Forex Strategy: Learn To Read Candles Like A Book

The Trader's
Secret Code

Simple to learn
Suits any time frame
Large moves - little proportional risk

Each Forex candle tells a story. Using the battle ground analogy, ask yourself, "Are the bears in control or the bulls right now?"

Or perhaps after the bears took control and were unable to maintain the position it was because the number of sellers dried up.

Either way, the length of the Forex candle body and the length of the shadows, top and bottom, will give you a fair indication of whether the price move has momentum or whether it is running out of steam.

Learn to read Forex candles like a book and add it to your collection of technical indicators to get a deeper understanding of what is going on in the market.