Customer Reviews

Candlestick Charting For Dummies

5 star:		(11)
4 star:		(3)
3 star:		(1)
2 star:		(1)
1 star:		(1)

 

 

I'm just learning how to trade options. I was never a technician since I relied on fundamental analysis. I've read about 5 books so far on charting and technical analysis and this book was the best. Other books tended to bog me down with tons of extraneous details. This books presents the essentials in a concise manner. The author here first goes through all the major candlestick patterns. He then explains what he considers the most important technical signals - Moving average, Wilder's RSI, Stochastics, and Bollinger Bands. The last part of the book is integrating everything together with several mini-case studies.

In summary, a must read for someone starting out in candlestick charting and technical analysis.

This book was an excellent source of the information I was looking for. I wanted to learn more than just the fundamental concepts of candlestick charting and the book exceeded my expectations. I was afraid the book would be overly technical and I would get lost in the jargon. Pleasantly, the book lived up to my previous "Dummies" experiences. I probably have somewhere around 15 titles of the Dummies books. It is a great way to scratch the surface on something and decide if it's worth heavily investing alot of time and more money in.

In this case, the book does much more than scratch the surface. I am only a couple of chapters into it, and I already "feel" like an expert on reading candelsticks and predicting price movements and patterns. The one thing I thought that stood out above and beyond for me is the ability to skip around to different chapters without being lost. It is not a cover to cover read. You can extract just what you need out of it and move on. And that is exactly what I am doing. I also really appreciate the real world applicability. You can literally take what you read with a computer in front of you and immediately apply it to test and gauge your level of understanding. Anyone interested in technical analysis and how candlestick charting relates should start here. Since I have not read other Candlestick books, I cannot compare how this ranks with others, but for me - wanting to learn Candlestick charting without spending tons of money and buying overly technical books, this was great.

This book is a must have for anyone wanting a clear explanation of the candlestick patterns and how to use them. It is illustrated with pictures and charts that clearly show the information being taught-- what to do when things go right and where to set your stops to protect your cash should the trade go wrong. This has the information you've been looking for!

I have found many technical analysis books are written with too much jargon and are difficult to understand for the non-professional. This book simplifies everything in a well written and comprehensive guide for the layperson looking to learn about candlestick charting technical analysis.

I found this book informative. I have been interested in candlestick charting for years and I was not able to find a text that could give me simple, clear, and concise information until Candlestick Charting for Dummies. This book is just what I needed.

Really a good and enjoyable book. Good quick-read as well. Easy way to get up the curve quickly. Lots of practical sources and ways to exploit candlestick usage for stock analysis.

Anyone who is interested in trading, whether its on NYSE,NASDAC,or FOREX like my self you buy this book. Loaded with tons of information.

candle stick charting for dummies is a great book for those interested in learning how to identify and use candlesticks, it's not so great for people without sufficient knowledge of trading before reading it, I'm surprised to say that this is a trading book that I actually really enjoyed reading and I use candlesticks in my trading whenever I trade, simply because of this book. Don't be put of by the for dummies tittle, it's actually unbelievably thorough and incredible useful yet readable for almost any one who understands the basics of trading.

I have always used ticks for my charting and recently switched to candlesticks. I was surprised that an entire book was dedicated to Candlesticks, when a couple of chapters would suffice coupled with other charting styles. It's overly informative and repetitive in it's content (for a seasoned trader) - but clear and concise (with excellent examples) for a beginner.

Candlestick charting is a useful and fascinating way to visualize market price moves. Books by Steve Nison, the recognized authority writing in English (the candlestick concept originated in Japan) tend to be expensive so the market is in need of a good low cost introductory guide.

Unfortunately, this isn't it. The various formations are described matter-of-factly so you miss understanding the emotion behind the candles which is what makes them so powerful. But my biggest complaint is that this book is four times as long as it needs to be. For each formation the author describes it for an upward move, gives an example, then describes how the same candle looks in reverse for a down market, then provides for both the up and down example an exception--a pattern he was able to find in an actual chart where the candles did not mean anything. Once you get past the initial explanation, all this is totally useless and unnecessary.

The candlestick section in Technical Analysis For Dummies (For Dummies (Business & Personal Finance), also available from Amazon, is more useful by itself than all the information in this book. Buy that one instead as your candlestick guide, until something better comes along.