3 simple questions

[iloveforex]

1. How come the closing price and opening price are different sometimes on two candlesticks right next to each other ?
   (I’ve just finished the 3rd grade…sorry if this topic comes up later)

2. Are all the methods of technical analysis for forex applicable for other financial instruments? I mean, All different markets share the same technical analysis?

3. Does anyone know where I can find some inside materials(like pipsology) made by investment banks to train their forex traders?

Thanks and have a nice trade today.

[Rocket_Widget]

1. If I understand your questions correctly then the two candle stick next to each other will have different opening and closing prices because they are representative of two different periods of time. The price could be jumping more than one pip between those periods of time, a good example would be to watch gbp/jpy when it is really moving, I have seen it jump 7,8, or 9 pips at a time, not 1,2,3,4 etc rapidly but say 159.90 next price is 159.98.

2. I trade stocks as well (ameture) and them ore technical analysis I am learning on forex has been helping me with stocks. Mostly price action is universal as I understand it so far, support and resistance, trends, reversals, things like that. I do know that some of the candlestick patterns are different for equities as oppossed to forex.

3. I have no idea but I would love to have a training manual from an investment bank as well.

[tymen1]

1. As a candlestick trader on this forum I would say…they sometimes do - don’t worry about it.
   It will not affect your trading methods.

2. YES.

3. Send a PM to Tess and ask if she knows. (Tess is an institutional trader and posts on this forum).

[iloveforex]

1. If I understand your questions correctly then the two candle stick next to each other will have different opening and closing prices because they are representative of two different periods of time. The price could be jumping more than one pip between those periods of time, a good example would be to watch gbp/jpy when it is really moving, I have seen it jump 7,8, or 9 pips at a time, not 1,2,3,4 etc rapidly but say 159.90 next price is 159.98.

2. I trade stocks as well (ameture) and them ore technical analysis I am learning on forex has been helping me with stocks. Mostly price action is universal as I understand it so far, support and resistance, trends, reversals, things like that. I do know that some of the candlestick patterns are different for equities as oppossed to forex.

3. I have no idea but I would love to have a training manual from an investment bank as well.

Thanks alot.

[iloveforex]

1. As a candlestick trader on this forum I would say…they sometimes do - don’t worry about it.
   It will not affect your trading methods.

2. YES.

3. Send a PM to Tess and ask if she knows. (Tess is an institutional trader and posts on this forum).

Cheers mate.