Candlestick Charts
Candlestick charting is the oldest form of charting for stocks. It was developed for the rice commodities market in Japan in the 16th century. It was only recently introduced to western technical analysts in the mid 1990s by Steve Nison and it has grown in popularity among professionals.
What makes this kind of charting so superior to all others is the ease of use and readability of stock patterns. However, many of the candlestick training programs make candlestick charting far more complicated and confusing than it needs to be.
TechniTrader® has developed a unique approach to teaching candlesticks that is fast, easy to learn and useful for novice and experienced traders.
If you are new to the market or a novice trader, what you need to know first is that white candles represent up days, and black candles represent down days. Can you see the white and black candles on this chart? The last candle on this chart is a buy signal. It is white and represents price action that is moving up after a mild retracement.
If you are an advanced trader, you must understand the use of candlesticks and indicators in your trading. Your success is dependent upon strong and practiced technical analysis skills. Candlesticks and indicators are a key component of your trading and you cannot afford to overlook that part of your training.
Price is the most important aspect of a stock chart and is, itself, an indicator. The size, placement, color, and length of the wick and tail of a candlestick all tell you critical information about price action. Candlesticks also give you better profit stop placement on your stocks, protecting more of your profits as a stock moves up. Candlesticks work extremely well with indicators in your analysis. The combination of the two gives you a complete and reliable stock analysis before you ever risk your capital.
TechniTrader® starts with the basics of candlesticks, teaching you all concepts of candlesticks in your trading. We teach you the most common and reliable buy and sell signals that form in today's market. You will learn what groups of candlesticks mean in price action. When you can see the relationship between up days and down days and current market conditions, you have complete information about what is going on behind the scenes in stocks. This training gives you far more reliable entries, exits, and potential point gain calculation than traders who simply guess or buy and sell at market.
Advanced traders can also get more information about candlesticks in
The Definitive Guide to Candlesticks Course
– training that gives you a master’s insight into candlesticks and the market.
Remember, you must never trade stocks blindly!