These are the best, most profitable candlestick patterns you can learn and use for your trading. These work with Forex, indices and commodities (such as gold). In this video we’ll show you the basics of candlestick patterns and how use them to trade profitably in the markets. This video is best for: Beginner traders looking to learn candlestick patterns. Traders looking to refresh the candlestick basics. Traders who are unsure where to start on their trading journey. Traders wanting to see how candlestick patterns can be used to generate profits in the market. Contents: - Introduction - Overloading charts - The OHLC - Candles moving and forming - How candles are created - Bullish candles - Bearish candles - Conclusion We will teach you how to spread bet and trade with profitable trading strategies. We trade Forex, indices, stocks and equities in our live day trading room. To join Trade Room Plus for free, click here: http://traderoomplus.com/offers/ To join the next free live training session, click here: http://traderoomplus.com/s/2d Free membership: http://traderoomplus.com/offers/ When you first out of the trading journey it can seem as if there is an overwhelming amount of information to learn and figuring out where to start can be very hard. This video show you the complete beginner how to understand the basics of candlestick charts so are able to effectively read candlestick charts. When looking at a chart it can be highly confusing the can be lines numbers and indicators everywhere. Let’s strip chart down to its most basic form, its price action. How different is it look, just to the candlesticks? All the indicators are removed are generated from the candlesticks candlesticks is widely used representation of price action. When hear someone talk about price action the talking bout the movement of price over a period of time. This price action is most important information for any trader because it is easy for any trader to see exactly what the price is doing that any given time. The chart is made up of lots of individual candlesticks candles tend to be bullish or bearish. On the left we have a green candle which represents a bullish candle bullish simply means the prices increased over the time period. On the right with a red candle which is bearish bearish simply means price has decreased over the time period. In this better video we can see how candles are moving and forming over a specific time period. Across the bottom is time, across top is price. Time moves from left to right and price moves up indicating an increase in value and down indicating a decreasing value. So what about natural candle themselves? We can gather more information from the candles. The rectangular part of the candle is called the body. What the body shows is a specific price action for the opening closing price of a candle. So with a bullish candle the bottom of the candle is the opening price and the top of the candle is the closing price.Bearish candles rim averse the top of the body’s opening price in the bottom of the body is the closing price. Let’s take things one step further. Charts were more likely to see candles that not only consist of bodies but also vertical lines of various lengths sticking out from either end. These are most commonly called Wickes tales or shadows. A trading plus we use the term wicks. These represent the extremes of price movement the high and the low of price action within the time period. The high and low is a saint I have a bullish or bearish candles. Together with the bodies we have the open high low and close. You’ll often hear referred to this as the OHLC. If you hover over a candle on the chart your see the OHLC displayed as well as the time and date of the candle. You’ll also see other candles like these that have little or no body. These are known as Doji candles. What a Doji candle is telling you Is that the open and close at the same or very near the same price within that time period. So although the price memories up and down throughout the time period this is how they look when they open and close is very similar. Look at further candlestick patterns in the next candlestick video. Such a look at the chart back from where we started we can see all information is based on price action we can see some bullish candles. The shows is the market is increasing in price and we can see some bearish candles which shows the market is decreasing in price. The session Doji candles we can identify. Candle show the open high loan close of price action over a certain period known as the OHLC. There are bullish, bearish and Doji candles. Nearly all technical indicators are created from the OHLC. Up next is trading candlesticks part two where we will look at the best profitable candlestick patterns to trade from. Profitable candlestick patterns. Candlestick trading. Making money trading. Candlesticks for Forex. Candle stick pattern trading.
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