How to analysis the currency trading candle stick pattern

Year on year, the forex market is getting popular. People from USA, Singapore, UK, Malaysia, Gulf countries, Europe, Australia and other countries consistently follow currency trading to make consistent returns on their investment. To analyse the market position, candle stick pattern is one of the best and reliable tools, it is easy to evaluate the price patterns.
Basically, you will see 4 points such as low, high, open and close values.

New trader may face problems while reading the Candlestick pattern. You need to watch the market consistently in order to understand the Forex as well as stock market.

The forex market is open and active 24 hours a day from the start of business hours on Monday morning in the Asia-Pacific time zone straight through to the Friday close of business hours in New York. At any given moment, depending on the time zone, dozens of global financial centers — such as Sydney, Tokyo, or London — are open, and currency trading desks in those financial centers are active in the market.

Factors that affect the forex market:

1. Central Bank policies
2. Individual traders
3. Interest rates
4. Inflation
5. Political updates
6. Industrial development
7. Economic performance
8. Terms of trade
9. Public Debt

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The Bullish & Bearish trend in Forex market

Forex market is all about currency trading and on average the volume is over $5 Trillion as of now. The forex market is largest and popular market in terms of size, individuals and organizations from all over the world traded on currency pairs. In order to start your trading business, the first step is to open an account with a broker. There are various platforms used for trading MT4 is one of the best platforms and preferred by most individuals. 

For beginners, it is critical to know about various terms to trade in the Forex. In this blog we are about to discussion "Bullish and Bearish trend".

Bullish trend: It is an  upward trend or upward moving. For example when the currency pairs is improving after previous day, it is bullish trend.

Bearish trend: It can be termed as downward trend or downward moving. For instance,  the decrements prices of stocks and currency pairs. 

In addition, there are so many terms including entry and exit time frame, leverage, volume spread analysis, fundamental and technical analysis that must be acknowledged by new traders. New trades must hire an expert in order to learn basics and to make consistent returns on startup investment. 

Charting terms and indicators

Resistance — a price level that may prompt a net increase of selling activity

Support — a price level that may prompt a net increase of buying activity

Breakout — the concept whereby prices forcefully penetrate an area of prior support or resistance, usually, but not always, accompanied by an increase in volume.

Trending — the phenomenon by which price movement tends to persist in one direction for an extended period of time.

Dead cat bounce — the phenomenon whereby a spectacular decline in the price of a stock is immediately followed by a moderate and temporary rise before resuming its downward movement.

List of major and minor currency pairs in Forex market

Forex is one of the largest market as compared to commodities, stocks and equities.
The market cap is over 2 trillion and it is highly competitive as well. There are currency pairs which are majorly traded in Forex market including:

EUR/USD	Euro/US dollar
USD/JPY	US dollar/Japanese yen
GBP/USD	British pound/US dollar
USD/CHF	US dollar/Swiss franc
USD/CAD	US dollar/Canadian dollar
AUD/USD	Australian dollar/US dollar
NZD/USD	Newzealand dollar/ US dollar

EUR/GBP	Euro Zone/United Kingdom
EUR/CHF	Euro Zone/Switzerland
EUR/CAD	Euro Zone/Canada
EUR/AUD	Euro Zone/Australia

EUR/TRY	Euro/Turkish Lira
USD/SEK	US Dollar/Swedish Krona
USD/NOK	US Dollar/Norwegian Krone
USD/DKK	US Dollar/Danish Krone
USD/ZAR	US Dollar/South African Rand
USD/HKD	US Dollar/Hong Kong Dollar

EUR/NZD	Euro Zone/New Zealand
EUR/JPY	Euro Zone/Japan
GBP/JPY	United Kingdom/Japan
CHF/JPY	Switzerland/Japan
CAD/JPY	Canada/Japan
AUD/JPY	Australia/Japan
NZD/JPY	New Zealand/Japan
GBP/CHF	United Kingdom/Switzerland
GBP/AUD	United Kingdom/Australia

How to start your forex trading career

It goes without saying that Forex or we can say currency market is highly volatile in nature and the movement is also slow as compared to stock  market. It is unregulated market and in Forex you can trade on currency pairs like USDJPY, USDGBP, GBPJPY, etc.
Basically  there are two types of pairs:
1. Major - Here the pairing of currency is done with USD (base)
2. Minor - The pairing done without USD

Important forex tips for beginners:
1. Do your homework before choosing your broker
2. Find out the basics
3. You can join a basic learning program
4. Start with low investment
5. Know your entry and exit frame
6. Stop loss
7. Follow risk management strategies