New traders often see candlesticks as a price indication and not as a Forex trading tool. Meanwhile more experienced traders would often refer to candlestick patterns in Forex seeking best entry opportunities.
How to trade candlestick patterns in Forex?To answer your question, how to use candlestick patterns, one must look into his own trading style. Although every trader looks into candlestick pattern formations from different angle (e.g. reversal pattern seekers, continuation pattern seekers, scalpers, etc...) we seek to follow the trend, hence use candlestick patterns to follow the market trend. During the webinar we will touch the following subjects:
- What is a candlestick?
- How to read candlesticks?
- Finding support and resistance with Candlesticks
- Most common trend following candlestick patterns
- Most common reversal candlestick patterns