In this course, I am going to illustrate further on how to read and understand Candlestick Chart and the types of Candlestick formations. This is a follow up course to the Beginners Guide to Forex Trading. Its important that you go through that course before proceeding to this course.
By learning how to read and understand Candlestick, we eliminate the false concept which is perceived by many Candlestick Teachers or Traders that every candle needs to fit into a certain criteria. This is just simply not true and has many traders learning Candlesticks to believe that without seeing the perfect Candlestick that they cannot trade.
Instead I break it down into three main driving forces of the market shown by the candles and what they represent to us as traders.
Firstly, who has control more so than the other, whether bulls or bears and asking yourself this question in each and every candle.
Secondly, we focus on that control up to an indecision point that aligns with Major Structure or Supply & Demand Zones.
And thirdly we need to clarify which direction to take when at a major structure based on the candlestick, whether market will break below or break above the major structure?
Now, I urge all traders to learn this process in detail as it is the fundamental key to all trading when looking at Candles.
What are the Candles saying?
Are we at an Indecision point in Trend or Major Structure?
Are the Candles suggesting a change in Trend?
And, what is the potential profit?
So, if you want to take your candlestick trading to another level, just click take this course now and let’s get started learning about Japanese Candlesticks.
Best of luck with your trading and learning.
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Founder at BullishFX Consultancy. Entrepreneur, Technical Analyst, FX Mentor, Professional Forex Trader.
Effective and malleable human being. It all started by attending seminar after seminar, you know those free ones where they eventually ask you to enroll at the end. I started in 2013 when one of my friends introduced Bitcoin to me, he suggested I must look into it and see if its something I can do. After that I started doing my own research and studying on YouTube. I came to realize that Bitcoin was not my piece of cake. I ventured into Forex and started learning from scratch. I took several Forex Courses, enrolled to a lot of mentorship service, I was so determined that I will make it in Forex.
September 2016, I started trading Forex professionally, that was after 3 years of studying, learning and trying everything out there, I was making mistakes and was not making much money like what most retail traders do. I decided to start doing my own market research, determined that I would develop a trading strategy that would make me consistent in my trades. It was hard, I had to put in the work, hours and hours of chart analysis and technical analysis experimenting with a wide array of trading systems and methodologies none of which proved to be as consistent as I had hoped.
After all the above I discovered the trading method that changed my life, Institutional Supply & Demand, Institutional Orderflow (Smart Money Concepts).
I have created these courses to help anyone out there who would like to venture into this industry because I know how difficult it is to trade Forex. Am not going to promise you wealth overnight, however with hard work and commitment, Forex trading can drastically change your life like it did mine. I have created these courses as the first step to equip you with the knowledge to make a steady and comfortable living trading Forex.
I took a chance 8 years ago with Forex and it has carried me literally from nothing to something and still growing. Now I trade Forex for a living at BullishFX Consultancy, a company that I started in 2017, you can do anything you put your mind to!
