Just a quick question: Has anybody read/purchased the Candlestick Charts For Dummies (awful series title I know!) book? If so any good? Are the examples given from markets other than FX or are there some FX charts in there too? If only stocks etc.....does this matter to much as long as it highlights the patterns/characteristics etc?
Interested to hear your thoughts and thanks for reading.
I haven't read Candlestick Charts For Dummies but if the examples are of stocks and commodities (they almost definitely will be) it doesn't really make any difference. The candlestick patterns will apply to any security you want to trade. I did read Foreign Exchange For Dummies when i started out but most of thats covered in the BP school. Also Technical Analysis For Dummies but that was a bit dry, hard work... Japanese Candlestick Charting Techniques by Steve Nison is the most comprehensive guide to candlestick charting so may be a good place to start
The Hunter....many thanks for the reply. Much appreciated. Reading the Forex for Dummies too (for no other reason than still find it easier to read a book than info on the screen). Have you read the Steve Nison book? OK for a relative newbie is it?
Yes, i got the Steve Nison book for Christmas last year. It assumes little or no knowledge of candlesticks and starts from the very begining and then builds on the basics. Its easy to follow. Some of the patterns don't apply to the forex market because they're based on gaps between the close and the next days open which we only get at weekends in forex but theres still plenty of good information in there