how to read candlestick charts

Japanese Candlestick ChartJapanese Candlestick charts utilized by nearly every technical trader on Wall Street and around the world. What makes these charts so special is their uncanny way of revealing the market’s psychology. Here we cover the basics of how to read candlestick charts. In this series you will learn the following:

 

1. Japanese Candlestick Chart History

In 1710 the first futures contract was traded in the form of a rice coupon thereby becoming the first futures contract ever traded. Currency attempt of that time had failed, so these rice coupons became the medium of exchange in Japan. more…

2. How a Japanese Candlestick chart is constructed.

Thankfully most, if not all, charting services construct a Japanese Candlestick chart for us in milliseconds, but it is important to know how it is constructed to help interpret them. more…

3. Japanese Candlestick Chart Patterns and how to use them

To use Japanese Candlesticks patterns we must first understand visually the most important candles and series that form and their potential impact. more…

 

Be Sociable, Share!