Thursday, May 8, 2008

Hi guys i am an online forex trader and now i need to share all those things for free to all that is in need of it ,

first af all i would like to start with candle stick pattern


Candlestick BasicsCandlestick charts are an effective way of visualizing price movements. There are two basic candlesticks:
Bullish: When the close is higher than the open (usually green or white)
Bearish: When the close is lower than the open (usually red or black)
There are three main parts to a candlestick:
Upper Shadow: The vertical line between the high of the day and the close (bullish candle) or open (bearish candle)
Real Body: The difference between the open and close; colored portion of the candlestick
Lower Shadow: The vertical line between the low of the day and the open (bullish candle) or close (bearish candle)
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