top 8 candlestick pattern books
A candlestick pattern is an analysis tool used in financial analysis to represent daily price movement in a graphical format on a candlestick chart. represents a full day’s price movement of stocks, derivatives and currencies, thus forming a pattern. This pattern helps analysts predict future price movements based on historical price patterns. it is a powerful business tool, with many books written about it. some of the best candlestick pattern books are:
- how to make money trading candlestick charts (get this book)
- candlestick charts for dummies (get this book)
- the candlestick course : A Market Book (Get This Book)
- The Ultimate Guide To Candlestick Chart Patterns (Get This Book)
- Don’t Trade Before You Learn These 14 Candlestick Patterns Candlestick Charts (Get This Book)
- Candlestick Charts Explained: Timeless Techniques For Trading Stocks And Futures (Get This Book)
- 21 Japanese Candlesticks Every Trader Should Know (Get this book)
- candlestick patterns for beginners: the real price action series (get this book)
let’s go through each book and its key points to understand the importance of candlestick patterns and how a trader can use them –
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#1: How to make money trading candlestick charts
by balkrishna m. sadekar
The book was first published in 2015 and provided a step-by-step process and execution plan for making money by involving powerful candlestick patterns and techniques.
book review
The book focuses on how the Japanese have used candlestick techniques for over four centuries to make a lot of money. the book first explains the basics of candlestick patterns and then discusses how to make money. finally, the author describes how to take advantage of high-probability trades and eliminates factors such as gluttony, emotional interference, etc. the book itself is one of the best candlestick pattern books for amateurs and professionals.
key points
- The book offers market-tested insights and the author’s personal experiences on using candlestick patterns in trading.
- The author explains the simple mechanical trading system with the help of candlestick techniques.</li
- discusses the different types of candlesticks and the underlying market psychology.
#2 – candlestick charts for beginners
by russell rhoads
The book came out in 2008 and explained candlestick patterns in the most basic format. allows new traders or investors with minimal knowledge of the stock market to educate themselves.
book review
the book provides a brief overview of price action, complex indicators, support levelssupport levelssupport level (sl) refers to a point in security trading below which the security’s price does not fall .read more, trend lines, moving averages and other concepts and terms. is a practical guide for new traders and investors inclined to learn more about candlestick patterns. In addition, the author teaches how to combine Japanese candlestick patterns with indicators. he believes that one can find the right time to trade (buy or sell) and make a profit with the correct application of candlestick patterns.
key points
- the book explains how to build candlestick charts, avoiding false signals.
- discusses the advantages of candlestick patterns.
- the author explains bull markets in detail and bearish, working on complex patterns and identifying market activity.
#3 – the course of the candles
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by steve nison
The book was published in 2003 and its author, Steve Nison, wrote it so that anyone could understand how candlestick patterns work and their importance.
book review
The author explained the complexity of patterns and how investors can use them to make money in the stock market beyond the basics. he has a reputation in the field of studying Japanese candlestick patterns and charts. The book does not withhold theoretical knowledge, but instead provides readers with practical knowledge with proven techniques to improve investment practices. serves as a complete answer book for people seeking new age investing.
key points
- the book contains many examples, questions and answers, quizzes and tests.
- deals with the complexity of building and understanding sails.
- the author has information for every level of investor and explains many proven investment techniques.
#4: The Ultimate Guide to Candlestick Chart Patterns
by steve burns and atanas matov
The book was published in 2021 and therefore shares a new age perspective that encompasses all the historical examples that new investors can learn from.
book review
The book presents a candle with more than 30 patterns and detailed examples of candles. In addition, the authors share the exit and entry suggestions, trading tips, and all the inside-out information regarding reading, exploring, and understanding Japanese candlestick patterns. Steve Burns, one of the authors, has been investing in the stock market for more than two decades and is the author of six other books.
key points
- color, part and treble. and lows of candlesticks.
- Authors share knowledge and collaborative views on candlesticks.
#5 – don’t trade before learning these 14 candlestick patterns
per page. arul pandi
The book was initially published in 2021 and featured 14 candlestick patterns that every trader should know. is considered to be one of the best candlestick pattern books for people.
book review
The book is divided into two sections. The first section explains the body and language of candlesticks. and the second section teaches how to detect patterns and occurrences and their interpretation. The author discusses price movements, moving averages, and time, and offers 85% opportunities with a win rate of up to 80%.
key points
- The book talks about techniques for making profits using Japanese candlestick patterns.
- It is divided into two parts, each dedicated to a defined goal and teaching.
- This book teaches the basics to advanced techniques in candlestick trading, helping new traders learn and consistently make money in stocks, indices, commodities, forex and cryptocurrencies.
#6 – Japanese candlestick charts explained: timeless techniques for trading stocks and futures
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by gregorio l. morris
The book was published in 1995 and is known for developing Japanese tools to explain price movements in the financial and commodity marketscommodity marketsthe commodity market is a place where people buy and sell positions in commodities such as oil, gold, copper, silver, barley, wheat, etc. Started with agricultural commodities, there are now fifty major commodity markets around the world, dealing with more than a hundred commodities.read more.
book review
The book has significant insights with practical examples of how a trader can use candlestick patterns for profit. The book essentially deals with the concept of price movement and its occurrence and interpretation through the knowledge that an investor can gather. In addition, the book talks about the types of Japanese candles and their importance with each element of the financial markets.
key points
- The book explains Western chart analysis and Japanese candlestick analysis.
- The author provides a wide range of applications through different candlestick analyses.
- explains how to group candlesticks into families, spotting and avoiding false signals.
#7 – 21 Japanese candlesticks every trader should know about
by melvin paternak
The book was originally published in 2006 and the author has highlighted some of the most important candlestick patterns for people who are new to the field.
book review
The book reveals many important questions that new traders and investors often have about why candlestick patterns are important and what people can learn from studying them. the author talks about such patterns and hand-selects the 21 most important patterns from over a hundred patterns and gives a complete and detailed overview of all of them to the readers.
key points
- The book provides information on the 21 Japanese candlesticks that every trader should know.
- It has a collection of approximately 100 Japanese candlestick charts.
- The author explains terms such as reversal patterns, emerging trends, continuation patterns, etc.
#8 – Japanese candlestick patterns for beginners: the real price action series
by derby matoma
The book was published in 2021 and therefore shares some of the new and unique concepts and examples for beginners to relate to candlestick patterns.
book review
The book teaches beginners how to identify and interpret different candlestick patterns and the types of patterns to study and keep in mind when analyzing charts and other technical indicators. In addition, the author talks about the combination of candlestick patterns with technical indicators to indicate accurate and suitable investment strategies. investment strategies investment strategies help investors determine where and how to invest based on their expected return, risk appetite, corpus amount, holding period, retirement age, industry. of choice, etc.read more and precise execution. It is not a theory book but it can be combined with practical knowledge.
key points
- The book explains effective candlestick strategies and tools and patterns to get good results.
- It is for people who are very new and don’t know much about candlestick trading.
- the author generally dealt with the topic of market behavior.
- ranks highly among the best candlestick pattern books for people.
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This has been a guide to the 8 best candlestick pattern books. here we briefly discuss them, review them, and explain why beginners should read them. you can also take a look at these suggested books below –
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