Steve Nison Candlestick Course #1 Best Candlestick Charting Techniques | Traderma (2024)

Steve Nison candlestick course is the acknowledged western authority on the subject of Japanese candle charting techniques. Traders can learn Steve Nison Candlestick Course in two internationally bestselling books, One is Japanese Candlestick Charting Techniques and another one is Beyond Candlesticks, which have been translated into eleven languages.

Steve Nison candlestick course:

Steve Nison candlestick course is the acknowledged western authority on the subject of Japanese candle charting techniques.

Traders can learn Steve Nison Candlestick Course in two internationally best course video for market analysis, One is Japanese Candlestick Charting Techniques and another one is Beyond Candlesticks, which have been translated into eleven languages.

Steve Nison:

Steve Nisonholds an MBA in Finance and Investments.Steve Nisonwas among the first to receive theChartered Market Technician (CMT)designation from theMarket Technicians Association(MTA) and was nominated for the MTA’s “Best of the Best” for Price Forecasting and Market Analysis.

Candlestick charts: Steve Nison

Candlestick charts are a technical tool that packs data for multiple time frames into single price bars. Candlestick charts make more useful than traditional open and high, low, and close bars other than simple lines that connect closing prices. Candlesticks charts build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical tool for market analysis, which dates back to 18th-century Japanese rice traders.

Candlestick charts provide more detailed and accurate information about price movements, as compared to bar charts. They provide a graphical representation of the supply and demand behind each time period’s price action.

Follow the trend, Don’t be afraid to be a sheep.

– Antoroy

Steve Nison Books:

Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world. “Candles,” he discovered, can signal shifts in trends and price patterns with amazing accuracy, and these “storyteller” charts also contain powerful applications for today’s volatile short-term markets analysis.

Japanese Candlestick Charting Techniques

In the Steve Nison Candlestick Course, Steve Nison breaks new ground once again. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, key terms, clear-cut instruction, and practical applications. Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills.

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Steve Nison brought candlestick patterns to the Western world in his popular 1991 book, “Japanese Candlestick Charting Techniques.” Many traders can now identify dozens of these formations, which have colorful names like bearish dark cloud cover, evening star, and three black crows. In addition, single bar patterns including the Doji and hammer have been incorporated into dozens of long- and short-side trading strategies.

Candlestick Charting Techniques

Candlesticks charting techniques are a technical analysis tool that traders use to candlestick charts and analyze the price movement of securities. The concept of candlestick charting techniques was developed by Munehisa Homma, a Japanese rice trader. During routine trading, Homma discovered that the rice market was influenced by the emotions of traders, while still acknowledging the effect of demand and supply on the price of rice.

Munehisa Homma developed candlesticks that graphically displayed the nature of price movements by using different colours to denote the differences. Traders can use the candlesticks charting techniques to identify patterns of price action and make decisions based on the short-term direction of the prices.

As a legendary rice trader of financial instruments, Homma dominated the rice markets and became popular for discovering the candlestick charting method. When theJapanese stock marketanalysis began in the 1870s, local technical analysts incorporated Munehisa Homma’s candlestick methodology into the trading process. American technical analyst Steve Nison introduced the technique to the West through his book “Japanese Candlestick Charting Techniques.” Japanese Candlestick charting is now a popular technical indicator that traders use to financial markets analysis.

Father of Japanese Candlestick charting techniques:

Steve Nison introduced Japanese candlestick charting techniques to the western world and is commonly known as the father of modern Japanese candlestick charting techniques.

Steve Nison gave tips on candlestick charting, investing day trading and forex.Steve Nisonis known worldwide as the father of modem candlestick charting.

Market Analysis:

Market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry technical analysis and thus in turn of the global environmental analysis. Through all of these analyses, the strengths, weaknesses, opportunities, and threats of a fundamental can be identified.

Market analysisis a quantitative and qualitative assessment of afuture market. It looks into the size of themarketboth in volume and in value, the various customer segments and buying patterns, competition, and the economic environment in terms of barriers to entry and exit regulation.

Topic covers in this video:

In this video, the Candlestick Components, Candlestick vs. Bar Charts, Basic Candlestick Patterns, Bearish Engulfing Pattern, Bullish Engulfing Pattern, Bearish Evening Star, Bearish Harami, Bullish Harami, Bearish Harami Cross, Bullish Harami Cross, Bullish Rising Three, Bearish Falling Three, The Bottom Line are explained.