The Japanese have used Candlestick charting for centuries.
Candlestick charting is more popular than ever today as it adds an extra dimension to trading to give any trader an edge.
If you are serious about making money, then you should consider candlestick-charting techniques.
History of Candlestick Charting
In the 1700's, Homma, a Japanese trader in rice, noticed how the price of rice was influenced by not only supply and demand, but also how the price was strongly influenced by the psychology of traders. He understood that when emotions came into play a vast difference between the value and the price of rice occurred.
This difference between the value and price of any commodity is as applicable to markets today as it was in rice centuries ago.
The re-emergence of Japanese candlestick charting in recent years owes much to the writing of Steve Nison, whose book, "Japanese charting techniques," is considered the definitive recent work on the subject.
[Read full article]
Candlestick charting is more popular than ever today as it adds an extra dimension to trading to give any trader an edge.
If you are serious about making money, then you should consider candlestick-charting techniques.
History of Candlestick Charting
In the 1700's, Homma, a Japanese trader in rice, noticed how the price of rice was influenced by not only supply and demand, but also how the price was strongly influenced by the psychology of traders. He understood that when emotions came into play a vast difference between the value and the price of rice occurred.
This difference between the value and price of any commodity is as applicable to markets today as it was in rice centuries ago.
The re-emergence of Japanese candlestick charting in recent years owes much to the writing of Steve Nison, whose book, "Japanese charting techniques," is considered the definitive recent work on the subject.
[Read full article]
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