Merchant Union The Most Known Candlestick Forex Trading

Merchant Union The Most Known Candlestick Forex Trading

Candlestick charts are claimed to be the oldest type of charts used for price prediction. It all started around 1700s, when Munehisa Homma in Japan became a legendary rice trader for predicting rice prices using Candlestick Charts.

Candlestick chart patterns are exceedingly popular in forex trading because of their dynamic features and versatility. On all charts, users can toggle between line, bar and candlestick chart view. Candlestick Charts are usually very colorful charts as compared to conventional charts. Different colors are used to indicate different nature of price movement. Four prices are of utmost importance in constructing the Candlestick Chart- High, Low, Open, and Close.

Each candle consists of two parts: the body and the shadows. The body reflects the open and closing price for the certain period. If the candle body is black the close price is below the open, and white if the close is higher than the open for the period.

On the other hand, candlestick shadows reflect the intra-period high and low prices of forex in a market. In candlestick charting the periods used are 5 minutes, 15 minutes, 1 hour, daily and weekly. A long shadow reflects that the trading extended well beyond the opening or closing price, while a short shadow, shows that trading was confined closely to the open or closing price.

Each element in a candlestick pattern in forex predicts certain trends. Long white candlesticks predict strong buying pressure. The longer the white candlestick, the further the close is above the open. This indicates that prices advanced significantly from open to close and forex buyers were aggressive.

There are various patterns of candlesticks charts, which are employed in forex. Doji, for example is a candlesticks pattern that is generated when the body of the candle is minimal as market's open and close are virtually equal. There are others like Hammer, Inverted hammer, Gravestone, Shooting star, Three white soldiers, Three black crows, Marubozu Black and White and many more. These candlesticks do not have upper or lower shadows and the high and low are represented by the open or close.

Candlestick charts are much more visually appealing than any other two dimensional bar charts used in forex prediction. They convey market price information in a quicker and easier manner. Candlestick Chart became famous and acceptable to the forex traders by its amazing success story initially in the commodity market.

If you think that the candlestick charts are difficult to comprehend you are wrong. All you would need is to learn the means of represent ting the charts in the forex market. Few tips for candlestick charts and their interpretation inthe forex market can be:

A Black Candlestick -- when the close is lower than the open.

A White Candlestick -- when the close is higher than the open.

A Shaven Head -- a candlestick with no upper shadow.

A Shaven Bottom -- a candlestick with no lower shadow.

A Spinning Tops -- an equilibrium between the bulls and the bears (either white or black).

A Doji Line – a very close Open and Close

Some of the benefits of candlesticks in forex are:

Ease of reading – as the charts are composed of four price readings: open, high, low, close.


Not only shows the direction of a trend, also shows the strength of a move in a particular time frame.


Can be used in conjunction with other technical indicators.


Provides the earlier reversal signals. 

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What Is Your Best Forex Trading Platforms?

What Is Your  Best Forex Trading Platforms?

Forex trading platforms are software through which online brokers and investors can perform daily forex trading from anywhere around the world.

New age forex tradingplatforms offer you advanced, unique features that can actually change the way one used to perceive online trading. The best forex trading platform presents the blend of functional usage combined with ease of use.

The best forex trading platform will be designed to help the investor in executing the trading most effectively by employing strategies to maximize the return. Most of the forex trading platforms are powered with unique analysis and strategy-testing features to test all buy and sell rules.

With a click of your mouse you can access strategy performance reports with simulated results like profit versus loss, annual rate of return, etc. Based on them you can modify your trading strategies without incurring losses.

The best forex trading platform always comes with fully automated real-time online streaming data from the market to take the advantage of the liquidity of the market. The best forex trading platform connects your monitor to the markets.

This also ensures that you get the execution prices on every order type available without any slippage. The best forex trading platform should provide the robust backbone to handle transaction of heavy data and information traffic.

The best forex trading platform must offer more than one type of account like standard, institutional or mini. The platform should come with different operating packages like Flash, Java, or WAP. These software provide firewall protection to maintain the security and integrity of your trading.

You can perform your trading from home, office, laptop on the go or even from an internet café with equal ease. The best forex trading platform will facilitate you to use the system without downloading any program, which presents perfect mobility to the traders or investors.

The best forex trading platform should offer:

Tight spread on all major currency pairs with cutting-edge trading technology
Quick execution with unlimited transaction amount
No slippages and no requites
Constant margin requirements in all volatile market condition
Multiple real-time charts and other technical analysis based predictions with maximum visual representation
Flexibility of placing complex orders including contingency orders
Real time margin and position monitoring.
Technical analysis for all demo and live accounts
Authentic market news and economic calendar
Performance, Security, Simplicity and Transparency
Trading history and print out any reports

With advanced mobile forex trading platforms, you can operate when you are away from your computer. Therefore the best forex-trading platform with facilities of mobile trading enables you access and trade your forex account from anywhere with your mobile phone.

These platforms come with easy to use interface, where you can easily move from one screen to the next. You can place market and contingent orders with simple steps and can have full reports including execution and open order.

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Autor: Guest 


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Your Best Known Accurate Forex Signals

Your Best Known Accurate Forex Signals

Serious forex traders around the world need accurate forex signals beside technical and fundamental analysis for a disciplined and rewarding trading. With accurate forex signals based on research and market study, forex tradersshould be ready to apply their analysis, and experience for maximizing the return on investment.

Accurate forex trading signalsare indicators of trends in the forex market. Indicators like breakouts, support and resistance levels, envelope patterns, currency pairs near moving averages, oscillators, Fibonacci levels, help the forex traders to decide on a profitable entry into the market.

Accurate forex signals are selling and buying recommendations, which you can receive from independent service providers for a small subscription. Your forex broker can offer the signals for free as an add on service.

Accurate forex signals comprise of signals, tips, and trends and in most of the cases offered daily. Accurate forex signals are entirely based on fundamental and technical analysis of the market and not on speculations or rumors.

Accurate forex signals are free from the traders’ emotion. Signals follow certain patterns following the market trends and various forces of demand and supply of currencies and therefore mechanical in nature.

They are best for traders who cannot watch the market round the clock. As the accurate forex signal services monitor and analyze the market and send their findings directly to you, either by email or sms, you can take action the moment you receive a signal.

Using a variety of technical studies the accurate forex signals are generated. For example, SMA or Simple Moving Average and MACD or Moving Average Convergence Divergence studies indicate buy signals when currency prices rise over the average line.

Accordingly, sell signals occur when the price falls below the moving average line. Some accurate forex signal services offer volume indicators that can determine market interest. For example, Bollinger Bands indicate sharp price changes in the market.

The best and accurate forex signal service will be the one that uses more than one indicator to form the signal. Many such indicators together will form a reliable source of information. But it must be remembered, the signals can never be 100% accurate.

They work as very good advice guiding the trader on currencies to trade, but can never guarantee the return it predicted. You must always ask for the track record to show the past performances of a forex signal service.

Accurate forex trade signals software application sends alerts in real time. It generates entry and exit points for major currency pairs on the basis of market parameters. This works as a perfect tool and ideal solution for tradersto strengthen their. These signals are easy to understand and use.

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Three Trusted And Profitable Technical Indicators for Stock Trading

When a stock trader is scanning for a trade to enter there are several methods they use to determine the probability of the trade. These methods are technical indicators. Stock traders depend on technical indicators to help them identify a high probability trade for greater profit potential. What are the best technical indicators to use? It depends on your style of trading. A stock trader may try out a few technical indicators, then decide it is not exactly what they were looking for, and try other technical indicators, until they find several that work for their trading strategy. Following are three technical indicators to consider:

• Support and resistance

• Stochastics
• Moving averages

Support and resistance is a guide for entry and exit areas in a stock. The trader is looking at the closest area of support or closest area of resistance to determine if it is a good stock to trade short or long. This is based on the area between the current price and the area of strength or resistance based on whether you are looking at entering the trade short or long. If the difference between the current area of strength or resistance is great enough, then it proves there is enough profit potential to consider entering at that point. If the difference is not great enough then it is a good idea to move on. Before you move on to look for other trades, you will want to set an alert to let you know when the stock moves to a certain area where it would provide a good profit potential upon a reversal.

Stochastics is a technical indicator that compares the stock’s price to its price range or a certain period. The thought process behind stochastics is in an upward-trending market the stock’s price usually closes at or near the high. During a downward trending market, the stock’s price usually closes at or near the low. When using the stochastic indicator it is important to notice if the stock is overbought or oversold. If the stochastic indicator is around the 80% area, it means the stock is overbought and you should be looking to enter as a short. If the stochastic indicator is around the 20% area it means the stock is oversold and you should be looking to enter the trade as a long.

Moving averages helps the stock trader notice a change in the current trend of the stock. Moving averages measure buying and selling pressure making a clearer picture for the stock trader to decide if it is a high probability trade. There are benefits using moving averages for short term trading. When the short-term moving average moves above the long term moving average it is a sign to enter a trade long. When the short-term moving average moves below the long term, moving it is a sign to enter a trade short.

While there are many technical indicators to use to better your winning percentages of stock trades, it is important to understand that whichever technical indicators you decide to use, they are an advantage to present high probability stock trades. This allows the stock trader to achieve his or her goals of making profits.


Source: Three Technical Indicators for Stock Trading 
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Forex - Union Exchange Brokers

 Forex - Union Exchange Brokers

Forex or Foreign Exchange is all about exchange of currencies of one country to the others’. It is about investing money in foreign currencies to gain profit by selling it at a higher price. Till few years back, currency trading was limited to large banks and financial institutions and they had access to the tools and methods to trade Forex. 

However, because of the recent development of efficient online platforms and communication technology, individual traders can trade or invest in Forex. Forex brokers, conventional and online, works as the useful link between the investor and the market.

In this internet era, forex foreign exchange brokers are 24-hour online service providers who offer a secure online trading experience for you either in exchange of a small subscription or a percentage of commission. Forex brokersare individuals or group of professionals and market experts who can help you in making profits in forex trading.

You can open a mini account with a small sum to learn the basic principles of the market and then can graduate to a standard account. Your foreign exchange broker must help you in understanding the market, what are the advantages and risk factors involved with the trading.

Your forex broker should be registered to Futures Commission Merchant regulated by the Commodity Futures Trading Commission or should be a member of the National Futures Association.

You will find many online directories on the net that offer information on forex foreign exchange brokers and professionals and their services. These directories will help you in finding the right forex broker with accurate information about their past record and performance.

A typical forex foreign exchange broker may offer you 2 pips spread on EUR/USD and USD/JPY and 3 pips for all other major currency pairs. The spread should be low as lower pips means lower costs and thus a higher return on every execution.

The online trading platform offered by the forex broker should guarantee execution prices on every order type available without any slippage. The forex broker must provide a fully executable streaming price feed. The trading platform should be user friendly and easy to operate.

These days the forex brokers offer their services through mobile networks. It is a beautiful combination of portability and functionality. You can operate yourforex trading through your mobile sets/PDA. With advanced technologies, it takes less memory space, offers increased stability, and robust security methods.

An ideal forex foreign exchange broker should offer

low Pips spread on all major currencies
instant execution even for large accounts
zero slippages and no requotes
constant margin requirements, even in volatile market situation
free real-time charts that are rich in functionality
stable and reliable dealing software
no or low commissions
extended technical analysis packages for free
free foreign currency exchange news and economic fundamental calendar
no negative balances - limited risk.

Before choosing the forex foreign exchange broker, do a proper research. Take help of the online sites offering comparison charts with pros and cons of the brokers and their services. Find out the spread they are offering is really the one you are getting while making actual trades. Ask for the past performances and enquire about the additional services they offer.

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Merchant Union Auto-Forex Trading Software

Merchant Union Auto-Forex Trading Software

Forex trading has gained tremendously in interest and popularity in recent years mostly due to the introduction of automatic and automated forex trading systems. The market that was open to banks and similar big financial institutions is now luring medium and even small investors.

Forex market is the place where currency of one country is traded for currency of another country. These trades happen round the clock with transactions of billions or perhaps trillion of dollars everyday, making it one of the largest and most active financial markets.

With the advent of the internet, network, communication technologies, and sophisticated automated forex trading systems, participating in the forex market is now open to virtually anyone having a computer, an internet connection, a forex brokerage account and a good trading platform.

But staying on top of a forex position requires constant monitoring, as this global market is practically open round the clock. Automatic and automated forex trading systems is a tool that lets you specify a currency, an asking price, and a selling price beforehand. With a small seed amount and with the help of a broker, your purchase and sell orders will be executed instantly.

An automatic and automated forex trading system allows you to benefit from the profitability of the forex market without having to become an expert in trading. In automated trading through managed accounts, the trading program or human experts executes the trades for you.

With a reliable auto trading platform, you are not required to do the actual trading yourself and therefore you save your time. And if you can watch the market constantly, you can mange multiple accounts from your trading platforms, simultaneously, which was never possible with manual trading.Automated forex trading systems present advantage of trading multiple systems and multiple markets.

An automatic and automated forex trading allow your trades to be made at any time of the day or night, regardless of your presence. You do not miss a single profitable trade even if you are not present in front of your computer terminal.

An automatic and automated forex trading helps you in taking advantage of multiple forex strategies and different systems. Because different systems are designed to be triggered by different trade indicators, you can diversify your investment as well as your risk.

An automatic and automated forex trading also eliminates human emotions and psychology that can often affect proper and profitable trading decisions. With an automatic and automated forex trading system, you will be capable of monitoring many currency pairs at a time and you can follow and execute all of them.

But, even with automatic forex trading systems, you will have to learn the basics of the forex trading, methods of fundamental and technical analysis, market indicators, etc. for enjoying consistent profits.

Just being automated, the trading system never guarantees you success as the market is influenced by many variables and parameters. The forex automated system is not just mechanical, but is fully programmable and you can customize them according to your needs.

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Automatic Trading Systems - Forex trading

Automatic Trading Systems - Forex trading 

Auto forex system trading is the perfect strategy for investors or brokers who either do not have time to watch the market closely or trying to diversify the portfolio. It is like having a professional to trade your account for you, taking care of your profits.

Automated forex trading systems replace the need for manually buying or selling the currencies. With auto forex system trading, you can continue to focus on your own trading strategies and can take benefits of other strategies as well.

Auto forex system trading can be of different types. The systems are based on software and algorithms to generate trading signals. Different automatedtrading platforms use varied software to generate the trading signals. You can run the system from your own desktop or can leave the trading completely to professionals through your managed accounts.

Auto forex system trading platform is configured to automatically open and close positions at specified parameters. As the forex markets in different countries operate in different time zones, the trading practically continues round the clock. With a managed account in your auto forex system trading, whenever a trade signal is generated, your order will be placed into your account while you are away working or sleeping.

Auto forex system trading is free of the traders’ emotion. As the operations are strictly software driven, you need to concentrate on the strategic decisions, which will be executed automatically. As the automated trading platforms have proper risk management features, your trades will be secured and safe.

Many online brokers offer auto forex system trading platforms for free. You can download the system in your desktop. For a subscription or with the spread, the online broker can manage your investment.

If you purchase an automated forex trading system, the vendor may offer you free trading alert services when you can receive signals whenever a trade is identified. In many trading platforms, your order can be placed automatically, whenever a signal is generated and, therefore, you never miss a trading opportunity and save your time as well.

To take the maximum advantage of the auto forex trading system, you need planning and self-preparation. Always determine beforehand how much of your trading capital you will risk. Work on a demo account for few months before choosing the automated trading platform.

You must also monitor how your accounts are doing on a regular basis. A successful auto forex trading system should be based on low leverage and multiple entry. Always ask for the history and record of past performance of the auto forex system trading platform. The trading platform should be simple enough for you to operate.

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