Forex Trading With Japanese Candlesticks

It is not my direct intention to educate anyone of the proper use of Japanese candlesticks since there are much better educators in the field than I am. My goal is to share tools that I have developed for forex trading system reviews that work extremely well in order to help you become a better investor and to reach your financial goals that you may have only dreamed of. The most recent discovery, and the subject of this article, is the original way to trade Japanese candlesticks and their use in conjunction with Sokyu Honma's five Sakata methods. He currently trades the markets, writes, lectures and does research on technical analysis. A westerner by the name of Steve Nison discovered this secret technique on how to read charts from a fellow Japanese broker and Japanese candlesticks lived happily ever after. Steve researched, studied, lived, breathed, and ate candlesticks; then he began writing about it and slowly it grew in popularity in 90s.

There are about 40 patterns of reversal and continuation that can be trading signals for you while using Japanese Candlesticks. Any of these patterns may possibly predict future price movement. Japanese Candlesticks are the oldest form of technical analysis in the world. Japanese Candlesticks were invented by a Japanese rice trader, Sakata, in 17th century. Since then, they have been developed and refined into techniques that use the Japanese Candlesticks to consistently pull profits from any kind of market. Bull or bear, stocks, commodities, currency trading with automated forex trading systems, or tulip bulbs, it doesn't matter.

There is a little function that charts financial data using Japanese candlesticks. It takes as input highs, lows, opens, and closes, and plots the candlestick boxes, both the body part, black or white, and the shadow part, above and below the body part. If you are considering using Japanese candlesticks, then stop considering and start learning. There is no better way and that's a fact. These charts, commonly known as Japanese candlesticks, were developed in Japan and provide a visual description of the periodic movement in stock price. A clear, white candle represents a period in which the stock closed higher than it opened representing a rising trend.