![]() Sydney, Tokyo, London, and New York session. (b) FOREX TRADING SESSION: The forex market has four major trading sessions. (a) CANDLESTICK PATTERN: candlestick patterns are used by many professional traders in the market, traders wait for the candles to form for trade confirmations you can download the candlestick trading bible here to read more about it. NOTE: all these work together to give a good a clear market prediction and trend direction. “it's like discovering Facebook for the first time when all your friends are already on Tiktok’’. Let me explain further with an example I found on. (2) In all my years of trading I have come to understand that all indicators they sell to you are lagging indicators, they are late in their trend confirmations. traders take many months, even years, but cannot find it.). ![]() ![]() (1) There is no such thing as the holy grail in the forex market (This is what traders call a successful trading strategy, which gives profitable trades all the time. Trading the forex market can be confusing and intimidating for a beginner with little knowledge on how the market works, today there are thousands of forex indicators that will promise you heaven on earth and this has misled many ignorant traders to believe that with these indicators they will never lose a trade ever again.īefore I mention the five principles of the forex market let me first kill your sacred cows on the forex matter.
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