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The current unravelling of the DOW JONES 1,000 points on 6th Might was a signal that the year long bear rally in the stock market is about to end soon. What this means is that the stock market recovery is not solid and the stock market might crash again. Forex Trading Download

Now, a few days back before 6th Might 2010, when Gary R. Albrecht the creator of the M3 Forex Navigator software set his software up on the DOW Index, he was amazed. He openly announced in front of 400 traders in his class that the DOW JONES index was headed towards a big retracement in the next few days. When it happened exactly as predicted by him on 6th May, many people became firm believers in the Forex Mastery 2.0 System.

You see, Forex Mastery 2.0 System is the culmination of years of hard work. Forex Joe Atkins was a highly successful Texan sports bettor who had developed certain proprietary mathematical formulas that he used to make a fortune in sports betting.

In the year 2001, he discovered Forex trading. He applied his proprietary mathematical formulas to the Forex market and lo and behold, he prefabricated a fortune in Forex trading too. He teamed up with Gary R. Albrecht, one of his Forex trading students and developed this M3 Forex Navigator Software that is a key component of the Forex Mastery 2.0 System Forex Trading Download

Now, M3 Forex Navigator Software has been in fact predicting the DOW crumble many weeks before it actually happened. This shows the true power and potential of this software. This Forex software predicts the turning points in the Forex market with laser sharp accuracy.

Now, if you have been trading Forex or for that matter any other market, you know how important this is for a trader to know the turning points in a market before they actually develop. If you can develop the power to predict these turning points, you can make a fortune. This is exactly what the users of M3 Forex Software are doing.

Gary used this software to turn $25,000 into $300,000 in 18 months with a minimal risk. Then he turned that $300,000 into $520,000 in the next 4 months. In the same way, a Forex mastery student from Belgium is using this Forex software to make $20,000 Euros each month. It is being stated that the Forex Mastery 2.0 System is going to create many millionaires in this decade! Forex Trading Download

Do you marvel, as I do, at the ingenuity and complexity which is involved in delivering a landing car from Earth onto the surface of Mars after a trip of millions of miles and of many months’ duration?  Do you now take for granted, as I do, our capability to send documents in color from one point on Earth to nearly any other point on Earth -instantaneously?  The human intelligence and dedication which is required in order to accomplish these seeming miracles is nearly beyond comprehension.

 

In the field of Finance, many people are turned away too soon – or give up too soon – when they hear the term “Japanese Candlestick technical analysis.”  Perhaps one reason is that it sounds “foreign,” or that “technical analysis” implies a substantial amount of hard work and expenditure of time even to begin to comprehend what it is all about.  This is unfortunate, because this is nothing when compared to landing a car on Mars or sending documents around the world in a flash.

 

The fact of the matter is that Asian Candlestick technical analysis is a breeze to learn, and takes very tiny time at all.

 

What’s it all about?  Let’s begin with an understanding of the usual method of price display of a certain stock.  The price action of the trading day is shown as a vertical line, or bar, which is associated with a price scale (in dollars) at the edge of the page.  The top of the bar is the highest price of the day; the bottom of the bar is the lowest price of the day; the tiny wing on the left is the opening price of the day; and the tiny wing on the right is the closing price of the day.  Simplicity itself.

 

The difficulty is that the display is inert; lifeless.   It doesn’t readily disclose what went on during the day, or much of anything about the psychology of the buyers and sellers which drove prices during the day.  The Candlesticks cure that defect.  Rather than simply showing price action as a narrow vertical line or bar, the line is “fattened out” into a cylinder.  If the result of trading during the day is that prices shut higher than the opening price, then the cylinder is left hollow, or “white;” if prices shut lower than the opening price, then the cylinder is filled in, and is shown as “black.”  Ah!  Now we see, at a glance, that the mood of the day, overall, was Down.  The Candlestick really comes into its own when streaming data are shown on the screen, so that the viewer can see the changes in mood as the day progresses.  It’s like a motion picture in progress.

 

The second major advantage of Candlestick presentation lies in the interpretation of the patterns which the candles produce over various units of time.  Some of the patterns are one-day affairs; others have meaning when they develop over a course of several days or other time frames.  The operator swiftly learns to recognize them on sight.  For example, if – after a long rise in prices – a regular pattern appears, well above prices to date, which involves a substantial range between the upper and lower prices of the day but only a narrow range between the opening and closing prices – and if that happens at the low end of the total range, that is called a “Shooting Star,” because that’s exactly what it looks like, and it has bearish implications.

 

Another favorite of mine is the “Evening Star,” which is a combination of the candle bars over (say) a three-day period.  It occurs at the top of a long rise in prices.  If the first candle is a long white candle, the middle candle is a tiny higher, but smaller, and the third bar is a long black candle which is lower than the middle candle, that’s an “Evening Star” and is very bearish.

 

This is not rocket science or putting a lander on Mars!  There are only about a dozen Candlestick patterns which need to be memorized at the outset.  It’s really fun to learn them, and to place them into practice.  The beauty of the patterns is that they are so instantly recognized by the eye, and disclose at a glance the underlying psychology of the participants in the market on that particular day.

 

They are an enormously valuable trading and investing tool.  Once you learn them, you will never go back to the “old way.”