The Candlestick Trading Bible PDF by Munehisa Homma is an essential guide for understanding the complex world of Japanese candlesticks. Published by Traders Press in 2001, this book provides a comprehensive look at how these popular technical analysis tools can be used to aid traders in their decision-making and trading strategies.
The book explores various candlestick patterns, including single-day and multi-day formations. It also covers topics such as momentum and reversals, money flow indicators, support and resistance levels, and how to use candlesticks to identify breakout trades. Each chapter starts with a concise overview of the concept being discussed followed by an in-depth explanation and plenty of examples for how to use the patterns in practice.
The Candlestick Trading Bible has been praised by traders and industry experts alike. It is considered one of the best books on candlesticks and has sold over 25,000 copies worldwide. The book is available as a hardcover, paperback, or eBook edition and can be found at leading online retailers.
Table of Contents
The Candlestick Trading Bible Summary
The book starts by introducing the reader to Munehisa Homma, the legendary trader credited with developing the candlestick trading system centuries ago. The author then provides a detailed overview of the psychology behind candlestick charting.
He explains how these charts can be used to forecast price movements and offers practical advice on when to enter and exit trades based on the signals they provide. The book then covers the basics of candlestick charting, such as why it works and how to interpret the different patterns that can be seen on a chart.
The author further explores advanced topics, such as using multiple timeframe analysis and developing custom indicators. He also explains how to use candlesticks to identify market trends, read price action and anticipate support and resistance levels. The book concludes with a thorough discussion of risk management principles and techniques for managing trading positions. The book also contains a charting template that can be used to test the system in practice. Ultimately, the Candlestick Trading Bible provides an in-depth look at how candlestick charting works and how to apply it in the real world.
Details of The Candlestick Trading Bible Book
|Book||The Candlestick Trading Bible|
|Originally published||March 29, 2022|
|Category||Business & Economics|
|Publisher||Lulu Press, Inc|
Multiple Languages Editions of The Candlestick Trading Bible Book
The Candlestick Trading Bible book by Munehisa Homma has been translated into multiple languages to make it accessible to a wider audience.
|Book Editions||Check Now|
About the Author
Munehisa Homma was a Japanese merchant and trader who lived during the Edo period (1600-1868) of Japan. He is widely considered to be one of the first technical analysts in history and his trading strategies were largely based on candlestick charting techniques.
Homma developed sophisticated trading techniques that allowed him to make huge profits in the rice markets of Osaka and Dojima, which were the two most important rice markets in Japan at the time. He utilized his vast knowledge of Japanese candlestick price patterns to predict future market movements and profit from them. Homma’s success came to be known as “Homma-san’s Rice Trading Strategy” or “Sakata-style Trading”.
Homma also became well known for his book, The Candlestick Trading Bible, which was published in 1755 and is considered to be one of the earliest books on technical analysis. The book includes detailed information about Japanese candlestick trading techniques, as well as insightful market observations and trading strategies.
The impact of Munehisa Homma’s work is still felt today, as candlestick charting is now a widely used technique in technical analysis. His trading strategies and insights are still highly relevant even in the modern-day financial markets, making him a hugely influential figure in the world of trading.
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FAQs(Frequently Asked Questions)
What is The Candlestick Trading Bible about?
The Candlestick Trading Bible is a comprehensive guide to the use of candlesticks for trading.
How long does it take to read The Candlestick Trading Bible book?
On average, it should take about 8-10 hours to read through The Candlestick Trading Bible book.
What kind of advice does The Candlestick Trading Bible book offer?
The Candlestick Trading Bible book covers a wide range of topics related to trading with candlesticks.
What are the benefits of The Candlestick Trading Bible?
The Candlestick Trading Bible offers traders a comprehensive and up-to-date guide to the use of candlestick patterns for trading.
Who is the target audience of The Candlestick Trading Bible book?
The Candlestick Trading Bible book is targeted towards traders of all levels, from beginner to advanced.