FOREX CANDLESTICK PATTERN

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What are Candlesticks? Calibrate their own trading with the fluctuations and reversals of larger, more influential participants in market, often referred to as “Smart Money”, so that traders can identify and participate in significant price moves. The chart below demonstrates some of the innumerable patterns formed by candlesticks in the context of a daily price action chart.
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FOREX (Foreign Exchange)






What Is Forex (FX)?

Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. It has no central physical location, yet the Forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Most of the trading is done through banks, brokers, and financial institutions.

The forex market is open 24 hours a day, five days a week, except for holidays. The forex market is open on many holidays on which stock markets are closed, though the trading volume may be lower.

Most of the currency transactions that occur in the global foreign exchange market are bought (and sold) for speculative reasons. Currency traders (also known as currency speculator s) buy currencies hoping that they will be able to sell them at a higher price in the future.

Compared to the “measly” $200 billion per day volume of the New York Stock Exchange (NYSE), the foreign exchange market looks absolutely ginormous with its $6.6 TRILLION a day trade volume.

Its name, forex, is a portmanteau of foreign and exchange. It's often abbreviated as FX.

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