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Doji Candlestick Pattern

A Doji candlestick symbol is an important shape that you’ll see a lot in the candlestick charting. Our previous article on candlestick explains how a candlestick is formed. A Doji is one type of candle stick that is formed when the price (opening & closing) didn’t change. Whether you’re using a minute, day or weekly chart, you’ll notice a candlestick doji pattern created when the open price is the same like the closing price. But I like to use day charts ( when 1 candlestick represents 1 trading day) to look for Doji. I just can spot it a lot with a day chart and it most likely represents a trend reverse more accurately.

A Bottom, then Top Doji451084235_1280x720

Why is Doji important to track?

When a Doji is formed at the bottom or at the top of a trend this is powerful because the pattern speculate that there will be a shift or reverse of prices. I consider it a “pause” in a fight between the bear and the bull that will cause a reverse or shift in power. For instance, if the bull is winning the fight at the moment, but then things is changing followed by a pause (or Doji) and then the bear will take over and the bull will lose the fight at the next moment.

(Note: Bull represent the uptrend market or when traders profit from buying low and selling high. Bear represents the downtrend market or when traders profit from selling high first & then buying low, it’s also called short selling)

Doji at the top

A doji doesn’t has a body, so it only has legs or tails, but it also has some shape variations. For instance there is the popular ” Gravestone Doji” which doesn’t have a tail at the bottom of the body. And as the name suggests it is usually is formed before something bad.trading

Gravestone Doji

What Doji Gravestone really means is that the bull were winning at the beginning of the session but then they went back to the original position because the bear were pushing hard not to raise price.
So, when a stock is in uptrend or just moving sideways and you see a gravestone doji forming then this candlestick formation suggests that the prices will go down.

 

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Forex Trading Tips For beginners

Many of us have heard about forex trading but they do not know what Forex trading is. It is a business which has lot of money in it but it’s not an easy business. Most of us think that they know enough about Forex trading and that they can make a lot of money, but in reality they do not know much about Forex trading system.

The Forex trading involves currency pairs and it is in no way similar to stocks or bonds. The trick is that you should choose those currencies for trading which are stable and have more value than other currencies.

When you join the Forex trading remember that you need to be very clever and you must avoid fraud. You should take advice from those who are already in this business and this will help you a lot. You can then get smoothly into the business and learn from what others have learnt over the years. The people from all around the world participate in this business which makes it global. This fact also brings in fraud and different strategies are used to infiltrate the financial market.

Forex Trading tips

The other reason for such frauds is that there is a lot of innovation in the Forex trading business. This innovation allows the people to take advantage of the new system until it gets fool proof. So you should not shy away from learning and asking the experienced ones.

What you need to do is to pick up a company with good repute as this will guarantee that you are not falling prey to the scams. The scams though advertise in such a way and they offer such benefits that they allure you into the scam and most of the new businessmen fall to them. So do not get fooled by such companies. These companies generally offer high profits and they show all the dreams that they can.

Always select a broker who is attached to a company which is registered with the Government. This will guarantee that the company is legitimate and is not a scam. This is especially useful for the new businessmen as they do not have any idea of the scam companies and the fraud that is a part of the Forex business. they can avoid the fraud by selecting the right broker and hence the right company. From behalf of GfBlog we can recommend you to open forex demo account with Admiral markets because they have an outstanding reputation.Forex Trading tips

Remember that a company that offers big profits and claims that there is no risk what so ever if you work with them, always indicates fraud and it should be a big NO from your side. Remember that no company can guarantee that there will be no risk as this business has many risks. Such companies are surely fraud and you should be clever enough to recognize them.

Resources:

http://www.forex.com/uk/trading-platforms/forextrader/trading-tools-analysis.html

Making Money with Forex Robots

Making Money with Forex Robots

If you have not been off the world for last two years you would have known that the world is taking the Forex business pretty seriously these days. The $3 trillion daily trade indicates that. There are many people around the world who love to covert $500 dollars into $600 just by trading in different currencies. This has introduced a million new businessmen to the forex trading business. The forex robots make this task easier and you can rely upon them to earn money from forex trading.

The people used to spend a lot of money on learning the latest forex techniques and tricks that were not told generally. There were times when you would be happy to spend $1500 on a course that would teach you the ins and outs of the forex trading business. That was when there were no robots and the business was to be carried on in the general way. The very traditional forex trading methods are very complex and you need serious training before actually entering into the business. You may even need to attend many courses and learn the techniques of the business before you can put your money into it. Now you do not need to know all this as even an ordinary person can make money from forex trading just by using the forex robots that are designed to handle the trading for you. They are automated software that need to be uploaded and from there on they will take over and you can just sit back and enjoy.

Making Money with Forex Robots

You can easily make your money double in a week and sometimes even in less time if the market favors you and you have selected the right robot. Remember that there are a lot of scams. You must be clever and must make a good research before you invest your money with one of these software. There are many fakes, scams and many are pretty good. You should read all about the robot and must select the best one for you.

What these robots do is that they read the currency trends for you. they need to be uploaded into your Metatrader chart and then they just take on. They help you by making the very long story a very short story and they do the labor on your behalf. If you select the forex trading robot intelligently, there is no way that it will not help you to make profits from this business.

The other reason why you will earn money with these forex robots is that they always rely on logic. Unlike humans, they do not do the emotional trading and do not get you into serious trouble. You can always choose to do the emotional things not trusting the logic but the forex robots will never do that. They will always use the facts and will trust the logic and will work accordingly.

All in all, forex robots are a sure way to make money if you can avoid the scam robots and can chose the right one for you. it takes away the human labor and reads the market trends for you, uses the logic and helps you to gain the profit from the forex trading.

Making Money with Forex Robots