If you’re looking to learn a lot about trading and using candestick chart patterns, this is a review today for the book Candlestick Charting For Dummies.
If you’re an experienced trader already and know a lot already, this book may not be right for you. However, if you are a complete beginner and are looking to learn ways for trading based on reading candlestick charts, this is a very good overview that will help you get on the fast path track to understanding and navigating your way through the confusing diagrams and lines!
Trying to make sense of candlestick charts as a complete beginner can be extremely confusing – especially when you are trying to see patterns but aren’t already familiar with trends and possibilities. This book helps simplify the technical aspects and gives you plenty of tools and trends to help you with identifying different candlestick patterns.
Learning new technical chart analysis strategies is a great way to expand your horizons and learn more each and every day about how the stock market can work.
The advantages to this guide is it is written without a lot of jargon – so you won’t need a dictionary or thesaurus sitting next to you in the process. There truly are points in the book where I was laughing at how simple they make it, because it is literally step by step in very plain terms.
These books do become quickly outdated based on the stock symbols they may use as examples, however the basics for the strategy and the information you will learn on how to read candlestick patterns and form your own strategies is timeless.
You’ll find yourself feeling much more confident in predicting stock market fluctuations and changes and be able to analyze the trading patterns in a way that will give you a non-emotional strategy to make trades with logic. We’ve written about why not being emotional in stock trading is important more than once!
Candlestick charting is not for everyone, but often times is quite powerful when predicting trends, especially when you combine it with other strategies for researching additional technical indicators. By understanding complex things such as trend lines, support levels, moving averages and more, you’ll soon be able to think like a professional stock trader!
Some of the things that are covered in this Candlestick Charting for Dummies Book include:
- How to Make and Read Candlestick Charts
- Learn ways of identifying and analyzing the basic patterns
- Go beyond the basics by working with more complicated multi-stick patterns
- Learn the keys for trading in bull and bear markets
- Learn the Warning Signs of a False Signal
- Learn Strategies to boost your market performance
This book again is not for the more experienced traders who might read our website – but if you are new to this, you will certainly learn a lot and find it very easily explained in simple terms.
Have you read this book yourself? Share your thoughts in the comments below.
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As always, we encourage you to do your due dilligence before purchasing anything as well as being responsible in your trading practices – we do not offer professional financial advice, and this information is presented only for research or entertainment purposes.