How to analysis the currency trading candle stick pattern
https://forexamazingtips.blogspot.com/2018/08/how-to-analysis-currency-trading-candle.html?m=1
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Saturday, August 25, 2018
How to analysis the currency trading candle stick pattern
Year on year, the forex market is getting popular. People from USA, Singapore, UK, Malaysia, Gulf countries, Europe, Australia and other countries consistently follow currency trading to make consistent returns on their investment. To analyse the market position, candle stick pattern is one of the best and reliable tools, it is easy to evaluate the price patterns.
Basically, you will see 4 points such as low, high, open and close values.
New trader may face problems while reading the Candlestick pattern. You need to watch the market consistently in order to understand the Forex as well as stock market.
The forex market is open and active 24 hours a day from the start of business hours on Monday morning in the Asia-Pacific time zone straight through to the Friday close of business hours in New York. At any given moment, depending on the time zone, dozens of global financial centers — such as Sydney, Tokyo, or London — are open, and currency trading desks in those financial centers are active in the market.
Factors that affect the forex market:
1. Central Bank policies
2. Individual traders
3. Interest rates
4. Inflation
5. Political updates
6. Industrial development
7. Economic performance
8. Terms of trade
9. Public Debt
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at August 25, 2018
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