The life of being a Forex Trader can be very boring and the worst part is it's very exhausting or stressful. If you intend to become a Trader, you must have the determination to succeed or you will simply end-up losing a lot of money. Read through various Books and participate of Forum Communities. I'm sure that you will have a good start and minimize the risk of losing huge amount of your capital.
I have been previously discussing about Candlestick Patterns which is one of the basic and important aspect that every Trader should try to learn and fully understand. On this post, we are going to deal with the Morning Star. This is a type of Candlestick Pattern that provides you an early signal for the Bullish Reversal.
The Morning Star Candlestick Pattern composes of three candles. The first candle should be tall composing of a bearish Real Body. The second one can either have a Bearish or Bullish body that gaps below the first candle. The third candle must have a Bullish body that closes at least 50 percent from the body of the first previous candle.
On some information that you may come across, they may say that there must be a gap between the candles. However, it is still considered as valid even there is no gap because intraday Forex candles doesn't always make a gap. You may still count them as a Morning Star.
I have been previously discussing about Candlestick Patterns which is one of the basic and important aspect that every Trader should try to learn and fully understand. On this post, we are going to deal with the Morning Star. This is a type of Candlestick Pattern that provides you an early signal for the Bullish Reversal.
The Morning Star Candlestick Pattern composes of three candles. The first candle should be tall composing of a bearish Real Body. The second one can either have a Bearish or Bullish body that gaps below the first candle. The third candle must have a Bullish body that closes at least 50 percent from the body of the first previous candle.
On some information that you may come across, they may say that there must be a gap between the candles. However, it is still considered as valid even there is no gap because intraday Forex candles doesn't always make a gap. You may still count them as a Morning Star.
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