We found 11 online brokers that are appropriate for Trading Reversal Candlestick Patterns Investment Platforms.
There's just something about catching the top or the bottom of a financial asset. The people who can manage to get in early on a trend stand to gain the most. However, trying to predict a possible reversal in the market is the same as catching a falling knife. On the one hand, a trader can be the first one to join a new trend and also get exposed to a high risk of continuation of the trend.
In such a scenario, how can a trader accurately judge a possible reversal? The answer lies within the patterns made by candlesticks. In the past, candlesticks were only used in the Japanese financial markets. However, as soon as the candlesticks were introduced to the western markets, they become an instant hit.
The use of technical analysis back as far as the 18th century. At that time, Japan was under feudal rule, and people were using technical analysis to trade rice. That concept was transformed into candlesticks later on. The founder of candlesticks in Japan is not known, but Steve Nison is considered to be the man who introduced the west to the wonders of the candlesticks.
What makes technical analysis so good and appealing? It allows a trader to see the possible turning points, continuation, and the overall behavior of a market on a screen. By a combination of one or more than 1 candlestick, different patterns are formed which can be used to trade the markets. According to the experts, the basic idea of technical analysis can be applied to any type of market.
When trading the candlestick patterns, one must not limit himself to the patterns formed by the candlesticks. Instead, a trader must incorporate different technical analyses and technical indicators to get a better picture of the market. Tools such as RSI, MA, Support/Resistance, Fibonacci can be combined with candlesticks to get a feeling of the market direction.
Some of the important reversal patterns which are based on candlesticks are mentioned below with important information about them:
If the opening price of a candlestick is the same or almost equals to the open price, it means that it is a Doji candlestick. According to experts, the Doji is the most important pattern among all the other patterns.
In a nutshell, a Doji represents indecision and can point towards a possible reversal of a bullish trend into a bearish one. If a Doji appears after an uptrend, it means buyers failed to close above a significant high. Besides the indecision, it also points towards the possible exhaustion of buyers & entry of strong sellers.
On shorter timeframes, a Doji might not mean anything at all. However, a Doji appearing on the H4, D1, and the weekly chart hold significant value.
Similarly, if a Doji appears during a downtrend, it means possible bullish reversal. To get the best value out of this candlestick pattern, it is best to also use the support/resistance and other technical indicators to get additional confirmation.
This pattern is composed of two candlesticks that appear at a high or a low. An engulfing pattern can be both bullish and bearish depending on the current market condition and the color of candles.
Let's assume that a particular asset is experiencing a downtrend. The next trading day starts with a gap down, but by the end of the session close, we get a bullish candle that closed above the high of the previous candle. This is called a bullish engulfing candle, and it means that despite the gap down, bulls have managed to defeat the bears.
In a bearish engulfing pattern, a bullish (green) candle is followed by a bearish (red candle). This time, the price gaps up when the next session starts. However, the candle closes below its open and becomes a red candle. The close of this red candle is below the low of the previous candle. This is called a bearish engulfing candle, and it means that despite the gap up, bears have managed to defeat the bulls.
Since this pattern involves gap up or gaps down, this can only be used in the Daily, weekly, or monthly timeframe. Using the engulfing pattern on the hourly or the minute chart will not yield the required results.
Besides the two candlestick patterns mentioned above, traders can also take advantage of additional indicators to get confirmation or confluence about the possible reversal of a market.
Whenever you see an engulfing or a Doji pattern, try to locate the support and resistance zones. If the high or low of these patterns match up with a support/resistance zone, it means we have got additional confirmation. Besides that, RSI can also be used to check for overbought and oversold conditions.
Another important tool that can be used along with reversal patterns is the Fibonacci retracement.
We have conducted extensive research and analysis on over multiple data points on Best Reversal Candlestick Patterns to present you with a comprehensive guide that can help you find the most suitable Best Reversal Candlestick Patterns. Below we shortlist what we think are the best Reversal Candlestick Patterns Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Best Reversal Candlestick Patterns.
Selecting a reliable and reputable online Reversal Candlestick Patterns Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Reversal Candlestick Patterns Investment Platforms more confidently.
Selecting the right online Reversal Candlestick Patterns Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Reversal Candlestick Patterns Investment Platforms trading, it's essential to compare the different options available to you. Our Reversal Candlestick Patterns Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Reversal Candlestick Patterns Investment Platforms broker that best suits your needs and preferences for Reversal Candlestick Patterns Investment Platforms. Our Reversal Candlestick Patterns Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Reversal Candlestick Patterns Investment Platforms.
Compare Reversal Candlestick Patterns Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Reversal Candlestick Patterns Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Reversal Candlestick Patterns Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Reversal Candlestick Patterns Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Reversal Candlestick Patterns Investment Platforms that accept Reversal Candlestick Patterns Investment Platforms clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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We have listed top Reversal Candlestick Patterns Investment Platforms below.
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