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If you are serious about trading on the Forex market, then you will spend the majority of your time pouring over a lot of data, most of it won’t make any sense. However over time you may start to notice different patterns. The candlestick as a way of measuring patterns was invented in Japan over 500 years ago, and the fact it is still in use today is a testament to its reliability. There are a number of different forex candlestick patterns that you can use and in this article I am going to highlight a few of them. It is worth looking into each of the different candle stick patterns if you are looking to take Forex trading seriously, after all, the more tools you have at your disposal, the better you will be able to read the market.
The Spinning Top is a pattern that you should be keeping your eye out for. This is formed by a relatively stable opening and closing price, however the highest and lowest prices for that particular time period extend far in either direction. If this ‘Spinning Top’ candlestick appears during a up trend then you will probably want to buy fairly soon, if it forms during a down trend then you will probably want to sell.

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Reveal The Forex Mystery With CANDLESTICK PATTERN RECOGNIZER!This 28-page ebook covers all you need to know about candlestick patterns to trade them profitably. Candlestick indicator is telling you what the market is doing right now. When used in conjunction with standard technical indicators, you get an ultimate trading system.

Once a trader becomes familiar with candlestick charting, he can get a quick and highly visual signal because of the story candlesticks tell. The psychology of the market results in simple patterns we can read.
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