October 21, 2017

Do You Really Need A Candle Stick Course To Be A Successful Investor?

Let’s take a moment to separate some fact from fiction. Do you really need a candle stick course to be a successful investor? No, of course not. There are always exceptions to every rule. However, the overwhelming majority of people who have become self-made millionaires as a result of trading in the financial markets have used candle stick charts to give them the edge they needed.

Why are candle stick charts so popular amongst wealthy traders? It has a lot to do with the fact that these charts enable traders to quickly and easily spot profitable trends. As a result, trades can be made that have a higher probability of producing a profit. Stop and think about the logic of that for a moment. Why would you want to spend countless hours doing fundamental analysis when you could look at a chart and quickly make a determination as to whether or not a profitable trade can be made?

Another factor that needs to be taken into consideration is the amount of time that you realistically have available to devote to your trading activities. If you’re just getting started, there’s a reasonable chance that you want to become a successful investor in the shortest amount of time possible. If that’s the case, then you need to use a trading methodology that gives you a reasonable chance of reaching your goal. Investing in a candle stick course is one way for you to leverage your time effectively.

At the end of the day, you don’t need to necessarily invest in a candle stick course to be a successful investor. But as mentioned a moment ago, it really makes a lot of sense to emulate people who are already self-made millionaires as a result of their trading activities. If these people are actively using candle stick charts, then you should seriously consider doing the same thing. But before you do so, it’s important that you be willing to learn as much as possible about these charts so that you can learn how to interpret them and spot profitable trades faster than the competition.

Don’t forget, the amount of money you may have to spend to gain access to a high quality candle stick course pales in comparison to the amount of profit you have the potential to generate through your trading activity. Therefore, don’t allow yourself to be dissuaded by what may seem like a high-priced course. It’s ultimately a drop in the bucket relative to the amount of money you have the potential to make.

The Majority Of Stock Market Millionaires Have Invested In A Candle Stick Course — Are You Ready To Join Them?

Few people realize the fact that the majority of stock market millionaires have invested in a candle stick course. Are you ready to join the ranks of successful traders who make a lot of money in the market? If so, then you need to be willing to embrace the reality that without access to the right knowledge and tools you simply will not have the same odds of being successful.

Let’s face it, the financial markets are not fair. People who have access to knowledge and tools that give them an edge will typically outperform those who are simply placing trades based on intuition and guesswork. Why do you think the majority of stock market millionaires have invested in a candle stick course? They have done this because they understand that the only way to provide themselves with the edge they need is to be educated.

That being said, you may be reluctant to spend any money on your education. You may have heard that it makes more sense to simply start trading in the stock market immediately and to learn about the process on your own. While there is nothing inherently wrong with trading in the market with your own money — it’s oftentimes a mistake to do so before you have an understanding of how the markets work. At a bare minimum, you definitely owe it to yourself to learn as much as possible about candle stick charts.

Why are candle stick charts so useful? Generally speaking, it’s because these types of charts allow traders to quickly and easily assimilated a lot of information pertaining to a particular stock. There is very little time to investigate all the financial data and other fundamental metrics of a company when deciding whether or not it makes sense to pull the trigger on a trade. A candle stick course will allow you to spot profitable trades and to potentially make a lot of money quickly without having to know a lot about the underlying stock. Think about that for a moment. Can you see how that would be of benefit to you as a trader?

As with anything in life, it really comes down to you making a decision. You need to make a decision as to whether or not you’re truly serious about making a lot of money in the stock market. If you are prepared to join the ranks of stock market millionaires, you need to be willing to invest in a high quality candle stick course.

Don’t Let The Cost Of A High Quality Candle Stick Course Stop You From From Getting The Edge You Need

Far too many people make the mistake of getting stuck on the cost of a high-quality candle stick course. Listen, if you’re somebody who’s truly serious about making a lot of money in the financial markets, then you need to provide yourself with the edge that you’ll need to be successful. The only way for you to successfully compete in the highly complex financial markets that we have today is to be educated.

Education sometimes gets a bit of a bad rap. People want to start making rapid-fire trades under the assumption that they can begin making money immediately. While it’s certainly true that skilled traders can make several thousand dollars in a matter of minutes — these are people who have invested a lot of time and money on their education. They also often have years of real-world experience.

Think about the amount of money that you want to make in the financial markets. For example, maybe you are thinking it would be nice to make $40,000-$50,000 in the next six months. Would you really think twice about investing in a high-quality candle stick course that costs $2000? Think about the economics of that transaction for a moment. You’re investing $2000 and providing yourself with the knowledge and expertise that’s necessary to potentially make $40,000-$50,000 inside of six months. It’s a no-brainer.

We’re all adults here — we know there are no guarantees that anybody will ever make any money at all in the financial markets. But let’s get real for a moment. We all know that there are a lot of people out there making obscene profits every single day. How are they doing it? It’s simple. They have a game plan. They know what they are doing. They understand how to use candle stick charts to spot profitable trades. It’s really that simple.

To the extent you want to be an ultra successful trader in the financial markets, you need to be willing to spend some time and money giving yourself access to the knowledge and tools necessary to be successful. It’s as simple as that. Don’t make the mistake of thinking that you can learn how to make money in the financial markets on your own. That is a frustrating and extremely costly process that you do not need to go through in this day and age when there is so much information out there that you can quickly and easily access for a modest fee.

How A Candle Stick Course Can Dramatically Improve Your Trading Performance

There are several ways in which a candle stick course can dramatically improve your trading performance. But first, you need to make a decision. You need to decide whether or not you want to be a successful trader. That may strike you as a silly question, but far too many people get into this business without having a clear objective of what they want to accomplish.

Let’s face it, the vast majority of people who get involved with trading will ultimately lose all their money. These people aren’t inherently bad or stupid, they just lack a clear focus and a determination to succeed. If you want to make as much money as possible as a trader in today’s competitive market environment, then you really need to think about investing some time and money on a high-quality candle stick course.

These days, there is simply far too much information for trader to assimilate. You can’t spend half the day researching the fundamentals of a company to figure out if their stock is worth buying. Likewise, it’s virtually impossible to pour over all of the macroeconomic data necessary to make an intelligent decision as to whether or not a particular currency pair may be worth trading. Candle stick charts are used by the pros to help them make more intelligent trading decisions. You should use these charts, too.

To the extent you happen to be brand-new to the world of trading in the financial markets, and you’ve made a clear decision that you want to be successful, then you definitely need to invest the time and money necessary to educate yourself. Some people think that the best way to learn how to trade in the financial markets is to deploy their own capital and to begin trading immediately.

There is nothing inherently wrong with the idea of trading with real money while you’re learning. However, stop and think about what that means. You’re risking what could very well be irreplaceable capital in a venture that you know very little about. Does that make sense to you? The overwhelming majority of successful traders got their start by learning as much as possible about candle stick charts. Then, only after they had some experience, did they begin trading with some real money.

So how exactly can a candle stick course dramatically improve your trading performance? Simply put, this type of course will give you the knowledge and information necessary to correctly and profitably interpret candle stick chart patterns. This will allow you to quickly and easily pull the trigger on trades and make more money than you could ever have imagined possible.

People Who Take A Candle Stick Course Generate More Consistent Profits

Numerous studies have revealed that people who take a candlestick course generate more consistent profits. This makes a lot of sense considering the fact that somebody who has no formal education with her guard to making money in the markets often times is at a disadvantage unless they are willing to invest in the tools and knowledge necessary to be successful.

Generally speaking, there are two basic ways to determine whether or not a particular investment or trading opportunity makes sense. The first methodology is to use something called fundamental analysis. This generally revolves around studying macro economic information as well as information that is specific to the company or commodity market that is being examined.

The second methodology revolves around something called technical analysis. This is a process in which no macro economic information is considered and instead of trading decision is made based purely on that chart pattern of stock or commodity being examined. Does that make sense? In other words, you’re looking at a chart — oftentimes a candle stick chart — and making a trading decision based on various factors and attributes that are present in the chart.

Somebody who chooses to try to make money in the markets through the use of candlestick charts is making a very serious mistake if they do so without first investing some time and money to learn as much as possible about how these charts work. That is why it makes sense to take a candle stick course. It also helps explain why people who take a candle stick course generate more consistent profits.

You need to make a decision as to whether or not you are truly serious about maximizing the amount of money you have the opportunity to make in the market. If you decide that this is something you are truly interested in doing, then you need to make an effort to learn as much as possible. Something you will discover rather quickly is that many of the most successful traders in the market today use technical analysis to determine whether or not a particular trade looks promising.

Assuming for a moment that you choose to follow in the footsteps of some of the most successful traders in the market today, then not only will you be using technical analysis as a means through which to make investment decisions, but you will more than likely be using candle stick charts. Therefore, it makes a lot of sense to learn as much as possible by taking a candle stick course.

Can A Candle Stick Course Really Help Improve Your Trading?

Have you ever wondered whether or not a candle stick course can really help improve your trading? If so, you’re not alone. The simple fact of the matter is that the overwhelming majority of successful traders participating in the market today are highly skilled candle stick chart readers. This begs the question — why are candle stick charts so popular amongst successful traders? Furthermore, should you consider investing in a candle stick course?

In many markets, including the commodities market, there is simply too much information for a trader to assimilate before making a trading decision. As a result, candle stick charts serve as a useful substitute. In other words, by studying the chart, a trader can make an intelligent decision as to which direction a particular stock or commodity might be going in the near future.

As you can imagine, a candlestick course can provide a new trader with the knowledge and information necessary to appropriately interpret a candle stick chart. In fact, when you really stop and think about it, investing several thousand dollars towards your education as a trader is a small price to pay considering the amount of money you have the opportunity to make if you know what you’re doing.

As a general rule, technical analysis is oftentimes favored by most traders given the fact that, as mentioned a moment ago, there is simply too much information to assimilate prior to making the trading decision. By studying a candle stick chart, a trader is being provided with a snapshot of information that can be used to make a more intelligent trade.

In the final analysis, you need to make a decision about whether or not you plan to be a successful trader. If so, then you need to be willing to invest time, effort, and money towards your education. This is why a candle stick chart can be so incredibly useful. Not only will you be obtaining a baseline level of knowledge and information about how candle stick charts work, but you will be positioning yourself to make significantly more intelligent trades.

Remember, the overwhelming majority of people who are successful traders will be the first to tell you that they have invested a lot of time and money in their education. It’s in your best interest to model this behavior is to be willing to invest some money in your education before you start trading in the markets with real money.

How To Enhance Your Day Trading Performance With Candlestick Charts

Are you interested in enhancing your day trading performance? If so, there are a variety of technical analysis tools that you should be familiar with. One in particular is something called a candlestick chart.

Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time.

Candlestick charts are a combination of a line-chart and a bar-chart. A candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for day traders to help when it comes to making a decision. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.

The reason why this particular chart is used by so many professional day traders is because it reveals a lot of information about what’s going on in the market. The simple fact of the matter is that if you want to enhance your day trading performance, you need to be willing to invest some time and money to acquire the tools and knowledge necessary to give you an edge.

When you study what some of the most successful day traders in the market are doing today, you quickly realize that these are people who never stop learning. Not only do they consume a lot of educational materials pertaining to the market, they also make an effort to learn how to use various tools that can give them an edge.

You may be wondering why candlestick charts — or any chart for that matter — would be such a useful tool for a day trader. What you need to keep in mind is the fact that the most profitable trades will only present themselves to those who are able to assimilate as much market information as possible in the shortest period of time.

Given the fact that it’s virtually impossible to track all of the news that revolves around various stocks, currencies, and futures contracts — technical analysis becomes a crucial tool that ultimately gives a day trader the edge necessary to make profitable trades on a more consistent basis.

Think about it this way — what you’re ultimately looking for are sharp movements in the price of the underlying trading vehicle. If you can spot a pocket of momentum that’s developing, that’s when you want to get in and maximize your profits. It’s like a surfer catching a great wave just as it’s starting rise out of the ocean. The candlestick chart reveals all of this information in a simple to understand manner.

To the extent you are truly serious about enhancing your day trading performance, then you definitely owe it to yourself to invest the time and money necessary to learn as much as possible about candlestick charts. You’ll be glad you did.

Beware Of The Dead Cat Bounce When Attempting To Pick A Bottom

One of the biggest challenges faced by day traders when evaluating a candlestick chart is to detect whether or not the true bottom has been established or if what is being witnessed is essentially a dead cat bounce. Let’s take a step back and explain some of this terminology just in case you’re not familiar with it.

Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time. Candlestick charts are a combination of a line-chart and a bar-chart. A candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for traders to help when it comes to making a decision.

A dead cat bounce is the term used within the world of technical analysis to describe a scenario wherein a short-term pocket of momentum appears to be the point at which an underlying investment vehicle has bottomed out. However, this bounce in price oftentimes does not last. That’s why it’s referred to as a dead cat bounce. Once the pocket of momentum is extinguished, the price drops back and stays down.

Needless to say, acquiring the knowledge and skills necessary to successfully pick a bottom when using a candlestick chart requires a lot of time and patience. However, one relatively simple trick that you can start using right away to help you avoid a dead cat bounce is to look at the amount of volume that accompanies the pocket of momentum that shows up on the candlestick chart.

In the overwhelming majority of cases, a dead cat bounce will not be accompanied by heavy volume. In addition, the price will typically close near the middle to bottom of the trading range for the day. What you ultimately want to see is some confirmation within the candlestick chart that a true bottom has been established.

The reason why so many inexperienced traders fall into the trap of buying into a dead cat bounce is because they are fearful of missing the bottom. In essence, these individuals lack the patience that more experienced traders have developed over time.

To the extent you happen to be somebody who is seriously interested in learning more about candlestick charts, you definitely owe it to yourself to invest the time and money necessary to acquire the knowledge and skills that will give you the edge you need when making trades.

Don’t make the mistake of assuming that you can learn everything that you need to know about candlestick charts on your own. Save yourself time and money by investing in a high quality candlestick chart course. You’ll be really glad that you did — and the results will show in your trading performance.

Can Candlestick Charts Improve Your Day Trading Performance?

Many people often wonder whether or not candlestick charts can improve their day trading performance. This is a great question given the fact that there are a variety of technical charting tools that successful traders use to help them place profitable trades on a consistent basis. One of those tools, in fact, one of the most IMPORTANT tools, is the candlestick chart.

Before we go any further, let’s describe what we mean when we talk about candlestick charts. Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time.

Candlestick charts are a combination of a line-chart and a bar-chart. For instance, a candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for day traders to help when it comes to making a decision. Here’s an easy example… when a bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.

What you need to keep in mind is that candlestick charts by themselves will not help improve your performance as a day trader. In addition to the charts themselves, you really need to have the knowledge and skills necessary to know how to interpret the information. That’s why serious day traders are willing to invest time and money to learn as much as possible about interpreting candlestick charts.

When you really stop and think about it, the amount of time and money that you spend learning how to use candlestick charts pales in comparison to the amount of money that you have the potential to make once you master how to read and interpret these charts. Don’t make the mistake of assuming that you can figure out how to use candlestick charts like a pro all on your own.

 

candstick

While it’s certainly true that candlestick charts can help improve your day trading performance, that cannot happen unless you’re willing to really get serious about learning as much as possible about candlestick charts.

If you are reading this, there is a reasonable chance you really ARE serious about making a lot of money in the market. That being the case, why not invest in a high-quality candlestick chart course that can give you the knowledge you need to maximize your trading profits?

Once you master candlestick charts, you’ll be able to make trades that are more timely and profitable than ever before. Just imagine what it will feel like to confidently place trades knowing that your odds of success are dramatically higher thanks to your knowledge of chart patterns.

When you look around and study what the most successful day traders in the business are doing, you’ll see that the vast majority of these individuals have invested the time and money necessary to become expert candlestick chart readers. You definitely owe it to yourself to become one too.

Heikin-Ashi Candlestick Charting

Depending on the charting package that you use, you may have been intrigued to see the name Heikin-Ashi as one of the options. Heikin-Ashi is Japanese for “average bar”, and the method of plotting is a way to smooth out the fluctuations that you typically see with normal candlestick charting. In use, you would need to see both charts as the Heikin-Ashi is not a substitute for a normal price chart, but simply provides a different window on the information.

The open-close-high-low prices are plotted in the same way as a regular candlestick chart, but they are calculated in a different way rather than simply being at the prices that were traded. For convenience, I’ll refer to them as the HAopen, HAclose, HAhigh, and HAlow.

The opening price HAopen is calculated from the previous day, and is the average of the previous day’s HAopen and HAclose. Basically a different description of where the price was reckoned to be by the market previously, and therefore leading into the present day.

The closing price HAclose is the average of the current bar’s OHLC, the actual trading prices for today. Once again, you can view this as a description of where the market thinks the price should be on this day, and therefore the settled closing price.

Having defined the HAopen and HAclose, the other two are easy. HAhigh is the highest of the actual high price, the HAopen and the HAclose. HAlow is the lowest of the actual low price, the HAopen and HAclose.

Incidentally, you can see that you need a Heikin-Ashi calculation of the previous day to even draw the charts properly. However, if you start with conventional values for the first day plotted, it will rapidly fall in line with the true HA values.

The result of this blending of prices is that the candles drawn are much more indicative of the trends. Here is a normal chart for BAE Systems –