Vocabulary / LANGUAGE IN FOREX
Usually in every field or industry there is need to have vocabulary or lanterns that are posted there to facilitate communication. For example in the driver field then there is a sign language that helps drivers communicate when they are on the road, the court also has a good fortune that will help facilitate communication, all over the road there are its levers … for example the seller might ask “Who is the cross?” “aloud again. now, are you a sandwich? 😂 No you do not sambas but is forced to conform to the scheme applicable language.
now at FOREX we also have some vocabulary that is set up to help us in communication / conversation.
1) BEAR / BEARISH / SHORT
Bear is an animal continent ASIA amaepatikana especially in very cold areas. it is an animal that wants to attack you then it will jump up and strike you with its head down. on forex the word BEAR corresponds to the word BEARISH & SHORT which all refer to SELL. now someone tells EURUSD is BEARSH means that EURUSD has Sell or trickling down.
2) BULL / BULLISH / LONG
Bull is a cow, it’s a well-known animal all over the world. This animal’s nature wants to attack you. spirit must akukatie ticket turned out exactly peponi😄)
casa then on forex teeth BULL, BULLISH, LONG means that BUY ie a particular pair has BUY or goes up.
EXAMPLE OF BULL AND BEAR
Chart is a graph showing what has been done, what is happening in the market at that time, if we say it shows historical data of the past and what is happening as well. Traders are on ART in reading events occurred, and you are done. In forex there are 3 types of CHART;
1) LINE CHART
Line Chart Chart is standalone on the plank of the line, which is held for the risk model renders these snakes. This Chart inamatumizi it too (we are going to see a little farther)
2) BAR CHRT
It iliokwenye Chart combination of small pieces that make up the ones emigrated Chart Bar Chart .. this is the opening price only shows (nano we saw before)
3) CANDLESTIC CHART
His is a widely used chart where any trader must use this chart in other languages known as JAPANESE CANDLESTICS …
These are the bar that offer language happened and that happens the market at the time, ie zinakwambia you what happened and what is happening trader. now, in order to read the candlestic you must have closed it and not otherwise, we will not be able to read the candle which has not yet closed, since anything can happen.
Cabdlestics are divided into two main categories;
1) Revelsal candlestic pattern
2) Continuation candlestick pattern
1) REVELSAL CANDLESTIC Patterns
These types of Candlestick pointing to turn the trend, namely when it comes to this candlestic then know that it revelse trend, will cut the corner and return ilikotoka😃. Let’s see below what revelsals candletics are;
1) engulfing candle
This is the first group in the form of candlesticks revelsal Patterns in it where we met with only two candlesticks, a bullish engulfing & bearish engulfing. This bullish engulfing gives the message that trend will turn and rise higher. Bearish engulfing this it offers messages of that trend will turn and go down. See examples of image below
Hummer in Swahili is hammer😃. Then in the forms of the revelsal candlestic pattern there is another species called HUMMER. When this candle occurs, the candle signifies the trend to turn up and down, this candle often occurs at the support or demand zone and if it happens then it signals the trend to turn up and down. Let’s see her example of the picture below.
3) MORNING STAR
Morning star or morning star (I still think our predecessors have been thinking about what they have in their heads until they put these wonderful names 😃. shifting the trend and upward, in the Malay language we say SHOOTING STAR is a reversal bullish candlestick pattern, occurring at the bottom of the downtrends (support / demand zone).
4) EVENING STAR
Now there is this other called EVENING STAR. above not having seen MORNING STAR occur on the downtrend, or support or demand? either EVENING STAR is the alternative he eveningstar appears on uptrend or resistance only.