Showing posts with label trading candlestick. Show all posts
Showing posts with label trading candlestick. Show all posts

Getting Started in Candlestick Charting Review

Getting Started in Candlestick Charting
Average Reviews:

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great job - I thought it was an excellent approach for both a beginner and advanced trader who wants to get started in candlestick trading. As usual you cover many angles there is to know about trading which not only includes the candlestick patterns, psychology, and their little nuances( like tails in a consolidation ) but you also offer added knowledge on trading the markets as well. You give a great roadmap for trading trends by using trend lines, moving averages and swing points to denote support and resistance as well as giving great insight with some helpful filters such as market indicators, volume and the understanding of volatility that the markets go through (ie expansion and contraction). Lastly the section on the risk reward ratio is a topic that every trader needs to be reminded for continued success.


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If you want to gain an edge in today's competitive markets, adding the candlestick methodology to your repertoire of technical analysis skills is essential. Getting Started in Candlestick Charting can help you achieve this goal, whether you're new to chart analysis or looking to enhance your understanding of the approach. This reliable resource covers thirty of the most widely recognized candlestick patterns and includes real-world charting examples backed by informative commentary.

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The Forex Trader's Bill of Rights Review

The Forex Trader's Bill of Rights
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Banks are never anybody's favorite organization, but some of the things they do (like introducing delays into settling transactions... you wait for your money, they get to play with it a few more days) can be really dissapointing. A great little booklet, Oanda's guide is helpful both to understand the way the forex world works (and how you just might be getting ripped off), and also an example of how one small company is challening the banks at their own game... and telling the world about the uneven playing field.

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The Forex Trader's Bill of Rights is a manifesto. In 10 short chapters it takes on the oligarchy that rules forex trading, citing the worst practices and recommending specific rights individual traders should insist on.The book's approach is high-minded but not visionary.While its stated objective is to make forex trading more transparent, more efficient, and fair, the rights it proposes are grounded in the reality of trading today. Rather than star-gazing about restructuring forex from the top down, this book urges traders to stop accepting business-as-usual and take simple actions that will change the market from the ground up—starting now.The Bill of Rights is a set of principles to spur change, not trading tips:Immediate, uncensored access to the marketplace --why we don't have it and how dealer intervention abuses tradersForward contracts instead of spot trades -- the hidden costs of two-day settlementWhat you don't know can hurt you --why should market makers control trading information and disclose it selectively—to their own benefit?Trade now or trade later --no trader should be prevented from acting on information that matters—while it still mattersThe deal you get depends on who you are --the fine art of market-maker discriminationChoosing and managing risk --why the "inevitable" risks of forex trading aren'tThe right to understand total cost --spreads matter: what a difference a pip makesLearning what you need to know --you won't hear it from your market makerThe absence of accountability --if you don't know real spreads and real prices, how can you validate your trading strategy?Continuous interest --another way to reduce unnecessary volatility

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