How to Make Money Trading with Candlestick Charts By Balkrishna M Sadekar (Paperback)

Description

“Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures” is a comprehensive guide that explains how to make money by using the powerful and proven candlestick techniques. The book traces the origins of candlestick signals, which Japanese rice traders have successfully used for centuries to amass fortunes. These candlestick signals have been refined and tested over time and are now widely used in trading all financial markets, including stocks, derivatives, and currencies.

The book covers major candle signals and provides step-by-step explanations on how to recognize and effectively use them. Each candle formation reveals the underlying market psychology, helping traders gain valuable insights into market behavior. The author explains how to combine candlestick signals with Western technical analysis to identify high probability trades that can generate explosive profits.

One of the key benefits of candlestick charting is the ability to set appropriate stop-loss levels for various candlestick signals, which can help traders manage risk effectively and cut losses when necessary. By mastering stop-loss settings, traders can gain a significant advantage over their peers.

The book also highlights how the use of candlesticks with technical analysis creates a simple mechanical trading system that eliminates emotional interference, panic, and greed. This approach helps traders stay disciplined and focused, leading to more consistent and profitable trades.

Additionally, the book provides insights into using candlestick charts for longer-term trading and investing, making it a versatile tool for traders of all styles. The author shares proven trading ideas, tips, and common mistakes to avoid based on his rich experience in trading stocks and options.

Whether you are a new trader or an experienced one, “Candlestick Charting Explained” equips you with the knowledge and techniques to derive systematic and consistent profits from the market by incorporating candlestick charting into your trading arsenal.