AI Hub 12 March 2024 Which Candlesticks Are Characterized by White and Black in the Forex Market? Candlestick charts are a popular form of technical analysis used in the forex market. They provide a visual representation of price action and are often used to identify potential entry and exit points. Candlesticks are characterized by white and black bodies, which represent the open and close prices for a given period. The body of the candlestick is also referred to as its “real body” or “true range”. The white candlestick indicates that the close price was higher than the open price during that period, while a black candlestick indicates that the close price was lower than the open price during that period. The length of each candlestick’s body is determined by subtracting its open from its close. A long white candle indicates strong buying pressure, while a long black...
AI Hub 12 March 2024 Why Is There a Disparity Between the Buying and Selling Prices on the Forex? The foreign exchange (forex) market is a global marketplace for exchanging currencies. It is the largest financial market in the world, with an average daily trading volume of more than $5 trillion. The forex market allows traders to buy and sell different currencies at different prices, which can lead to a disparity between buying and selling prices. In this article, we will discuss why there is a difference between buying and selling prices on the forex market and how traders can take advantage of it. What Is Bid-Ask Spread? The bid-ask spread is one of the most important concepts in forex trading. It refers to the difference between the buying price (the bid) and the selling price (the ask). For example, if a currency pair has a bid price of...