Best Forex Signals
I'm here to give you my best forex signals, that I use everyday to help improve my trading. These have served me well over the years, giving me the chance to take advantage of trends.
I do all my analysis in candlestick graphs. You just need to understand the basics of that type of graph. There is a body and a vertical line known as a shadow. The body has two different colors, red or green. Red means the currency went down in price, green means the currency went up in price. This is pretty straight forward.
Spinning Tops
When you're looking at the graph, you should be able to identify a candlestick with a small body and long upper and lower shadows. The color doesn't matter in this case. The long upper and lower shadows means there are a lot of buyers and sellers. But since the body is small, there has been really no trend to report. Basically the currency is stuck in a neutral point. You can identify the trend though. If the currency has been in an upward direction, but now has reached a spinning top, this means the trend is probably over and the currency will fall. Conversely, if the currency has been doing in a downward direction and is now experiencing a spinning top, it's probably heading back up again.
Doji
This is very similar to the spinning tops, but in this case, there is no body (or next to nothing). You don't have to worry about the shadow in this scenario. This is pretty easy for determining a direction. If you follow the currency and it was previously green and now it's in a doji, you can predict that the currency is going down. If the followed the currency and it was previously red and now it's a doji, you know it's heading back up.
These are my best forex signals. You should use them for every trade to help yourself profit.
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Source: http://ezinearticles.com/
Added: May 15, 2008