Forex encyclopedia

For a beginner, learning Candlestick charting can be a daunting task with so many formations to remember. But, in reality, a trader can can dismiss all of continuation formations as well as many reversal ones. These days, any trader can rely on just four Candlestick Reversal Formations to survive the market. The four of them are: 1. Harami or Inside Bar In this formation, the current candle/bar open and close within, or enclosed by, previous candle range, as shown by the following picture:
Popular article: Wolfe Waves Indicator
Wolfe Waves – one of the numerous methods for market analysis. The method based on Wolfe Waves does not imply indicator, it uses wave analysis. An author of strategy is a professional trader and analyst Bill Wolfe. The difference of analysis based on Wolfe Waves from Elliot Wave Theory is that analysis is made on the spot, because marking is not required on high or low time-frames.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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