|
Published:
June 28, 2022

Candlestick Charting For Dummies

Overview

Demystify stock charts so you can up your investing game

Candlestick Charting For Dummies is here to show you that candlestick charts are not just for Wall Street traders. Everyday investors like you can make sense of all those little lines and boxes, with just a little friendly Dummies training. We’ll show you where to find these charts (online or in your favorite investing app), what they mean, and how to dig out valuable information. Then, you’ll be ready to buy and sell with newfound stock market savvy.

Candlestick Charting For Dummies helps you build a foundation of investing knowledge and lingo (bullish? bearish? What is a candlestick, anyway?), then shows you the chart-reading ropes with relevant and easy-to-understand examples. It covers the latest investing technology, cryptocurrency, and today’s somewhat-less-predictable market environment.

  • Get a refresher on stock market terminology and investing basics
  • Discover how easy it is to understand price history and movement with candlestick charts
  • Identify the best times to buy and sell securities, including stocks and crypto
  • Learn from real life examples so you can invest with greater confidence and success

This is the Dummies guide for beginner and intermediate investors who want to make smarter decisions with a better understanding of how to read candlestick charts.

Read More

About The Author

Russell Rhoads, PhD, is head of research at EQDerivatives and an Associate Clinical Professor at the Kelley School of Business at Indiana University. He has over three decades of experience focusing on trading and the financial markets. Rhoads is the author of the previous edition of Candlestick Charting For Dummies.

Sample Chapters

candlestick charting for dummies

CHEAT SHEET

Make smart trading decisions using candlestick charting. This cheat sheet shows you how to read the data that makes up a candlestick chart, figure out how to analyze a candlestick chart, and identify some common candlestick patterns.Constructing a candlestick chartFour pieces of data, gathered through the course of a security’s trading day, are used to create a candlestick chart: opening price, closing price, high, and low.

HAVE THIS BOOK?

Articles from
the book

If you’re examining or trading a candlestick pattern, keep these guidelines in mind before you decide what to do with your money, so you can make an informed decision: Determine whether the market is trending up, trending down, or not trending at all. If you put on a trade, be prepared to identify the point at which you take a loss, especially when you’re trading against the trend.
Make smart trading decisions using candlestick charting. This cheat sheet shows you how to read the data that makes up a candlestick chart, figure out how to analyze a candlestick chart, and identify some common candlestick patterns.Constructing a candlestick chartFour pieces of data, gathered through the course of a security’s trading day, are used to create a candlestick chart: opening price, closing price, high, and low.
You can become more familiar with some common and dependable candlestick patterns by checking out the following figures. (Remember, they don’t represent every possible candlestick pattern.) Bullish two-day trend reversal patterns These charts are a few of the most common and reliable bullish two-day trend reversal patterns in an uptrend.
Four pieces of data, gathered through the course of a security’s trading day, are used to create a candlestick chart: opening price, closing price, high, and low. The candle in a chart is white when the close for a day is higher than the open, and black when the close is lower than the open. The wicks, lines sticking out of either end of the candlestick, represent the range between the day’s high and low prices.
https://cdn.prod.website-files.com/6630d85d73068bc09c7c436c/69195ee32d5c606051d9f433_4.%20All%20For%20You.mp3

Frequently Asked Questions

No items found.