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Reading Candlestick Charts Like A Professional


Candlestick patterns are used by each and every kind of trader. Day trading and swing trading utilize candlesticks as a way to read chart patterns quickly and efficiently, while getting the same data offered by bar and HLOC charts. Professional traders love candlesticks because they can be read much quicker than a bar chart, while also allowing a different kind of technical analysis known as candlestick reading.

Modify for Your Style

Your trading style has much to do with whether or not candlesticks can become a part of your everyday trading technique. Developing a trading plan around candlesticks can be difficult, and thus, it is best to use candlesticks to supplement an already complete trading plan. There are many trading seminars put on by professional traders to study the key to candlestick investing and why chart patterns exist.

Candlesticks are just one of many tools to make consistent profits. Just as Japanese traders have used for hundreds of years, candlesticks can show chart patterns before they happen. For example, a large wick with a small downward body at the end indicates indecision, or that the market may be ready for a reversal. It would be hard even for a professional trader to see this without the graphical display that candlesticks give to an investor.

Use Your Own Plan

Investing is difficult enough without the use of candlesticks. Many traders prefer to use their own basic trading plan and then incorporate candlestick chart patterns as a confirmation. The day trader prefers these candlestick chart patterns because scalping and other short term positions have very small windows of opportunity. Candlesticks let you read and comprehend more data in less time.

A complete trading plan should allow for some candlestick patterns and other chart formations. A well worked strategy can handle the addition of a candlestick confirmation, while less complex strategies might not be diverse enough to accompany candlesticks. Many profitable trading strategies use a mix of both, straight technical analysis mixed with candlestick reading to produce consistent profits.

Use a Planner

A trading plan planner will help you throw in a mix of candlesticks without overdoing your strategy with too many variables. For the most part, a candlestick chart is just like a bar chart, but is also its own technical indicator. For instance, a small cross-like candlestick often means the bottom or the top of a chart, thus buying or selling should ensue depending on current momentum.


Source by Leroy Rushing

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Online Stock Trading Review


Online trading is the paperless method of trading stocks and shares interactively through brokers who work at internet platforms and trade shares for their customers. Online trading is fast paced and more visible to the buyer than offline trade of shares and stocks. Trading is done at all hours of the day on a global scale.

When you trade or invest in equities derivatives or commodities using the internet you are trading online. An internet enabled PC is required for online trading and these come with inherent risks. With the many identity thieves on the prowl it is important that the trader has firewalls anti virus anti spy and registry cleaning software in place.

The brokers will link their online trading terminals to your account. If your details are open to view it is easy for internet hackers to use these details. You are dealing with a volatile market that presents a bewildering array of possibilities. Psychologically you need to exercise caution and the determination to buy and sell only after examining all the facts and options.

Patience is a virtue and a calm detached attitude towards a volatile market will help you stay within the budget. You should expect the unexpected and have a plan in place to mitigate the inherent risks that are natural fallout of online trade.

You need to access the website of an online stockbroker and place orders through the PC after paying the fees charged by the broker. You must look for a broker who charges affordable fees and gives all the services required by the trader.

The benefits of online trading are that the latest market movements are on the internet at all times and at your fingertips. You control the trade mechanism and you execute instant investments with instant confirmation. Trading is comfortable and convenient and can be done at the click of a mouse button in front of a PC in the comfort of home.

The concept of online trading involves using electronic means and the internet to trade in securities through an online broker. Online trading is the popular method of trading in this the internet dependent modern world.


Source by Serena Lewis

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Commodity Trading Using Charts


An important component of commodity futures trading is using charts and charting software. We get an interactive and visual representation of the price action data on a chart. This is very helpful in giving us the right signals when we want to take a trade.

How To Use Charts

A good trader will always use professional charting software that give him the right tools, and are comprehensive in nature. Good software will give the discerning trader the variety of tools he requires for his daily trades. Some of the different types of charts that can be viewed by such software are candlesticks, bar charts, and open-high-low-close charts. Traders can (and often do) view these charts in many different time frames starting from as low as one minute to monthly and yearly as well.

In fact, most traders work with at least two or more timeframes when they are trading to get confirmation of a trade in more than one time frame at a time. They put in the indicators they want to use and check the filter to see what commodities result as trade possibilities. The biggest additional benefit of having charting software is to be able to incorporate your own custom indicators and oscillators that you can use in different time frames. Some software’s even allow you to build your own indicators by programming them into the software yourself. This flexibility is what makes having software for charting so useful and worthwhile.

Advantages Of Using Them

For commodity future traders, charts are exceptionally useful in determining the trades that they will take. Having technical filters help you short-list the commodities which are currently showing a buy or a sell. You can tell much more easily whether a commodity is trending or not. Simple tools such as it moving above a moving average with very large volume expansion can give you the signal you are looking for to buy into a commodity. It also helps you determine what commodities are concluding their trends so you can sell them if you have any lots. The data itself is easily available and many vendors add it at little or no cost as a package deal when you decide to open a broking or trading account with them.

Essentially, charts tell you when a commodity is trending for you to enter into a trade, give you stop levels, help you decide on a target for your trade, and give you an indication when the trend may be ending. Now, if these are not things worth having, then what are? Some comprehensive and popular software includes names like Metastock, Tradestation, and Advanced Get.

A visual aid is always easier to understand, and offers you the scope of being much more detailed in your study of any commodity. That is why charts are now the industry standard, and will make things much more easy for you if you too use them. At the end, you have to remember that these tools can only help you indicate a buy or a sell, but it is you who has to take the call and decide what you want to do.


Source by David Rivera

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Amos Hostetter – World’s Best Traders Learned From Him


Amos Hostetter was the founder of Commodities Corporation. Located in Princeton, N.J., it became one of the most successful and influential trading entities ever. Ultimately, Goldman Sachs bought it out in 1997, so it is no more. This is where many of today’s best traders learned their craft. The list includes Ed Seykota, Michael Marcus, Bruce Kovner, Paul Tudor Jones, Louis Bacon, and others. These are some of the most successful and best traders the world has ever known.

Hostetter was a brilliant trader with rock solid trading principles. His success was astonishing up until his untimely death in 1977. I am going to share with you some of the reasons why he was so successful. What was his method? What were some of the main trading principles he implemented to get such superb trading results?

Trend following was the method that Hostetter implemented to achieve his amazing trading results. In my opinion, trend following is the most successful trading method. You can profit in up or down markets. There is no guesswork in your trading decisions. It does an excellent job of letting profits run, cutting losses short, and much more. I have been implementing the method of trend following for many years, and I will say its works exceptionally well.

To be successful trading the markets you need to follow principles that have been proven successful over a long time. Here are some of the principles Hostetter followed to amass a fortune trading the various markets.

Hostetter, a trend follower, said it is important to find a long term trend and ride it up. Stay with the trend until clear technical evidence tells you it is over. Patience is a key trait shared by most of the world’s best traders.

Money management is crucial. Hostetter believed in using stop loss orders to keep a loss small, if the market moved against him. He would also implement trailing stop losses to protect his profit as the market advanced in his favor. Stop loss orders are an excellent tool which I use on virtually every trade I make.

Hostetter believed that observation of the market gives the best tips of all. He said to follow your experience to exploit them, while only sticking to facts. It is important to do your own analysis and research. Become proficient at technical analysis. Learn the proven chart patterns, and analyze their price and volume action.

The keys to successful trading are to find a successful method that fits your personality. Trend following was perfect for Hostetter. Couple that with sound money management. Hostetter said to take care of your losses and the profits will take care of themselves. No truer words have ever been spoken in the world of trading. The world’s best traders know this well.


Source by Gary E Kerkow

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The Role of Brokers in Forex Trading


Internet has created an opportunity for the common people to engage in forex trading. Technology has enabled the people to access forex trading brokers and get any trading help.

Online trading has opened new ventures to individuals who are interested in forex exchange. In the past days, it was only brokers and financial institutions which engaged in this kind of trading.

The brokers are a resourceful lot when you want to know the technicalities of forex exchange. As you seek their services, you should also remember that this is a business investment since you must be prepared to pay for the services.

Forex trading brokers make money by using forex spreads. The brokers increase bid prices by a certain pips so making you to pay in advance. It also means that the trading is not carried out at the real price. At this moment, the currency pair price is lower.

When a broker makes only a slight addition, the forex spread is considered to be low. This is what everyone would want the broker to provide. They also urge the traders to go for trading with high leverage.

While using this system, it is possible to have control over larger trades. You can make minimal investment and control trade worth thousands of dollars. This can make you feel powerful but it is highly risky for beginners. It only takes a few minutes to be wiped out.

Forex trading brokers try their best to make transform beginners to good traders. This is because they earn more when traders make long time investments.


Source by Timothy Stevens

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Block Chain Technology Might Be the Next Big Thing in Food


When we plan our editorial calendar, we try to reference the timelines of big events in our industry, so that our coverage is timely.

So, upon planning the May 2018 issue and seeing that the FSMA’s Sanitary Transportation of Food (STF) rule would be going into effect for small and md-size businesses the month prior, it seemed to me that the STF would likely be something individuals in the industry would want to know more about.

What I didn’t plan for a year ago is how much the experts in this field would want to talk about blockchain technology. It seems that in the past few months I’ve received an e-mail with the word blockchain in it at least once a week. While not quite as ubiquitous as the phrase Internet of Things, it’s definitely the new buzzword.

I don’t have a pithy way of describing blockchain technology yet, as I did for IoT-I used to describe it as your toaster having a Facebook page and posting status updates to your fridge. The best I can do now is to quote other definitions, which describe it as a digital, distributed ledger.

When I started interviewing people for the STF article and blockchain kept coming up, I was really only familiar with it in terms of Bitcoin, which uses the technology to fuel the cryptocurrency payment system. To get a better handle on all of this, I went to the one person I know who owns Bitcoin-our office’s IT support admin. We had about an hour-long conversation about the trend, and when I talked about blockchain in terms of food safety, he got a spark in his eye and said, “Yep, I definitely can see how that would be useful.”

That’s the same enthusiasm I was met with when interviewing a number of the experts about blockchain technology being applied to ensure food safety in the entire supply chain. Experts are envisioning this as unlocking the capability of a true end-to-end communication and verification food safety tool, used throughout the supply chain from grower to retailer, making all the information visible by all parties.

Blockchain is just one of the transformative technologies to watch in the next few years. Some of the others are artificial intelligence and mixed (virtual and augmented) realities, which are both especially useful in the context of plant operations.

If you’re thinking, “Yeah, these concepts are not all that new,” I hear you, but what could change the game is the sophistication of the technologies and how they are going to be applied and used in the modern manufacturing facility.

Also, one other important factor to consider is this-5G is coming soon, and that could open up a lot of opportunity in connecting people, tools and equipment.


Source by Vijay S

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What to Do If Your Downloads Are Taking Too Long


Slow downloads are not only annoying but can also cost you a lot of time and effort. Fortunately, there’s a very simple way to fix this problem which even a beginner can do. Here are the steps you should take to fix the slow downloads on your computer:

Step 1 – Check Internet Speed – The speed of your Internet connection is essential if you want fast downloads. Nowadays, a typical broadband connection is considered fast if it’s over 1mb/s in speed. This basically means that the connection has the ability to download files at 100kb/s (the download speed is 1/10th of your overall connection speed). To test what speed you’re getting to your computer, you should Google “Broadband Speed Test” and then click on the first link. Run the test on the website and if it’s below your expectations, you should contact your Internet provider.

Step 2 – Check Download Server Speed – If your connection is okay, the problem might lie in the “server” speed” of the download server. Whenever you download a program off the Internet, you PC is basically connecting to another PC (called a ‘server’) and downloading a series of files from that. If the Internet connection of the other PC is poor then your downloads are going to be very slow. This is a problem which cannot be fixed but you can try and avoid it by using another download server. You’ll have to Google the file name you want and it should show you some different servers (known as “mirrors”).

Step 3 – Clean Out The Registry – One of the biggest causes of slow downloads is actually thanks to Windows itself. Many computers end up making their downloads run slow because the settings inside them are unable to be read quickly or smoothly. This is a problem which even the most advanced of Windows systems cannot avoid and is where your computer will actually save many of its most important settings in the wrong way, corrupting & damaging them. This will make them unable to be read – which means that when you PC wants to download a file and it needs to read a series of settings to do that, it will end up taking a lot longer than normal.

Most slow downloads can be fixed by cleaning out the ‘registry’. The registry is where all the settings for your PC are kept, and is where Windows looks for a series of ‘download settings’ each time you want to download a file. These settings show Windows how to download files at the fastest rate possible, and its vital that they are in the correct standing. To clean out the registry, you can use a ‘registry cleaner’ which is a software application that scans through all the settings on your PC and fixes them.


Source by James Henry Johnson

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Why Personal Finance Software Is Important


Why personal finance software is important

These days, technology has really revolutionized people’s way of life, including their financial life. Back in the day, most people used a pen and paper to document their earnings, spending, and finances.

What is personal finance software?

Home finance software refers to a financial tool that enables you to prepare a budget, track your expenses, and check your overall finances. These days, there is no valid reason why you should be disorganized and mired in debt because there are many good personal finance programs that you can use to keep track of your money, plan your future, and completely control your finances. If you have a PC or laptop, you are lucky because you can easily find good home finance software at little cost. Application programmers have now catered for the high demand for these applications as they now come with all sorts of functions and capabilities that can save your money, time and effort.


You can now analyze your finances unaided. However, this kind of analysis can be much easier if you have some accounting background. Finance software will analyze your important financial details. Details such as your monthly expenses will stick out. Many personal finance applications also allow personalization. If there is one particular aspect you want to know about your finances, you can simply create a specialized analysis. Many personal finance programs can also give you a monthly analysis-an excellent way to see how you actually spend your money on a monthly basis.

Budget creation

We all know the importance of a personal budget. But creating a real budget that you’ll stick to is easier said than done. You can find a personal finance application that creates a realistic budget for you. Simply enter your basic information into the software and quickly create a simple budget.

Checkbook balances and bill payments

Sometimes you’ll fail to pay bills on time. When it happens, interest rates are more than likely to shoot up. Fortunately, you can avoid this mistake once and for all. Look for a personal finance application that’ll remind you when to pay your bills. Likewise, you can accomplish balancing your checkbook by just ticking a box. Sum up any amounts withdrawn from your account and check carefully anything that seems suspicious. Once you have everything on record, it becomes much easier to know how your finances are faring.

Trust yourself and no one else

When it comes to finances, it is best to keep track of all you have carefully. You may trust your finances with your financial adviser, but it is still important to know where every cent is at, always. With a personal finance application, your money will never be far away from you. Whether you are paying bills, balancing your checkbook, tracking your paycheck, or creating a personal budget, you should not live without personal finance software.


Source by John C Watson

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How to Cut 3 Pounds in an Hour Before a Wrestling Match


Amateur wrestling, high school and college, coupled being an extremely physical strength and skill dependent sport, is a game of weight. To posses the strength of a 160 pound person, but physically confront, by wrestling, a person with the strength of a 145 pound person, by dropping weight in order to equal your opponent, is normal practice. There's nothing illegal about it, we're not talking steroids or some physical enhancement drug. We're talking controlling your body to reach goals your mind has set.

Beside, there is a science to dropping weight. Do it incorrectly or too quickly and you will not only lose your advantage, you'll give your opponent a huge advantage by dehydrating and losing strength. You'll enter the match tired and sluggish, the exact opposite effect you were chasing for.

Let's get one thing straight before we begin, you can not lose 3 lbs of body fat in 1 hour, not unless you cut an appendage off and that's not an option. However, you can lose 3 lbs of overall body weight by losing water weight. Remember Biology 101, the body could be considered of 75% water, depending on the person's physical make up. The fatter the person the greater the difference in water weight than a muscular person, for example.

So what we are really trying to do is rid the body of water (fluid), which will translate into less body weight. So how do we safely do this?

The first matter we must address is our diet, and I'm not talking just eating healthy, I'm talking eating sodium free. Salt, is the number one reason a healthy person retains water. There are other health reasons which cause the retention of water, but those who do not apply in our case.

Therefore, if we eliminate as much salt from the body as possible, the body's resistance to losing fluid decreases making it easier to pass water weight through perspiration.

Perspiration if you recall, is the body's natural function to cool itself when temperatures rise above normal. Therefore, we must create heat to raise the body's temperature and force it to cool itself by perspiring.

There are probably many different methods, some complex such as water pills which causes a person to continuously urinate, to rid the body of fluid, but we'll use an old tried and true method. Sweating.

Dress yourself in warm clothing such as sweat shirts and sweat pants. You notice I use the plural form of shirts and pants because you will put on layers of these clothes, at least two layers and three if possible.

Be sure to wear a hat of some sort, preferably a winter sock hat, as the body gets rid of a tremendous amount of heat through the head. We do not want that to occur in this situation. We want to retain as much internal heat as possible.

Exercise vigorously for at least 10 minutes. This can be jogging, either in place or around the gym, jumping jacks, whatever ever you find comfortable, but which will work up a good sweat.

After creating a good sweat, lay down and have someone wrap you in a blanket or wrestling mat. This will cause the body temperature to remain high after exercising, which will continue to extract fluid through perspiration.

After 20 minutes, unclothe and weigh in. You most likely have lost more than three pounds, but if not, you still have time to redress, with dry clothes, and repeat the procedure.

As with any drastic or sudden body change, there are arguments associated with this procedure. Never perform this procedure alone. Always have a coach or an wrestler with quick access to the coach, with you at all times. After making weight, re-hydrate with drinks such as Gatorade which are high in electrolytes.


Source by Jim Bain