Japanese Candlebook And The Candlestick E Book

Do you use candlestick to read the forex or index market?
or maybe you don't know why everybody use candlestick
or maybe you want to learn about Japanese Candlestick Formation
maybe this ebook will help you to know better what is Japanese Candlestick and how to use candlestick formation.

here some cut from the Candlebook;

You may be asking yourself, "If I can already use bar charts to view prices, then why do I
need another type of chart?"

The answer to this question may not seem obvious, but after going through the following
candlestick chart explanations and examples, you will surely see value in the different
perspective candlesticks bring to the table. In my opinion, they are much more visually
appealing, and convey the price information in a quicker, easier manner.

What is the History of Candlestick Charts?

Candlestick charts are on record as being the oldest type of charts used for price
prediction. They date back to the 1700's, when they were used for predicting rice prices.
In fact, during this era in Japan, Munehisa Homma become a legendary rice trader and
gained a huge fortune using candlestick analysis. He is said to have executed over 100
consecutive winning trades!
The candlesticks themselves and the formations they shape were give colorful names by
the Japanese traders. Due in part to the military environment of the Japanese feudal
system during this era, candlestick formations developed names such as "counter attack
lines" and the "advancing three soldiers". Just as skill, strategy, and psychology are
important in battle, so too are they important elements when in the midst of trading battle.

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