Forex Candlesticks Patterns are one of the most commonly used indicators on forex charts. However when a trader starts doing more research, they come across 100's of patterns and most of them are left confused on which one is the most reliable and which ones should be discarded. (More...)

In the 1700s a Japanese man named Homma, a trader in the futures market, developed a method of technical analysis to analyze the price of rice contracts known as candlestick charting. Candlestick charts display the high, low, open, and close for a commodity each day over a specified period of time in a format similar to a bar chart but in a manner that maximizes the relationship between the opening and closing prices. (More...)

Whilst the simplest candlestick patterns can be successfully recognized by virtually any trader regardless of experience, there are some more advanced patterns which require a bit more skill to successfully identify and often these patterns can lead to excellent profits when interpreted correctly. Often these patterns can contain three or more candlesticks and they must contain very specific characteristics in order to work correctly. (More...)

Candlestick patterns have been used for hundreds of years to predict and plan things from rice demand in Japan to financial securities in the Western world. Due to its longevity in the world of business and finance, candlestick patterns are often one of the first things that traders learn to utilize. However, a basic knowledge of these formations may not be enough for many traders to use them to bring about successful results. (More...)