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Why use candlestick analysis? In the seemingly unpredictable world of securities trading, prices rise and fall over time. Seasoned traders and technical analysts, however, have discovered that history often repeats itself, as patterns emerge in price movements. By analyzing past levels of open, high, low, close, and volume, they can predict future trends and determine whether a security is overbought or oversold. Among the tools used for this purpose, candlestick analysis is a standout.
Benefits of Candlestick Analysis:
– Candlesticks deliver trade signals well ahead of price movements, providing an advantage over many other indicators.
– Candlestick charts are visually engaging. The color, shape, size, and location of the candlestick bodies offer essential insights into market conditions. This information is a valuable aid in making informed trade decisions, increasing your chances of success in trading.
What can this book do for you? The perception that mastering candlestick analysis is time-consuming often deters many from learning it. This book simplifies the learning process, enabling you to grasp and apply candlestick analysis effectively in a short time. It’s an invaluable tool for beginners to learn from basics to advanced levels, and for experts to refresh their knowledge and achieve consistent profits in trading stocks, derivatives, forex, and cryptocurrencies.
About the Selection of Candlestick Patterns:
The author has carefully selected 14 candlestick patterns for this book, based on studies by technical analysts. These patterns reportedly provide traders with over 85% of trade opportunities derived from candlestick trading and boast a win ratio exceeding 80%.
The book is divided into two parts:
– Part-I caters to beginners, explaining the anatomy and interpretation of candlesticks.
– Part-II breaks down the structure of the chosen 14 candlestick patterns in individual chapters. It reveals the logic behind each pattern and guides you on how to spot these patterns when they appear, interpret them, and make buy-sell decisions based on their signals.
By covering everything a trader must