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Etoro Captures World Finance Award For Most Innovative Trading Platform

Etoro Snags a World Finance Award for Most Innovative Trading Platform 2010 And Growing into 2017.

The eToro platform, already a trader favorite, has now received a nod of appreciation from the financial trading industry as a winner of one of World Finance’s prestigious annual awards.
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How to choose a Forex signal service?

One of the most popular ways of trading is by following “signals”. If you’ve ever heard the term “Forex Signals” but wanted to know more about its pros and cons, and whether it is suitable for you or not, this article is for you.

What is a signal service?

A Signal Service provides alerts on trading opportunities. For example, a professional trader sits at his desk, trading his account (or his company or hedge fund account). Whenever the trader enters the market, he also sends an alert to his subscribers, giving them the opportunity to enter the same trades as him. Some service also provide an automated robot, sometimes called a Trade Copier or a Trade Cloner. This robot will execute the same trade on the client’s account, so clients don’t need to actually go to their computer and execute the signals manually. Such service is “Vladimir’s Forex Signals & Mentoring”.

Why should I use a signal service?

Whether you a new or experienced trader, there are signal services out there that will contribute to your profits or set you on the right track to trading success.

For beginners: trading alone can be confusing and difficult. Like any other profession, you will not see success over night (despite what some brokers might try to lure you into believing…) So, on your first steps in this exciting but dangerous world, services such as Vladimir’s Forex Signals & Mentoring, can take you hand in hand to learn the way real professionals trade. Plus, you have a chance to copy the trades of a pro into your own account, so you start trading on the right foot.

A signal service is also suitable for people who do not have the time to sit all day in front of the computer, looking for trades. Being subscribed to a signal service means there’s a pro trader sitting and looking for trades on your behalf. Saves a lot of time and headaches, plus of course the results should be better, as you’re having a highly experienced professional working for you.

For veteran traders: it’s a real opportunity to hone your skills, and provide an additional source of profitable trades to diversify your “portfolio” of strategies. It is also an opportunity to join a community of like minded traders who communicate (through chat and live trading rooms) during the trading day, and help each other achieve better results.

What are the disadvantages and problems with signal services?

Here are the disadvantages and common issues with signal services, which require your attention and caution:

Hidden agendas: some brokers provide free signals. You’ve got to ask yourself why would someone offer free signals if they are serious and profitable. The answer in most cases is that they have a hidden motive – to push you to trade more. The equation is simple: the more signals they send you, the more trades you make, and the more commissions they earn. That’s why their main interested is sending as many signals as possible, not as good and profitable signals as possible. These kinds of freebie signals have made a bad name for the world of signals, but luckily there are a few rare paid signals providers who do a good job.

Time constraints: many signal services require you to be near a computer most of the day, so you can immediately enter the market whenever you get a signal. However, this issue has been overcome by using what’s called a “Trade Copier”, which is an automated robot that receives its trading commands directly from the signals service trader.

Good signals come from good traders: Unfortunately, the Forex industry is full of scams and dishonest vendors. Calling yourself a trader and providing signals is easy, but providing signals which actually provide profits is of course a different story. The statistics are that 95% of traders lose money in Forex. This applies to signal providers as well. So, your mission is to find one of those 5% of signal providers who actually make money in Forex.

Take Vladimir Ribakov for example. He’s been around the net for several years now, which means there’s a lot of feedback about him in forums and review websites. The feedback is decidedly positive so he’s the perfect example of a trustworthy trader to get signals from.

With 4 sources of laser-accurate signals, trade copiers, live trading room, daily market reviews, educational webinars, shared member’s real account and free MT4 programming and more… Vladimir’s Forex Signals Service is on a league of its own. Here’s why:

Vladimir Ribakov is a well known active professional trader, who for the past several years discovered his passion for educating home-based traders on how to profitably trade Forex, commodities and indices.

Vladimir’s Signals & Mentoring service is actually his “virtual trading office”, where he provides alerts on all the trade that he takes, while communicating with his service followers, reviewing the markets in real time, teaching his methods and analyzing trades.

The trade signals originate from several sources, including Vladimir’s own trades, bonus trades and guest traders, while providing trade copiers for each source. This means that members can automatically copy trades directly into their own account – no more missing good trades because you were not near your computer.

But that’s not all. The service is actually a community of people who enjoy trading together. There is a members’ chat room, live trading room hosted by Vladimir every day, and webinars where Vladimir teaches his proprietary trading strategies and communicates with the members, answering all their trading questions.

Here are some of the important features of the service you should know about:

Signals from Vladimir Ribakov: Being a veteran trader with vast experience of the financial markets, Vladimir trades: major and minor currency pairs; Metals & Commodities such as oil, gold, wheat; and indices such as S&P, NASDAQ, FTSE, DAX, NIKKEI. Signals are provided to all members, as opposed to other services which limit the signals according to the membership package chosen.

The signals instantly appear in MetaTrader as an alert, and are also delivered via email and in the members’ area website. The members’ area also provides educational explanations and screenshots.

Vladimir also provides a Trade Cloner which copies all trades automatically into the member’s account, which frees you to do other things while the signals arrive and get traded.

Guest Trader: another attractive source of signals which will be available to members is from a guest trader. Several pro traders already consented to be featured as guest traders and to bring their expertise and knowledge to the members. Of course, each guest trader will trade according to his/her style and methods, and will help mentor members who would like to learn more from them.

The Guest Trader Signals will be available via a trade copier, email, MT4 direct alerts and of course inside the members’ area under a separate panel.

Harmonic Patterns Signals: In addition to Vladimir Ribakov’s regular signals, he will also provide bonus signals derived from Harmonic Patterns analysis. The patterns are based on specialized Fibonacci analysis. These signals are characterized by high accuracy and excellent risk/reward ratio, and are favorite among veteran and beginner traders alike.

Shared Members’ Real Money Account Panel and Signals: This is an exclusive activity, providing exciting benefits for the members. The concept is new, so it deserves some explanations:

The goal is to enhance members’ potential profit, and educate on how to trade real money. The account belongs to Vladimir, and he is regularly depositing his own funds into it. The account will be traded by a panel of members, who will be selected based on their track record. The panel will trade together, under Vladimir’s guidance, but with full freedom to use their methods to the educational benefit of the members, and for monetary gains that will be split among all members.

If the panel gains substantial trading profits, the profits will be split between all the members.

The first members of the panel have already been selected – they are three of Vladimir’s veteran followers, who have turned out to be amazing traders and mentoring figures by their own right, helping Vladimir guide new traders on a daily basis.

Investors and Critical Reverse levels: These are levels that Vladimir provides based on his information sources, giving unique insight into the trades of large investors and institutions that have the power to move the market. They are also available as a MT4 indicator which shows the levels on the member’s charts, drawn directly from Vladimir’s servers.

Live Trading Room: Twice a day, opens his live trading room to the members, analyzing the market and looking for trade setups in real time.

Daily Market Reviews: Each day in the morning (UK Session) Vladimir provides an insightful video review about the market. The review is available in the members’ area throughout the day (and in the video archive as well).

Webinars: At least once a week, members can participate in an online webinar with Vladimir, who will explain and teach his trading methods and concepts.

Free Programming Service: Vladimir’s followers often come across trading ideas and concept that could make for a great indicator or EA (robot). However, coding them into a MetaTrader indicator or Expert Advisor is a highly specialized task. Until now, the only two options were either to pay thousands of dollars for a coder to prepare it, or ask favors in internet forums, which more often than not yields a buggy, amateur-quality result.

All this has now changed for members of Vladimir’s service – they have the chance to have their ideas coded by Vladimir’s professional coding team, for free.

Since Vladimir offers his guidance and coding team for free, he promises to make the outcome available to all members of the service, on the members’ area download page.

To conclude, for the first time traders all over the world have a one-stop-shop for all their trading needs, managed by a well known and highly followed trader, taking them into the next level of Forex & commodities trading.

5 Unchallenged Reasons Why Forex Trading Is The Best Home Based Business Online

1. Very low overheads or expenses compared to traditional brick and mortar businesses.Your only expense is the laptop(which most of us already have for whatever purpose) and a good internet connection(which again almost everyone has).No products needed to buy or store,and you can trade forex from anywhere in the world-while traveling abroad,from a different city,coffee shops,beaches-you name it!

2. You can start your forex trading home business with as little as $100,or even better many forex brokers provide starting bonuses for you to trade and test the forex market free of charge,and in most cases these bonuses can be withdrawn to your bank account as long as the required conditions are met.You are eligible to even open a free demo or practice account as you may call it.Another option is that you can open a free partner or affiliate account and get very lucrative commissions.

3. Forex trading is conducted 24 hours a day,hence you can choose to trade anytime of the day,depending on your location and convenience.In short you can choose your time and have total freedom at the same time.
Perfect Home Business To Be Your Own Boss!

4. In a world of low interest rates in ample of countries,some as low as 0% like in Japan,many japanese housewives and moms are forex traders during the day at the comfort of their house.Yes forex trading can give you a consistent profit of at least 2 to 3% every month with proper and strict money management skills.It is one of the very few businesses where you can grow your home business very fast with proper compounding methods.

5. You do not need to spend money on expensive forex education courses,as there are many forex trading websites offering free,extremely high quality information.A simple google search is literally all that is needed to start your forex trading home business.All this without spending a dime!

How To Start A Forex Trading Business In 5 Simple Steps.

Some things needs to be learned before starting trading in Forex. A proper guide is provided below:

1. Choose a broker

The first step that is important to learn about forex trading. Before starting trading in Forex, it is compulsory to choose a broker first. Decision regarding opting for a broker solely depends on the trader. There are several brokers who would offer some options that would be advantageous for some traders whereas the same options would of the broker would be regarded as useless by some other traders. So, it is necessary to reassess and evaluate the options closely that are offered by the brokers. The trader should choose the broker whose options are viewed to be most comfortable by the trader.

2. Opening a Demo Account

Once a final decision is made regarding a broker then the next step for the trader would be opening a demo account. Almost all the brokers would propose a trial period of 30 days at the least for their respective trading platforms. This provides a chance to the trader for trading on the provided trial platform by using play money instead of real money. Demo account would help the trader to decide that whether it is comfortable to trade in the broker’s trading platform by utilising the trading tools of the broker. It would not be wise for a trader to start trading with real money before determining the comfort level of the trading platform. With the help of a demo account a trader gets a grasp on the way of using the trading platform of the broker as well as gets to trade in the market in actual time.

3. Learning About Leverage

Then comes the step of learning about the leverage as trading in Forex is characteristically done by making use of leverage or margin trading. Margin is quite a helpful tool but can turn out to be quite dangerous as well if not used accurately. The brokers of Forex offer somewhere from leverage 50:1 till leverage 400:1. When the number is maximum then less money is needed while doing a huge trade. Using leverage should be carried out with great skill and care.

4. Exercise Reading of Charts

Before starting to trade the trader should make sure of getting well-known with the charts, forex trading signals and the way they work. It would be wise and beneficial to get introduced to the varied time frames and the kinds of charts available. Time frames that are shorter would provide an idea regarding the movements of the market for each and every minute. Time frames that are longer would give a picture of the market movements in longer periods and would demonstrate the bigger trends. Most of the software of charting would provide charts in the form of candlesticks, lines or bars.

5. Making the first live trade

Finally comes the time when the first live trade is done or executed by the trader. Although the demo account prepares the trader regarding the aspects of technical trading but when the trader starts trading with actual money then emotions come into the picture.

Therefore these are the crucial points that are necessary to start a forex trading business.


While everyone’s talking about the actual Forex trading, have you ever wondered about the Forex brokers themselves. They are a big part of the retail Forex market and they hardly get a mention. In that spirit, I thought I would mention a few words about them, here goes:
They don’t make as much as you think

You would imagine that if the traders make so much, then the brokers must make a lot, but no. As a picture, imagine the sales agent that markets million-dollar houses, do you think they make as much as the people buying the houses? That’s what the Forex broker does.
The devil is in the details

A broker will advertise their best features on the homepage, but the less attractive aspects will be hidden. To find these, you have to look deeper and not be fooled by the lucrative offers you first see.
Many of them are cheats

Finding the best broker is difficult among the many brokers in the sea that is the Forex market. Many of them will try to take your money, or deny your withdrawal request. In your search, you will need to look for more top rated forex brokers until you find the one who doesn’t have any dirty tricks. Use reliable websites about forex brokers and learn more about best companies to trade with on the Market.

They also make trades

A Forex brokerage works just like a bank whereby they use the customers’ deposits to make their own trades and investment.
Most of them are based in Europe

There are over a hundred Forex brokers in the world, but most of them are headquartered in Europe. Not only does the region accommodate the largest proportion of the Forex market, a report by the ECB shows it’s also the most active region, followed by Asia. The US market has a lot of restrictions, and the people are more used to the stock market.
A few brokers handle the most Forex transactions

The same report by the ECB also showed that just 10 brokers handle 85% of the daily Forex volume worldwide. The rest have to compete for clients, which is why they don’t make a lot, but the ones at the top have wonderful privileges.
Their operations vary

Forex brokers operate in 2 main ways, either by creating the market or transferring the trades to a liquidity provider. The former is risky because the broker is betting against their clients, creating a conflict of interest. As for the latter, the broker makes a profit either way, this way they have no interest in your earnings and can be unbiased.
Brokers pay taxes

With the exception of the US, retail traders aren’t taxed for their winnings, but the brokers are always taxed. Some countries have less restrictive laws, and these attract the largest number of Forex brokers. For example, Cyprus where corporate tax is 12.5% compared to, say, the UK where the tax is 20%.
They don’t own the trading software

The Forex trading platforms you download to your smartphone, tablet or computer is most likely just leased. There are companies that develop these software, and the Forex brokers only pay an annual fee for the license. Some brokers have their own proprietary software, though, but they often also offer the leased software too because they are more popular.
Most of the extra products offered are derived

The brokers will often tout about allowing traders to trade indices, stocks and commodities, but these are usually in the form of CFDs. You don’t actually own the stock or commodity, but rather only betting on their price movements.

By Martin Moni

45 Business Resources Every Entrepreneur Should Know

From the high-concept ideas to the nitty-gritty details, plenty of entrepreneurs think they need to do it all on their own… But that doesn’t mean they won’t need help along the way. Check out infographic below!

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Lessons Digital Currency Has Taught Us

Digital Currency is one of the newest trends in online payments. Though it’s not universally accepted yet, the concept of digital currency is intriguing, and it’s already taught us many lessons.

Lessons Digital Currency Has Taught Us #InfographicYou can also find more infographics at Visualistan

GANN Theory Explained


Gann’s life story is very colorful and compelling. Born in Texas in farmers family, he started trading when he was 24 (1902).

It is a known fact (mainly through his books) that he was a religious man but also interested in science. His rich knowledge of ancient mathematics as well as Greek and Egyptian cultures was most likely acquired due to the fact he was a Freemason of the Scottish Rite Order.

Gann developed many tools such as Gann angles, Square of 9, Hexagon, Circle of 360. His analysis are based on ancient mathematics, astrology, astronomy and geometry. Very wide range of methods which in my opinion explains why the gap between the critics who admire his work, and the ones that are strongly against it, is wide.


He is famous for many but probably one of the most distinguishing ones is during the World War I, when Gann predicted the abdication of the Kaiser on November 9th, 1918 which was the end of the war.

According to many he also forecasted the Japanese attack on Pearl Harbor which started the air war between the two countries, in his book from 1927 “Tunnel Through The Air”. Right or wrong I will leave it to you to judge.

When it comes to financial forecasts he predicted the continuation of the rally in 1929 due to speculations and that the market will reach new high – until early April.

Gann published his daily forecast “The Supply and Demand Letter” where he would analyze commodities and stocks. In a while when his newsletter picked up more and more readers, he issued several books. “Truth” which was featured in the Wall Street Journal turns out to be one of his best works. This is when he released to the public his trading methods, knows as the Gann Studies.


The GANN theory is basically the correlation between patterns, price and time and how all three relate to the market. According to GANN those are the 3 most valuable aspects of trading that could best describe and predict the future movements of the markets.

Any of these 3 elements could provide a signal on its own but according to the GANN theory if you are patient enough, to wait for all three to “tell” you the same thing, your odds will tremendously increase. This is exactly what happened in the early years of Gann’s trading career when he found “the market time factor”. The year was 1908, Gann opened two accounts ($300 and $150) to test out his new findings and strategy. In only one month he managed to turn the $150 into $12,000 and the $300 brought him a profit of $25,000 in a quarter. These achievements gained him the respect of Wall Street, making him one of the pioneers of technical analysis as well as one of the best analysts!

Fascinating, isn’t it?


As it was already mentioned above, Gann had a huge passion for numbers and mathematics. He applied his knowledge towards finding patterns in the market, and judging by his results, he found the correlation. The square of numbers for example, plays a significant role in his trading and analysis. The numbers, that he believed are really important are : 16, 25, 36, 49, 64, 121 and 144. As per his understanding, the market would move in patterns that was strongly correlated to this numbers and their squares. For example a specific rally might find strong resistance 64 cents or 64 days from the bottom.


Some of the numbers that Gann would use in his analysis: 12 (it has biblical and astrological meaning – 12 disciples, 12 houses of the zodiac), 3.5, 144 and 365.


Looking back at his way of thinking, I can only admire the way his brain worked. He managed to figure out 100 years ago, that the market is a complex creature and we can’t and shouldn’t try to predict it, looking at it from only one angle. He generalized the market as a whole, defined the main factors that are making it move, and tried to look at each factor independently. Once all three factors agreed, he would make his move. Brilliant!

Price study– This uses support and resistance lines, pivot points and angles.
Time study – This looks at historically reoccurring dates, derived by natural and social means.
Pattern study – This looks at market swings using trendlines and reversal patterns.

It is like driving a car. Weather is factor 1, proper tiers for the season is factor 2, driving after you have been drinking is factor 3. So if it winter, and temperature is -15, road is all covered in ice, you better wait until you get your winter tires and until you sober up. If you are not patient enough, you might and will probably end up on the side of the road after a few turns. To make this journey successful you should have all three factors lined up to achieve best results.

Best is to wait a bit until sun comes up, ice melts, you have your winter tires setup, you are sober and well relaxed after a good sleep as opposed to driving drunk, with summer tires in the middle of the night. Same goes in trading, if you have the patience, you might turn pretty much the same situation, from total disaster into huge profits.


Of all of W.D. Gann’s trading techniques available, drawing angles to trade and forecast is probably the most popular analysis tool used by traders. Many traders still draw them on charts manually and even more use computerized technical analysis packages to place them on screens. Because of the relative ease traders today have at placing Gann angles on charts, many traders do not feel the need to actually explore when, how and why to use them. These angles are often compared to trendlines, but many people are unaware that they are not the same thing. (To learn about trendlines, see Track Stock Prices With Trendlines.)

A Gann angle is a diagonal line that moves at a uniform rate of speed. A trendline is created by connecting bottoms to bottoms in the case of an uptrend and tops to tops in the case of a downtrend. The benefit of drawing a Gann angle compared to a trendline is that it moves at a uniform rate of speed. This allows the analyst to forecast where the price is going to be on a particular date in the future. This is not to say that a Gann angle always predicts where the market will be, but the analyst will know where the Gann angle will be, which will help gauge the strength and direction of the trend. A trendline, on the other hand, does have some predictive value, but because of the constant adjustments that usually take place, it’s unreliable for making long-term forecasts.

Constructing Gann Angles
Before we begin, it is important to realize that this form of analysis – like most forms of technical analysis – is not set in stone but constructed out of empirical methods. Without further ado, here is the process used to construct a Gann angle:

Determine the time units – This is one of the empirical processes. One common way to determine a time unit is to study the stock’s chart and take note of distances in which price movements occur. Then, simply put the angles to the test and determine their accuracy. Most people use intermediate-term (such as one to three-month) charts for this as opposed to long-term (multi-year) or short-term (one to seven-day) charts. This is because, in most cases, the intermediate-term charts produce the optimal amount of patterns.
Determine the high or low from which to draw the Gann lines – This is the second empirical process, and the most common way to accomplish it is to use other forms of technical analysis–such as Fibonacci levels or pivot points. Gann himself, however, used what he called “vibrations” or “price swings.” He determined these by analyzing charts using mathematical theories like Fibonacci.
Determine which pattern to use – The two most common patterns are the 1×1 (left figure above), the 1×2 (right figure above), and the 2×1. These are simply variations in the slope of the line. For example, the 1×2 is half the slope of the 1×1. The numbers simply refer to the number of units.
Draw the patterns – The direction would be either downward and to the right from a high point, or upward and to the right from a low point.
Look for repeat patterns further down the chart – Remember this technique is based on the premise that markets are cyclical.
Again, this requires some fine-tuning with experience in order to perfect. Because of this, the results will vary from person to person. Some people, like Gann, will experience extraordinary success, while others – who don’t use such refined techniques – will experience sub-par returns. However, if the system is followed and sufficient research is put into finding the optimal requirements, above-average returns should be attainable. But remember, technical analysis is an odds game -add more technical indicators to increase your chances of a successful trade.

Using Gann Angles
Gann angles are most commonly used as support and resistance lines. But many studies have support and resistance lines. What makes this one so important? Well, Gann angles let you add a new dimension to these important levels – they can be diagonal.

Here you can see how Gann angles can be used to form support and resistance levels. Diagonal trend lines are commonly used to determine times to add to existing long positions, to determine new lows and highs (by finding significant breaks of the trend line), and to help discern the overall trend.

Sources and references: Wikipedia, Investopedia, StockCharts


Easy Way To Understand Forex Market Basics

What is forex marketing #infographicYou can also find more infographics at Visualistan

A Look At Forex Trading Forex, a combination of two words foreign and exchange, is simply a process in which the exchange of foreign currencies is done. Known with one more name ‘FX’, Forex has become the world’s most traded market, with a turnover of several trillions per day. This market is like other markets, wherein goods are sold and purchased. In this market, currencies are treated like goods, and they are bought and sold here in order to make profit. In this market, the exchange of one currency happens with another at an agreed price. For instance, you can buy the US dollar by paying pound or Euro. Profit and loss are determined in this market on the value of a currency that you are selling or purchasing.

Forex market is a global market, with major forex trading centers like New York, London, Tokyo, Hong Kong, and Singapore. Traders from all over the world trade here, as this appears them a great platform to make good profit. Banks, industrial investors, corporations, governments, and currency spectaculars are major traders in this market. The most interesting thing about Forex trading is that it runs 24*5. It starts on Sunday 5 PM EST and continues until Friday 5 PM EST. During this period, trading does not stop even for a second. The US dollar, the Euro, the yen, and the British pound are the most traded currencies of the market. The most interesting fact about this market is that the chances of profit are significantly higher here than in traditional trading.

The value of a currency is influenced here by many reasons, from international trade or investment flows to economic or political conditions. Price here changes rapidly that makes the trading an exciting job. If you are interested to do forex trading, you need to sign up with a forex broker and download an online trading platform. Once you are done with the download, you can open a demo account and start forex trading.

Top 32 Candlestick Patterns Every Forex Trader Should Know

Abandoned Baby: A rare reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third day.

Dark Cloud Cover: A bearish reversal pattern that continues the uptrend with a long white body. The next day opens at a new high then closes below the midpoint of the body of the first day.

Doji: Doji form when a security’s open and close are virtually equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like, either, a cross, inverted cross, or plus sign. Doji convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level.

Downside Tasuki Gap: A continuation pattern with a long, black body followed by another black body that has gapped below the first one. The third day is white and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap.

Dragonfly Doji: A Doji where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market turning points.

Engulfing Pattern: A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day’s body.

Evening Doji Star: A three-day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.

Evening Star: A bearish reversal pattern that continues an uptrend with a long white body day followed by a gapped up small body day, then a down close with the close below the midpoint of the first day.

Falling Three Methods: A bearish continuation pattern. A long black body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new low.

Gravestone Doji: A doji line that develops when the Doji is at, or very near, the low of the day.

Hammer: Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.

Hanging Man: Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man.

Harami: A two-day pattern that has a small body day completely contained within the range of the previous body, and is the opposite color.

Harami Cross: A two-day pattern similar to the Harami. The difference is that the last day is a Doji.

Inverted Hammer: A one-day bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open, therefore looking like an inverted lollipop.

Long Day: A long day represents a large price move from open to close, where the length of the candle body is long.

Long-Legged Doji: This candlestick has long upper and lower shadows with the Doji in the middle of the day’s trading range, clearly reflecting the indecision of traders.

Long Shadows: Candlesticks with a long upper shadow and short lower shadow indicate that buyers dominated during the first part of the session, bidding prices higher. Conversely, candlesticks with long lower shadows and short upper shadows indicate that sellers dominated during the first part of the session, driving prices lower.

Marubozu: A candlestick with no shadow extending from the body at either the open, the close or at both. The name means close-cropped or close-cut in Japanese, though other interpretations refer to it as Bald or Shaven Head.

Morning Doji Star: A three-day bullish reversal pattern that is very similar to the Morning Star. The first day is in a downtrend with a long black body. The next day opens lower with a Doji that has a small trading range. The last day closes above the midpoint of the first day.

Morning Star: A three-day bullish reversal pattern consisting of three candlesticks – a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day.

Piercing Line: A bullish two-day reversal pattern. The first day, in a downtrend, is a long black day. The next day opens at a new low, then closes above the midpoint of the body of the first day.

Rising Three Methods: A bullish continuation pattern in which a long white body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new high.

Shooting Star: A single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish.

Short Day: A short day represents a small price move from open to close, where the length of the candle body is short.

Spinning Top: Candlestick lines that have small bodies with upper and lower shadows that exceed the length of the body. Spinning tops signal indecision.

Stars: A candlestick that gaps away from the previous candlestick is said to be in star position. Depending on the previous candlestick, the star position candlestick gaps up or down and appears isolated from previous price action.

Stick Sandwich: A bullish reversal pattern with two black bodies surrounding a white body. The closing prices of the two black bodies must be equal. A support price is apparent and the opportunity for prices to reverse is quite good.

Three Black Crows: A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.

Three White Soldiers: A bullish reversal pattern consisting of three consecutive long white bodies. Each should open within the previous body and the close should be near the high of the day.

Upside Gap Two Crows: A three-day bearish pattern that only happens in an uptrend. The first day is a long white body followed by a gapped open with the small black body remaining gapped above the first day. The third day is also a black day whose body is larger than the second day and engulfs it. The close of the last day is still above the first long white day.

Upside Tasuki Gap: A continuation pattern with a long white body followed by another white body that has gapped above the first one. The third day is black and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap.


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