Forex Forum to Share, Discuss, Communicate and Trade Forex
This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
Hey guys, I am sort of new in this and I have read some resources to understand more about forex. I however have some questions and I thought I will ask it in here.
The candlesticks that keep on forming in the MT4, I want to know what does each candlestick represent, I mean i know that they have shadow, it can be long or short, has body and even has names and etc. But I want to know that when does a candlestick form and when will it form again after that. Moreover what does it mean when it is said that buyers are winning or sellers are winning, I know what is bullish and bearish candlesticks but what does it mean in real life?
Forex itself is a fun and learning Forex is a big fun.If a trader wants to be a great trader then he should know how to trade and how to manage money in Forex.If you learn more you will earn more so keep learning and earning.
Candlesticks are yet another way for displaying price dynamics, particularly up and down changes. That's it. Linear graphics have the same function however you can't see obvious changes and need to use additional info.
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