A question comes to the mind of every individual that why read the Candlestick patterns and it is fairly simple to answer the query as candlestick patterns increases accuracy of our trading decisions as these are the most intuitive, accurate means of determining price strength in any direction. Using candlestick patterns always increases accuracy. The reason to increase accuracy is to increase profits. If you can get “more accurate” you can become more profitable. Please click on above blue links to view the videos related to candlestick patterns.
Thus whether an individual is trading the stocks, options, forex or futures; one can not ignore the candlestick patterns and charting as a technical analyst is also called as a chartist. This should be an important tool in your armory for arriving at the trading decisions as it helps one identify the correct market forecast.
Candlestick Patterns are the premier tool for reading a chart and understanding the bullish, bearish or non-trending nature of any stock, forex pair or futures price.
One need not get to know all 42 Japanese candlestick patterns and signals and knowing the basic minimum as given in the videos is suffice to achieve a high degree of perfection. Knowing approx 18 candlestick patterns is sufficient to help you become a quality technical analyst. Most candlestick patterns are valid based only on the market activity of the previous few days. Click here to return to the page listing our all Share Market Video Tutorials which will help you become a perfect trader and sought after technical analyst in the market.
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