Salesman
in
UAE
Hello, I am Victor Mathew and am a part time trader.
Freunde
Fügen Sie Freunde über ihre Profile oder über die Suche hinzu, und Sie können mit ihnen kommunizieren und ihre Aktivität auf der Webseite verfolgen.
Victor Mathew
Japanese Candlestick Patterns
Japanese candlestick patterns are specific formations made by one or more candles that traders use to predict future price movement. These patterns were developed in Japan centuries ago and remain widely used today. Common patterns include the doji, hammer, engulfing pattern, and shooting star.
Example: A hammer pattern appears when a candle has a small body at the top and a long wick at the bottom. It suggests sellers pushed the price down but buyers stepped in and pushed it back up, which can signal a reversal to the upside.
Japanese candlestick patterns are specific formations made by one or more candles that traders use to predict future price movement. These patterns were developed in Japan centuries ago and remain widely used today. Common patterns include the doji, hammer, engulfing pattern, and shooting star.
Example: A hammer pattern appears when a candle has a small body at the top and a long wick at the bottom. It suggests sellers pushed the price down but buyers stepped in and pushed it back up, which can signal a reversal to the upside.
Victor Mathew
Bid and Ask Price
Every currency pair has two prices. The bid is the price at which the market will buy from you, meaning you sell at this price. The ask is the price at which the market will sell to you, meaning you buy at this price. The bid is always lower than the ask.
Example: If EUR/USD shows Bid: 1.0850 and Ask: 1.0852, you can buy at 1.0852 and sell at 1.0850. The difference between the two is the cost of the trade.
Every currency pair has two prices. The bid is the price at which the market will buy from you, meaning you sell at this price. The ask is the price at which the market will sell to you, meaning you buy at this price. The bid is always lower than the ask.
Example: If EUR/USD shows Bid: 1.0850 and Ask: 1.0852, you can buy at 1.0852 and sell at 1.0850. The difference between the two is the cost of the trade.