For any trader entering the world of forex, choosing a technical analysis tool can be overwhelming. Support and resistance, Fibonacci retracement tools, Bollinger bands – it’s difficult to decide on the right tool without a good and comprehensive education. That’s where FXTM’s informative Ebooks come in.
With the latest guide to Japanese Candlesticks, written by established FX educator Andreas Thalassinos, you can discover one of the most popular price charting methods that traders use in order to combine technical tools to interpret market sentiment. The ‘Bearish Japanese Candlesticks & Strategies’ Ebook helps traders of all experience levels discover the intricacies of candlestick charting and patterns, while helping you learn strategies that have the potential to bolster your trading experience.
What are Japanese Candlesticks?
Japanese Candlesticks are thought to have originated in the 18th century, and are now a vital part of most traders’ toolkits. Traders around the world use them to decipher the price action of the instrument they’re trading within a particular timeframe. They can be applied in small timeframes and longer timeframes, from five minutes to any other time period.
Consisting of box-like bodies that can be white (‘hollow’) or black (‘filled’), and lines that extend below and above the bodies called ‘wicks’ or ‘shadows’, candlesticks are perhaps the most popular way traders choose to read price because they reveal the relationship between the open, close, high and low of price movements in the simplest way. When a trader learns how to read candlestick patterns, a clearer picture of the markets is revealed.
What are bearish and bullish trends?
Bearish and bullish are essential terminology for understanding the markets. Knowing what the terms mean, and – most importantly – how to identify them, is integral to planning when to enter or exit the markets.
Bearish trends are downward trends in the market, which signal a descending path for the particular financial instrument.
Bullish trends are the opposite: they mark a rise in the markets, showing an upward path for the instrument in question.
How can Japanese Candlesticks benefit traders?
By understanding the age-old art of Japanese Candlesticks, traders can recognise important Candlestick patterns and make informed assumptions about the markets. Certain shapes and combinations of candlesticks can signal crucial shifts in market sentiment, and help investors make the right move at the right time. They can suggest whether buyers or sellers are in control of the markets, whether there’s indecision or struggle, and whether buyers or sellers are weakening.
Identifying a bearish trend is an excellent way to make educated decisions using your trading strategy or timing your entry into the markets. Once you’ve learnt how to read these kinds of patterns on candlestick charts, it may help you make strategic decisions and plan your next move better.
FXTM’s Bearish Japanese Candlesticks & Strategies Ebook
FXTM’s Head of Education, Andreas Thalassinos, has delivered an insight-packed Ebook that focusses on Bearish Japanese Candlesticks and the useful strategies that come along with them, for traders of all ability levels. Mr Thalassinos is highly praised around the world for his exceptional educational work, and his Ebooks are packed with sage trading insights.
Having developed hundreds of automated systems, indicators and trading tools himself, Andreas Thalassinos is the perfect guide to help you navigate the intricacies of Japanese Candlesticks. This Ebook covers:
- The value of reading and using candlestick patterns for traders
- Integration of candlestick charting into trading strategies
- Visual examples of charts and formations
- And much more!
Download Bearish Japanese Candlesticks & Strategies E-book and get vital insights into one of the fascinating charting methods today.
Want to learn more about how FXTM can prepare you to take on the markets? Bookmark the FXTM Academy page to stay up-to-date.
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. FT Global Limited (www.forextime.com) is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM. Forextime UK Limited is authorised and regulated by the Financial Conduct Authority, firm reference number 777911
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.