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Forex Trading Guides
Practical, no-hype guides to help you trade smarter — from your first candlestick to risk management and choosing the right broker.
Showing 13 guides in Candlestick
Candlestick Patterns Cheat Sheet: 12 Patterns Every Trader Should Know
A complete candlestick cheat sheet covering 12 essential patterns — doji, hammer, engulfing, stars, harami and more — with what each signals and how to trade it.
Dark Cloud Cover and Piercing Pattern: The Midpoint Reversals
Dark cloud cover and the piercing pattern are two-candle reversals defined by closing past the midpoint of the previous candle. Learn both mirror patterns.
Evening Star Pattern: The Three-Candle Top Reversal
An evening star is the bearish mirror of the morning star — a three-candle pattern that signals a possible top after an uptrend. Learn its three candles and how to read it.
5 Candlestick Patterns Every Beginner Must Know
You don't need dozens of candlestick patterns to start. Master these five — doji, hammer, engulfing, morning/evening star and shooting star — and you cover most setups.
Hanging Man Pattern: The Warning at the Top of a Rally
A hanging man is a single candle with a long lower shadow that forms during an advance, hinting at a possible top. Learn to spot it and why it needs confirmation.
Harami Candlestick Pattern: The Two-Candle Sign of Hesitation
A harami is a two-candle pattern where a small candle sits inside the previous large one, hinting the trend is losing steam. Learn how to read it and its doji version.
Morning Star Pattern: The Three-Candle Bottom Reversal
A morning star is a three-candle pattern that signals a possible bottom after a downtrend. Learn the three candles that form it and how to read it with confirmation.
Shooting Star Pattern: The Single-Candle Top Warning
A shooting star is a one-candle bearish reversal — a small body with a long upper shadow after an uptrend. Learn how to spot it and why it needs confirmation.
Bearish Engulfing Pattern: The Two-Candle Reversal Down
A bearish engulfing is a two-candle reversal signal after an uptrend. Learn how to spot it, why it matters, and how to trade it with confirmation and a stop.
Bullish Engulfing Pattern: A Two-Candle Reversal
The bullish engulfing pattern is a two-candle reversal where a big green candle swallows the prior red one. Learn how to spot it, why it forms, and how to confirm.
How to Read a Candlestick: Body and Wick Explained
Learn to read a candlestick chart in minutes: what the body, wicks, open and close mean, and how each candle reveals the battle between buyers and sellers.
Hammer Candlestick: A Bullish Reversal Signal
The hammer is a single candle with a long lower wick that hints a downtrend is ending. Learn how to spot a hammer, why it forms, and how to confirm it.
What Is a Doji Candlestick? Indecision Explained
A doji candlestick signals indecision between buyers and sellers. Learn what a doji looks like, the main types, and how to read one at support or resistance.