If the markets moved in a logical fashion, anyone could learn a few basics and make money trading. But that is not the case. It is the emotional crowd that moves markets. Tradersí and investorsí greed and fear, imprinted on charts, are like a road map to the markets. Those who learn to read and decipher the underlying messages of that price movement can gain a much-needed edge in a competitive environment.
Thatís where Getting Started In Candlestick Charting comes in. This book will provide you with a solid foundation from which to begin using candlestick charts. Youíll learn to recognize candlestick reversal patterns and embed them in your mind through an understanding of how they reflect the messages of crowd sentiment. Candlesticks will help you gauge the strength of price moves and spot potential reversals early, before the crowd reacts.
If you have steered clear of candlestick charting until now because it seems like there is a mind-numbing number of patterns to learn, you can put that concern to rest. It is not necessary to learn dozens of candlestick patterns. This book narrows the focus to several commonly formed candlestick reversal patterns that you can learn to recognize in short order. You can start right away utilizing candlesticks to improve your chart analysis skills, and, of course, to increase your profitability.
You will find this book very helpful if you desire to:
Every effort was made to produce this important learning resource in a user- friendly format. The chapters are organized in a manner where they build one upon the other. The content is written in laymanís terms with a level of detail that ensures understanding by beginning and intermediate-level traders. I make no apologies for defining technical terms and describing concepts that advanced level chartists might consider to be familiar territory. However, even advanced chartists who choose this book with the intent of adding candlesticks to their technical skill set will find that it suits their purpose. Since a picture is worth a thousand words, there are numerous illustrations and real-world charting examples included throughout the chapters. Through careful dissection of the charts, and the commentary and analysis included with them, youíll already be recognizing the key Japanese candlestick patterns and Western technical events before you finish the last page of this book.