by Alan Northcott
|
| List Price: | $24.95 |
| Amazon Price: | $16.47 & eligible for FREE Super Saver Shipping on orders over $25. |
| You Save: | $8.48 (34%) |
| Average Rating: |  |
| Lowest New Price: | $14.94 |
| Availablitiy: | Usually ships in 24 hours |
|
 |
|
Product Description
The investment world is full of different methods for understanding how to best grow your rates of return and minimize risk. The Candlestick Charting method, first developed by Japanese rice traders in the middle of the 19th century, has become one of the favorite modern methods of analyzing and understanding the market through careful plotting and analysis of the data provided. This book will guide you through the seemingly complex, but revolutionarily, useful method of candlestick charting to gain the highest possible rates of return while ensuring your risks are as minimal as possible. Candlestick charting is a complex language all in itself and for that reason, this book will guide you through the entire process of understanding the language, starting with the very origins of the technique. You will learn how it was developed and why it is still used today, including what changes have been made to the methods by Western investors. You will learn how the candlestick charts are prepared and what the different line constructions signify. Additionally, you will be shown how to read and differentiate between the different bodies, including the short and long white and black bodies, to measure high and low price levels, support, and resistance. You will be shown the various additional forms such as spinning tops, shadows, and doji. Next, the various different candle lines are outlined in full detail, showing you dozens of different formations including the single candle lines of the hammer, the hanging man, and the shooting star , the dual candle lines of dark cloud over, the piercing pattern, the engulfing pattern, last engulfing pattern, and harami. You will also learn the window candle lines, as well as the formations of three or more candle lines. Analysis of candle lines and the technical aspects, including how to discern stops, the risk/reward in each line, trends, the use of computers, and how to place and offset trades will supply you with the necessary information you need to read the candle lines. By interviewing dozens of experts in the reading and analysis of candle charts, this book is able to provide a comprehensive perspective of candle charts and how you can start using moving averages, analyzing three line break charts, renko charts, and kagi charts. You will be provided with practice charts for all three major types and additional resources to help you learn how to read and analyze each type. For anyone interested in the centuries old Japanese style of market analysis that is candlestick charting, this book provides a comprehensive overview from the very origins to the most modern of interpretations.
Customers who bought this item also bought
Average Customer Review:
0 of 1 people found the following review helpful:
 Using Candlestick Charting, 2009-12-31
Using Candlestick Charting is a book for those who are interested in stocks and doing business deals. And coming from somebody that has never learned anything about candlestick charting, it was definitely a learning experience and something actually everybody should know, in case interested in making more money. Stocks can be tricky, and so can the different ways of earning money through stocks. The great thing about this book is it starts off telling you all about the different terms, and how to use them in terms of making money. Candlestick charting is not making money with an actual candlestick, in case you were as lost as I was. It actually refers to the rate of the money going up or down, and how if the charts are shaped in a candlestick way, it would be the best time to invest money, because it's bound to just keep going up. The Japanese are actually the ones to invent this method, and it's one of the best methods to use when predicting when the stock market is at it's peak.
After learning about the history of candlestick charting, you start to learn about more in-depth details about how to use the chart, and the different ways of going about doing it. This book is also instructive enough to provide pictures of the ways of using the chart, so that you can get an actual visual of how to use it when doing stocks. It's very informative and detailed, so there won't be one step that you will miss. There are also different chart names such as Renko and Kagi, that both help you in the same way, just in a different sort of way. The book goes into the history of each one of the charts, how they have changed and what they can do to help you make money through stocking.
I would rate this book a four out of five stars. It was great in detail about how to earn money through stocks, and very easy to learn. However, I think that they went a bit too into detail about the history of the stocks, rather than focusing on how to use those charts to earn money. Candlestick Charting is a great book to read when learning about stocks though, and I would recommend it to anybody interested.
2 of 2 people found the following review helpful:
Complete, Comprehensive Charting Guide!, 2009-11-02
For a complete beginner like me, this book is an excellent resource to learn Candlestick Charting from start to finish. It begins with the history and origins of Candlestick Charting, outlines all functions and relevant theories, and then delves into the heart of the matter: how to apply this knowledge to make money on the stock market. It's not dense mathematic formulations, either--it's approachable solutions to real-life economic trends and analysis for people of all trade skill levels. The charts are a little scary at first, but the author thoroughly explains what's going on and how to read them, so that when you turn back to the charts as an example later, they increasingly make sense to the novice analyst.
These theories are all just that, however. I wouldn't expect to close this book and start making tons of cash. The author is careful to emphasize the chance and analyst responsibility, which are the two external factors. However, this is an exhaustive and comprehensive foundational guide, so by the time you're done studying, you will be thoroughly prepared to begin charting as supplemental resource when making decisions in the stock market.
1 of 1 people found the following review helpful:
The Complete Guide to Using Candlestick Charting, 2009-08-24
Who would have thought that a guide to Japanese Candlestick Charting could be intriguing enough to captivate the uninitiated, yet absorbing enough to gratify the sophisticated investor?
The Complete Guide to Using Candlestick Charting fills the bill, highlighting both fundamental principles and high-level strategies. Incorporating case studies and Safety Zone timeouts into the fast paced, refreshingly jargon-free dialogue, it furnishes unique insight into the bullish and bearish markets, with tips for turning them to your advantage.
Armed with the book's astute principles (including the sage advice never to trade with money you can't afford to lose), your future in futures, or any other investment marketplace, is in your hands.
1 of 2 people found the following review helpful:
For the Serious Investor, 2009-08-03
The Complete Guide to Using Candlestick Charting is a very detail oriented guide for serious investors. Mr. Northcott explains the meaning of market patterns through the utilization of this ancient Japanese method of predicting the rise and fall of markets.
This complex book offers theories, principals and techniques that will aid investors in all variations of the economy. The explanation of this form of market analysis is combined with suggestions for sound investment practices.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|