forex fire

The trend in globalization will lead to greater integration of large number of producers and consumers in the global economy according to M. K. Pralahad in his book ”Fortune at the Bottom of the Pyramid’. IT continues to played an important role enabling democratized commerce.

Because of technological advances; information is getting more and more democratized. Today, on a global scale everyone has access to the same information and the potential to translate that information into intelligence. In the past, the profit was made mainly from ‘Information Arbitrage’. If you had access to privileged information, you could take advantage of that information to make a profit. Also, since information traveled slowly, the first movers had a huge advantage when it came to competition. But, with the coming democratization, the velocity of information has dramatically increased and thus decreasing the period when the organization can market product based on differentiation strategy.

The competition will be able to catch up quickly and offer the same product or service, thus pressurizing the company to reduce cost. This intense pressure from competition leads to ‘commoditization of product/service’ which in turn leads to what Economist call ‘Perfect Competition’. Economists have always loved ‘Prefect Competition’ model because from their perspective that it increases economic efficiency which is good for the society at large.

Thus, trend towards commoditization has accelerated and will continue to accelerate due to technological innovation. This accelerated commoditization which is at the heart of Nicholas Carr’s argument in his infamous HBR article ‘IT Doesn’t Matter’ where he makes an argument that in a ‘perfect competition’ model of future, your investment in IT cannot be leveraged for differentiation strategy.

So, can IT be used for differentiation strategy? The answer is unequivocally YES. First of all, there is always a lag in the availability of information. Even though, the technology continues to enable sharp increase in the velocity of information, the information cannot be made available instantaneously. A ‘business idea’ in an organization will not be known instantaneously to the competition. There is that lag time. But with the increased velocity of information, slow decision will be punished. Organizations need to set up agile business processes and streamline decision making ability if they want to take advantage of first mover strategy. IT can play a major role in this effort only if the core competencies of the organizations are identified and automated.

While the technology can be blamed for commoditizing of products faster, same technology can be leveraged to expedite creation of Network Externalities. Let’s take eBay as an example. While it is simple to copy eBay’s business model, it will be extremely difficult to create a value for the sellers because all the buyers have become eBay’s captive audience. So, in this example IT that enabled Network Externalities has created differentiation strategy for eBay.

IT can also enable seller identify the Long Tail aspect of the supply demand curve. Lets say the Company X is involved in selling music video downloads an specializes in ‘Fusion French Rap with Middle Eastern instruments with Hawaiian Hula dance’. Before large scale global IT adoption, it would have been difficult to identify the demand for that kind of specialized music video. Now, with the advances in IT infrastructure, the company X can reach the global customer base and find enough demand to be profitable. With the advent of social media, technology can be used to build community around that specialized product thus adding more ‘value’.

Thus, IT acts as a double edged sword. On one hand it has the power to force rapid commoditization of products. On the other hand IT can be leveraged as mentioned above to differentiate products and services for an organization. Even with democratized information availability, IT can help create first mover’s advantage. It all depends on how organizations use IT.

Raj Sheelvant is currently working as a Project Manager at a Large Multinational Computer Manufacturing Company. He holds MBA from W.P. Carey Business School of Arizona State University at Tempe, Arizona and MS in Engineering Science from University of Toledo, Toledo Ohio. He has a passion of leveraging IT to create and sustain competitive advantage for the Corporations. He strongly believes that IT can be used to ‘expand economic moat’ for the corporations but one need to make sure that the IT projects are always used to enable corporate and business strategy. He writes his blog on IT Strategy at http://itstrategyblog.com

He is also the author of several papers
“A Parallel Architecture for MUSIC Algorithm.”
International Conference on Signal Processing Application and Technology, Boston-92.
“Hypercube Architecture for Householder Algorithm.” 1992- Modeling and Simulation Conference, Pittsburgh.

You can check his LinkedIn profile at http://www.linkedin.com/in/rsheelv

Economic crisis is chocking the market with its strong grip all over the world. The markets are full of uncertainty, banks are unwilling to “defreeze” credits and people panic about their savings. When equities markets turned to risky investments for both financial institutions and individuals, is there any kind of investment that is still considered safe? 

Forex trading, in my opinion, is the safest investment option available today. Many financial institutions and traders consider foreign currency holdings as the most secure investment option. When couple of years ago an middle class individual wouldn’t even dream about entering Forex market, today private investors enjoy the appealing Forex investment opportunities. 

Trading Forex gives everyone a chance to enter the real business world. Assets are fully liquid and the biggest advantage of them all - the ability to trade long or short on the week days, 24 hours a day. Some Forex brokers go even further and offer trading possibilities even when market is closed. Even with a small deposit Forex trader can earn generous amount via leverage options.

Forex trading holds a healthy investing potential for every investor around the world. Of course the draw back of Forex lays in the fact that not many are familiar with the trading environment and not many have time to educate themselves about it. After all, Forex trading requires a lot of learning and practice. When people need investing solutions at the time of uncertainty, learning is the last thing on everyone’s mind, no matter how worthy Forex trading is. 

Forex trading is not gambling - you cannot simply put a “bet” on two currencies and wait for the results. Well, actually you can do so, but this will result in a very quick loss of your funds. Currency trading is full of technical terms that have to be memorized and fully understood and for new traders this can also be a big minus.  

However, I still think that the pain of learning forex trading is worth even second of it. With a professional assistance of Forex broker learning process can safe some time and energy and new forex traders can enjoy the investment opportunities right from their own home.  

Another good question is whether financial crisis has or will eventually have any strong impact on Forex brokers? After all, if you start Forex trading, you have to trust your Forex broker to take care of your funds and profits! Is it wise to stop trading at all during economic uncertainty?

My trading motto is “trust, but always check”. In my opinion, you can continue trading safely but at the same time the moment your profits reach the “yes-you-can-withdraw” level, you should take the money out. Every time you are done trading, leave no more than $100 in your account just for the save side. That way, even if things go bad, loosing $100 won’t sting as much as loosing thousands. 

I cannot guarantee anything and I don’t know how other traders are handling the economic situation, but I haven’t stopped trading (although the spreads and swap rates are outrageous). So far every withdrawal request has been processed without problems and I keep my profits save by withdrawing them every chance I have got! Of course, I loose money because of the withdrawing fees and trading with small amounts isn’t too attractive, but at least I am not scared every time I open my trading platform! My heart is free when I have nothing to loose.

Check out more Forex articles, tutorials and Forex brokers reviews at http://www.forexexplore.com

When I started my trading career I attended a 3 day forex trading course which gave me a mere introduction to this great and fascinating money making activity. I was given some good advice during this course but I have since found that there are more many more ways to skin a cat than sticking to hard a fast Forex trading rules. If all traders are sticking these common trading beliefs one has to ask the question - why do so many fail?

One of the Golden rules of Forex trading I was told is - Never, but never, trade without a stoploss. I took this rule very much to heart and started trading with stops. Like most beginners my stops were way too tight and small and I got stopped out time and time again. As I gained experience and started trading the bigger price waves I started trading bigger stops. I soon realised that the bigger your stop the higher your success rate. However I also soon found out that the gains made on nine successful transactions when using big stops can very quickly be wiped out by one or two big losses. So I went through a very frustrating time when my stops were too small for my good transactions (the stops were hit and then my targets soon after) and way too big for my bad transactions (allowing big stops when the direction was totally wrong). You soon start thinking that brokers are there just to hunt your stops. This is always an emotive subject for debate amongst forex traders.

One day I started thinking the unthinkable. Why not trade without a stoploss at all? Is it possible to make money trading with no stoploss orders? I set about developing a technique to do just that. It took a few years of experimenting, but I now have a profitable no stop forex trading technique. I can’t tell you the relief of not caring which way the price moves (as long as it moves). Yes, it is possible to cash on any move in the market. For more information, which is freely available, on this great technique why not Google “no stop forex trading” or visit informative sites like expert-4x.com or forextradersupportservices.com

Other rules that were worthwhile breaking in the course of developing this technique were:- “Let your profits run and cut your losses” or “Always trade in the direction of the main trend”. These will be subjects of future articles which give more information on the development of the No Stop forex trading system.

This is the first in a series of seven articles on the No stop forex trading technique which will be published in this article directory on a regular basis. Make sure that you do not miss any of them.

Find out how you can make money trading the no stop forex trading technique from Mary McArthur who is a Forex trader with http://www.forextrading-alerts.com Mary also assists with management of http://www.forextradersupportservices.com Mary is considered an expert of the system and has co authored a forex trading course available on the above sites and can be contacted at info@expert4x.com

When I started my trading career I attended a 3 day forex trading course which gave me a mere introduction to this great and fascinating money making activity. I was given some good advice during this course but I have since found that there are more many more ways to skin a cat than sticking to hard a fast Forex trading rules. If all traders are sticking these common trading beliefs one has to ask the question - why do so many fail?

One of the Golden rules of Forex trading I was told is - Never, but never, trade without a stoploss. I took this rule very much to heart and started trading with stops. Like most beginners my stops were way too tight and small and I got stopped out time and time again. As I gained experience and started trading the bigger price waves I started trading bigger stops. I soon realised that the bigger your stop the higher your success rate. However I also soon found out that the gains made on nine successful transactions when using big stops can very quickly be wiped out by one or two big losses. So I went through a very frustrating time when my stops were too small for my good transactions (the stops were hit and then my targets soon after) and way too big for my bad transactions (allowing big stops when the direction was totally wrong). You soon start thinking that brokers are there just to hunt your stops. This is always an emotive subject for debate amongst forex traders.

One day I started thinking the unthinkable. Why not trade without a stoploss at all? Is it possible to make money trading with no stoploss orders? I set about developing a technique to do just that. It took a few years of experimenting, but I now have a profitable no stop forex trading technique. I can’t tell you the relief of not caring which way the price moves (as long as it moves). Yes, it is possible to cash on any move in the market. For more information, which is freely available, on this great technique why not Google “no stop forex trading” or visit informative sites like expert-4x.com or forextradersupportservices.com

Other rules that were worthwhile breaking in the course of developing this technique were:- “Let your profits run and cut your losses” or “Always trade in the direction of the main trend”. These will be subjects of future articles which give more information on the development of the No Stop forex trading system.

This is the first in a series of seven articles on the No stop forex trading technique which will be published in this article directory on a regular basis. Make sure that you do not miss any of them.

Find out how you can make money trading the no stop forex trading technique from Mary McArthur who is a Forex trader with http://www.forextrading-alerts.com Mary also assists with management of http://www.forextradersupportservices.com Mary is considered an expert of the system and has co authored a forex trading course available on the above sites and can be contacted at info@expert4x.com

It’s been a big year for my husband and me. We had our first child and recently closed on our first home, since our town home was feeling a bit snug with our new addition. Given the current state of the housing market, we were very fortunate to be able to make a profit on our town home and receive the financing necessary for our dream home.

Signing the dotted line and receiving the keys was a fantastic feeling; after all we now had 5000 square feet and one acre of gorgeous property that belonged completely to us. However, along with that “high” was the sobering reality that we now had a thirty year mortgage to contend with. During our first year of marriage, we made the goal to live debt-free and within three years, we had all our student loans and credit cards paid off. So to have a debt as massive as a mortgage was slightly disconcerting, despite the fact that the majority of Americans have to get a mortgage. How disheartening to think that by the time the thirty years is up, we will have paid nearly twice as much in interest as the original purchase price of the home.

I had heard from friends and acquaintances about different early mortgage payoff plans that were available. One such program that we came across that seemed to have rave reviews was the Money Merge Account, offered by United First Financial.

In the simplest of terms, the Money Merge Account system empowers homeowners with the ability to reduce the principal amount of their mortgage, thus reducing the interest that accrues on the total loan. The driving force of the program is an advanced line of credit (ALOC, also known as a home equity line of credit or HELOC). In order to qualify for a HELOC, homeowners must have equity in their home. My husband and I purchased our new home during the first phase of a residential building project. Since the value of the homes have increased, our house subsequently appreciated through the duration of the second and third phases. Once a homeowner has been approved for the line of credit, they are ready to use the Money Merge Account system. The HELOC must also be able to operate similar to a checking account.

Anytime you deposit income into your primary checking account, you transfer it to the line of credit and tell the Money Merge Account how much was deposited. Over time, the system will instruct you to put a certain amount of additional money towards the primary balance of your mortgage, permitting the interest rate to drop. Based on the deposits you make, the Money Merge Account uses advance algorithms to compute how much extra you should pay and when. The end result is to create the greatest interest rate savings possible.

United First Financial provides seminars for individuals interested in learning more about the Money Merge Account. My husband and I attended one and would highly recommend it to any of our friends and family; we found the seminar to be informative, educational, and helped us realize that the Money Merge Account is a system apt for us and our situation.

http://www.unitedfirstfinancial.com

Have you noticed lately more and more money is getting dumped into print and pay per click forms of advertising? Is there any other form of marketing out there that can get you better results with less risk? There is, and the secret is about to be out!

Most companies fall into the scheme of pumping handfuls of money out the door to dying forms of advertising, such print mediums. They figure that “it takes money to make money” so they continue to pay for advertising that doesn’t get them the returns they desire. Most businesses have realized the power of online marketing and are starting to focus their advertising dollar there, but will all the options… what is your best bet?

There are directories, listings, pay per click, sponsored links, bloggers, etc…. that claim to get you more business quicker than ever. Only a handful of the companies deliver what they promise. When reviewing a company to handle your marketing needs, it is important to see the exposure they can provide to you. Is it organic side exposure or sponsored link exposure? Let me explain the difference. The organic side of search engines is where the vast majority of us search, the ten links on the left hand side of the page. Sponsored links are the ones on the right hand side of the page that usually juggle around and never stay stable… you know, the ones you never look twice at. If you, as a business owner don’t look twice or use those right hand side links, then why would you assume a consumer would use and click them? By focusing your adverting dollar on a company that focuses and provides organic side exposure, you are encompassing 100% of the search market. You will see your call volume rise and your sales numbers rise right along with it. A few things to keep in mind when looking for organic based marketing firms 1) Do they give me an exclusive environment to separate me from competition? 2) Am I going to be in a directory with other qualified businesses that will help with my image? and 3) cost vs. benefit.. make sure the keywords they use on the organic side of searches are RELEVANT to your field and a normal consumer would use them when searching for someone in your industry. Take this to heart, and you will see the benefits immediately within your business. Don’t get fooled into thinking online marketing is a fad or a trend. Consumers are tired of using heavy phone books when they have the World Wide web at their finger tips… at all times!

Chad Sandifer
http://www.tenlist.com

The Federal Reserve is easily one of the most powerful–and misunderstood–of all American institutions. The Federal Reserve’s steady hand as America’s “central banker” has been especially critical to U.S. economic performance during the past 25 years. Why?

The management of fiscal policy (taxation and spending) during the majority of those years by various Administrations and Congresses was less than admirable. As a result, the enormous and irresponsible buildup of Federal debt remains, for now, our collective lasting legacy.

Today’s Federal Reserve–under the control of Chair Ben Bernanke–enjoys a very high level of credibility as an inflation fighter. In the world of central banks, there is no loftier objective…nor any greater success.

Inflation Control

The Federal Reserve’s number one responsibility is to maintain American price stability. It has been largely successful over the past 15 years in doing so, with consumer prices rising at an average annual rate of 2.7% since 1991. More comprehensive measures of inflation have risen at even lesser rates. In contrast, U.S. consumer prices rose an average of 6.2% annually during the ’70s and ’80s, with a painful bout of double-digit inflation in 1979 and 1980.

Today’s Fed is very concerned that higher energy prices now impacting the economy will contribute to a broad series of price increases for thousands of products and services across the economy. Such a pass-through of energy costs keeps Fed officials awake at night.

Add in volatile commodity and gold prices, the fear of further terrorism in the U.S. and abroad, enormous purchases of U.S. Treasury securities by foreign investors, and a handful of other topics, and one gets a feel for the life of a Fed official. It is not for the faint hearted.

In its efforts to maintain price stability, the Fed many times is called upon to…

1) “take the punch bowl away from the party” (to slow the economy) when it gets a bit too rowdy

2) administer preventive “medicine” to its patient (the U.S. economy) when necessary in order to minimize the chance of a more serious “inflation disease” later, which would require even more drastic action (more painful medicine)

Note: Most changes to monetary policy are enacted by the Fed adding reserves to or withdrawing reserves from the banking system through a process called open market operations. The result of such moves is to increase or decrease the Fed’s most critical interest rate, the federal funds rate. The federal funds rate is the rate at which commercial banks and certain other financial institutions invest excess funds with other commercial banks on an overnight unsecured basis.

The federal funds rate is easily the most important of ALL short-term interest rates. Changes in the federal funds rate immediately impact the level of all other short-term interest rates, including the prime lending rate and various short-term investment rates. The discount rate, the other rate controlled by the Fed, is now almost irrelevant in today’s conduct of monetary policy.

The “Dog” and the “Tail”

While many of the Federal Reserve’s official responsibilities remain unchanged from earlier years, the nature of the Federal Reserve’s monetary policy flexibility has changed markedly during the past 25 years. In my opinion, the Federal Reserve is no longer the primary determinant of when monetary policy changes are necessary–the U.S. bond market is.

Since the Federal Reserve’s creation in 1913 until perhaps the late 1970s, the Federal Reserve solely determined monetary policy. The nation’s bond market–much smaller during those times–then quietly fell in line. During that era, the Federal Reserve was the “dog,” while the bond market was the “tail.” This relationship has now reversed.

Today’s reality is that the Federal Reserve, to a large extent, provides the monetary policy mix that is demanded by a powerful and very inflation-sensitive bond market. The market is now the “dog,” while the Federal Reserve is the “tail.”

Today’s inflation-wary bond market provides the Federal Reserve with less monetary policy flexibility than at any time in its history. Any future Federal Reserve attempt to over-stimulate U.S. economic growth with “easy money” would be met with rising long-term interest rates (to protect lenders/investors from impending higher inflation) and cries of Federal Reserve irresponsibility.

Conducting Monetary Policy

How is proper monetary policy determined by the Federal Reserve? The Fed is clearly concerned about the inflation implications of today’s historically tight labor markets and the wage pressures that could result.

In addition (and figuratively speaking), today’s Federal Reserve conducts monetary policy using an old-style balancing scale with four trays.

In separate trays, the Fed balances:

1) Criticism from the “hawks,” who see inflation under every rock. The hawks are typically critical of the Fed, noting that the institution is not aggressive enough in diffusing inflationary expectations

2) Criticism from the “doves,” who constantly argue that monetary policy is too restrictive. The doves argue that the Fed has usually gone too far in monetary tightening or not eased policy enough, and that the Fed frequently threatens the economy with the “r” word…recession

3) Recent price performance of gold and various other commodities. Price movements in these commodities can serve as inflation red flags, as well as signs of monetary policy that is too restrictive

4) The current shape and slope of the U.S. Treasury yield curve, including the most recent direction of 10-year U.S. Treasury Note and 30-year U.S. Treasury Bond yields. Such information provides a clue as to the bond market’s collective view of inflation expectations

Only when all trays are in “relative balance” does the Fed consider monetary policy to be appropriate.

The Fed must also consider the inflation implications of U.S. dollar strength or weakness relative to other global currencies. The Fed must also consider the conduct of monetary policy by other major central banks including the European Central Bank, the Bank of England, and the Bank of Japan…

…not a task for the faint-hearted

Economic futurist Jeff Thredgold is President of Thredgold Economic Associates, a professional speaking and economic consulting company.

Since 1976 Jeff’s weekly economic and financial newsletter, Tea Leaf, has been helping people make sense of the tangled maze of the U.S. and global economy and financial markets in a light, approachable style. Sign up to receive the free Tea Leaf email newsletter and let Jeff Thredgold show you how to use this information to enhance your financial well-being for years to come.

Jeff is the author of econAmerica: Why the American Economy is Alive and Well…and What That Means to Your Wallet (Wiley, 2007), and On the One Hand…The Economist’s Joke Book.

His career includes 23 years with $96 billion banking giant KeyCorp, where he served as Senior VP and Chief Economist. He now serves as economic consultant to $50 billion Zions Bancorporation, which has banks in 10 states.

Anyone with a little bit of computer knowledge can make money online selling anything their heart desires. You can sell old clothes, furniture, eBooks, information packets, cars, almost anything. The internet is such a huge and versatile area for an online marketplace. You can create a painting or any work of art and sell it online. You can start a home business and sell the products that are offered through that company. Starting a home business can possibly to lead to more profits over a longer period of time then traditional selling, but it all works. Join an affiliate program and sell a product created by someone else.

The most basic and most popular place to make money online selling is eBay. EBay has millions and millions of products being sold all over the world. It is as simple as finding something you are willing to get rid of, then throwing it up on eBay. There step by step instruction will help you get started on the right track. It is very simple so do not let the minor details get you confused.

Create an ecommerce website and start to make money online selling products on your own website. If you are not capable of creating your own site, have someone do it for you. If you want a quicker alternative you can back to eBay and purchase an existing website. Go to eBay and click business and industrial, there you will find a link for business and websites for sale. Sort through sites that you think might interest you and contact the seller with all questions you may have.

Become a power in affiliate marketing. You can make money online selling affiliate products from your website. Go to sites like clickbank or commission junction and sort through products that catch your eye. View the pay scale to see how much you will make off of each sale. Fill out the information and create a link, next place it on your website and bingo, you now can make money online selling products you did not have to create.

To make money online selling affiliate products you must have a marketing strategy in place, unless you are getting quality traffic to your site. One example is you can write a quick 500 word article about your product and submit it to article directories such as Ezine Articles with a link back to your site. So now when anyone reads your article, they now can visit your site through the link you have inserted. There are many other free ways of marketing but article marketing is a basic strategy to get you started.

With the right determination you can make money online selling anything you want. Selling online can lead to long term financial wealth. Many people are becoming ultra successful online. Some are doing it part and some do it full time as a business. Whichever way you want, you too can do it. A lot of people are tired of working the day to day JOB. So, they try and make money online selling anything to help supplement or even take over their current income. You can too.

Matt Belock Is The Creator/Owner Of Internet Ready Cash. Your Answer For An Internet Based Business Opportunity Is Only A Click Away.
Discover How To Get Your Complete And Automated Website Up And Running Today.
No Taglines, No Gimmicks, Just One Thing: PERFORMANCE!
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Basic Fundamentals

When you are considering a trade in the frozen concentrated orange juice (FCOJ) market you need to look at Florida. The bulk of Florida’s oranges are squeezed into frozen concentrated orange juice. Florida accounts for almost 98% of U.S. supply, and almost 40% of global supply. When looking at the Florida crop some of the basic fundamentals that you should consider are:

1. Hurricanes The 2004 and 2005 hurricanes that hit Florida did tremendous damage to the Florida citrus groves. Much of this damage is still being felt today. Not only did the storms: knock down fruit, break limbs, and uproot trees, they spread disease. Citrus diseases are the most serious threat facing the industry today. Some analyst fear that the end of the Florida citrus industry may be right around the corner.

2. Citrus Canker In 1995, citrus canker reappeared in Florida after being wiped out in the early 1900s with an aggressive eradication campaign. The eradication campaign of the 1990’s was restricted by lawsuits from homeowners who complained about their backyard citrus trees being cut down. The 2004 and 2005 hurricanes spread the citrus canker bacteria so thoroughly across the state that the USDA cut funding for the eradication campaign and declared it a failure.

3. Citrus Greening Citrus greening is undoubtedly the biggest threat facing the Florida citrus industry today. It has devastated citrus groves around the world. It first appeared in Florida in 2005. It has quickly spread to all of the 32 counties in the state with commercial groves. When a tree is infected it produces small, hard, and bitter fruit. It dies in approximately 2 years. Citrus greening is spread by Asian citrus psyllids which are tiny insects. There is no known cure or way to stop it.

4. Freezes In the 1980’s, freezes triggered major price movements. Cold weather tore out the heart of the central Florida’s citrus industry. This price volatility was memorialized in the 1983 movie Trading Places with Eddie Murphy, Dan Aykroyd and Jamie Lee Curtis. While freezes are not considered as much as a risk today due to heartier varieties of trees, and plantings farther south it should never be underestimated. Just ask the residents of Frostproof, Florida.

These are just some of the basic fundamentals to keep in mind when you are considering a trade in the frozen concentrated orange juice (FCOJ) market. The geographic concentration of FCOJ production makes it a very volatile market. Therefore, before opening up a commodity account to trade FCOJ you should consult with a licensed commodity broker that follows the FCOJ market to discuss investment strategies.

There is a high degree of risk involved in trading the commodity markets. It is not suitable for everyone.

Alexander B. Ramey
Senior Broker
FGI Trading Group, Inc.
(877) 880-8490
http://www.fgitrading.com

Each author who writes on a technical subject has his or her own particular points of beginning as well as different outlooks and styles of presentation of the material. There are many good textbooks which explain in great detail the construction of the various Japanese Candlestick patterns as well as their trend-reversal predictive qualities. Some textbooks by certain authors point up the desirability of combining the utilization of standard “Western” Indicators with Candlestick analysis per se, in order to obtain a better understanding of the psychology which underlies investors’ and traders’ buying and selling decisions. In particular, those authors whose offerings also include seminars and forums tend to emphasize the total compatibility between the Candlesticks and the “Westerns.”

This effort often proceeds to the point of suggesting that the student incorporate into his analytical process the “Westerns” which he is accustomed to using and which he has found to be of the greatest value to him - but the suggestion stops there, without very much specific instruction involving particular Indicators. There seems to be something missing, in that the student is pretty much left to his own devices. Perhaps even more importantly, the full interplay between the Candlesticks and the Westerns, and the synergism between all of them, is never fully brought to the fore.

So, the Candlesticks alone, while a truly remarkable tool, are only half a loaf; and the Candlesticks plus only a passing or partial reference to the Westerns is just a shade better. The complete interplay between the Candles and the Westerns can best be shown by a computer program which affords the operator the opportunity to compare the Candlestick presentation with all of the Westerns which his heart may desire.

When that is done, the complete picture emerges, and the operator can come to a more complete understanding of the market psychology at work in any time frame; and the Candlesticks are elevated, celebrated, and brought in the direction of perfection as the finest foundation of technical analysis of the financial markets.

http://www.candlewave.com