The Commodity Futures Trading Commission (CFTC) has witnessed increasing numbers, and a growing complexity, of financial investment opportunities in recent years, including a sharp rise in foreign currency (forex) trading scams. A federal law enacted in December 2000, called the Commodity Futures Modernization Act of 2000 (CFMA), makes clear that the Commission has the jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or... Next >>
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Practical course for beginners
SOME WORDS ABOUT THE TREND
I believe that everybody heard such a saying as the trend is my friend. Many of us also had met in Internet and books different opinions as to the sence of this saying.
Well, what is the real meaning of it afterall?
The real meaning and idea of the saying is a simple and clear demand: Trade in the direction of the trend and ignore trading signals directed against the current trend.
Friendly trend would remain friend... Next >>
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Gaps and Gap Analysis
Have you ever wondered what causes gaps in price charts and what they mean? Well, you've come to the right place. Just in case, a gap is an area on a price chart in which there were no trades. Normally this occurs between the close of the market on one day and the next day's open. Lot's of things can cause this, such as an earnings report coming out after the stock market has closed for the day. If the earnings were significantly higher than expected, many investors might ... Next >>
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Candlestick Bearish Reversal Patterns
There are dozens of bearish reversal patterns. I have elected to narrow the field by selecting a few of the most popular patterns for detailed explanations. For a complete list of bearish and bullish reversal patterns, see Greg Morris' book, Candlestick Charting Explained. Below are some of the key bearish reversal patterns, with the number of candlesticks required in parentheses.
Bearish Abandoned Baby (3)
Engulfing, Bearish (2)
Harami, Bearish (2)
... Next >>
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Candlestick Bullish Reversal Patterns
There are dozens of bullish reversal candlestick patterns. I have elected to narrow the field by selecting the most popular for detailed explanations. Below are some of the key bullish reversal patterns with the number of candlesticks required in parentheses.
Bullish Engulfing (2)
Piercing Pattern (2)
Bullish Harami (2)
Hammer (1)
Inverted Hammer (1)
Morning Star (3)
Bullish Abandoned Baby (3)
The hammer and inverted hammer were covered in the ar... Next >>
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