Japenese Candlesticks Charting, Analysis & Trading by Irwin Porter

Japenese Candlesticks Charting, Analysis & Trading by Irwin Porter

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Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Each “candlestick” typically shows one day; so for example a one-month chart may show the 20 trading days as 20 “candlesticks”.

It is like a combination of line-chart and a bar-chart: each bar represents all four important pieces of information for that day: the open, the close, the high and the low.

Candlestick charts are most often used in technical analysis of equity and currency price patterns. They appear superficially similar to box plots, but are unrelated.

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