurrencies have become the hottest trend in the market these days and everyone is clamoring to find more about them. What exactly is cryptocurrency?

n simple terms, it is a virtual or digital currency created to work as a medium of exchange. We recently invited Guy Galboiz, a renowned crypto influence, to share his knowledge about cryptocurrencies. As per Guy, Transactions are secured and verified through the use of cryptography and it can also be useful for controlling the creation of more units of a specific cryptocurrency. This means that they are limited entries in a database and they cannot be altered until certain conditions are met. Continue reading “Guy Galboiz Shares All You Need To Know About Cryptocurrency”

Zero to Hero Signals Review by

Zero to Hero is a Forex signals website owned and run by a team of U.K.-based Forex traders. The site offers a paid trading signals subscription service, covering Forex currency pairs and crosses. The fee for the signals service is $97 per month. It is possible to request a free trial, which may be granted at the discretion of Zero to Hero’s management. The service is what we call a “pure” signals service: it is about trading only, without adding any educational elements, although they do plan to add this type of material to their site at some future date. Continue reading “Zero to Hero Signals Review by”

Interactive Brokers Review by

PROS / Interactive Brokers has more than 90 technical indicators for analyzing the forex market.

CONS / In order to open an account, you need to deposit $10,000, by far the highest amount of the brokers we compared.

VERDICT / Best suited for experienced investors, Interactive Brokers has a quality platform and competitive pricing to make it a standout forex broker. Continue reading “Interactive Brokers Review by”