Monday, May 24, 2010

Candlestick Investing - Its all about the Patterns

No matter what market or instrument you trade candlestick investing is the most important tool you will ever use. Chances are you are new to using candlestick investing in your trading so pay attention this is valuable information and it will help you make better trading decisions.
Candlestick investing is simply an art of using multiple candlesticks in 1 pattern to try and determine or forecast future price direction. It is almost an art but its also very intuitive. Simply learning the patterns that are high odds is all you need to get started.
Candlestick investing is intuitive, easy to implement and more accurate than any other form of trading. With candlestick investing you will be able to see the strength and weakness in the stock market or forex market in any time frame.
You could be looking at a weekly chart or even a 1 minute chart the time frame doesn't matter the strength or weakness will be revealed in the pattern.
You have a few choices when it comes to how you view price action. You can select a line chart, a bar chart or the highly accurate candlestick chart. Only the candlestick chart allows the use of high odds candlestick patterns. This is the premier choice for 99% of all professional traders.
It is the easiest most intuitive means of defining what price is doing right now. When you combine your candlestick investing knowledge with simple support and resistance you get an unmatched ability to find high odds entry and exit signals in short order.
As an example one of the most popular patterns you will learn is the doji, or doji star pattern. It looks like the letter "t" or a cross. It tells is that the current trend might be losing its strength and to be ready.
Candlestick investing has become the tool for professionals abroad since they were first used in the 80's by Steve Nisan. It's almost hard to believe that this powerful means of forecasting future price direction has been around for such a short time.
If you haven't made the switch to candlestick patterns yet its not to late. Although you are most definitely not the first to switch, I can guarantee your not the last. Its never to late to join the growing number of candlestick investing fans.

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