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Candlestick Charting For Dummies Paperback – April 7, 2008
This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you’ll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You’ll discover the advantages candlestick has over other charting methods and learn the secrets of combining it with other technical indicators. You’ll also get familiar with different ways to display and interpret price action, including trend lines, support levels, resistance levels, moving averages, and complex indicators. Discover how to:
- Construct candlestick charts
- Identify and interpret basic patterns
- Trade in bull and bear markets
- Work with complex patterns and indicators
- Avoid False signals
- Understand the components of market activity
- Deal with bullish or bearish single-stick, two stick, and multistick patterns
- Identify and interpret complex patterns
- Use indicators to determine the market
- Outperform the market in any conditions
Don’t know whether to grab the bull by the horns or just grin and bear it? Read Candlestick Charting For Dummies and get it right the first time.
- Print length368 pages
- LanguageEnglish
- PublisherFor Dummies
- Publication dateApril 7, 2008
- Dimensions7.2 x 0.9 x 9.1 inches
- ISBN-100470178086
- ISBN-13978-0470178089
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Editorial Reviews
From the Inside Flap
Translate candlestick patterns and use them to predict market behavior
Want to gain a trading edge with candlestick charts, but find them confusing? No worries — this friendly, practical guide explains candlestick charting and technical analysis in plain English. You'll see how to work with common candlestick patterns and analyze data to make smart trading decisions. You'll also combine patterns with other indicators for more profitable trading!
Discover how to:
Construct candlestick charts
Identify and interpret basic patterns
Trade in bull and bear markets
Work with complex patterns and indicators
Avoid false signals
From the Back Cover
Translate candlestick patterns and use them to predict market behavior
Want to gain a trading edge with candlestick charts, but find them confusing? No worries — this friendly, practical guide explains candlestick charting and technical analysis in plain English. You'll see how to work with common candlestick patterns and analyze data to make smart trading decisions. You'll also combine patterns with other indicators for more profitable trading!
Discover how to:
Construct candlestick charts
Identify and interpret basic patterns
Trade in bull and bear markets
Work with complex patterns and indicators
Avoid false signals
About the Author
Product details
- Publisher : For Dummies; 1st edition (April 7, 2008)
- Language : English
- Paperback : 368 pages
- ISBN-10 : 0470178086
- ISBN-13 : 978-0470178089
- Item Weight : 1.42 pounds
- Dimensions : 7.2 x 0.9 x 9.1 inches
- Best Sellers Rank: #594,919 in Books (See Top 100 in Books)
- #1,562 in Decision-Making & Problem Solving
- #1,623 in Introduction to Investing
- #5,291 in Business Management (Books)
- Customer Reviews:
About the author

Russell Rhoads, CFA, is Director of Education for the CBOE Options Institute having joined CBOE as an instructor in 2009. His career before CBOE included positions at a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, Balyasny Asset Management, and Millennium Management. He is a financial author and editor having contributed to multiple magazines and edited several books for Wiley publishing. He is the author of five market related books including Trading VIX Derivatives, Option Spread Trading, and Trading Weekly Options. He is currently finishing up two books to be published in the summer of 2016, Volatility Trading Strategies and Options for Institutions and Advisors. Finally, he co-authored material to be included in Level II of the CFA program beginning in the spring of 2017. In addition to his duties for the CBOE, he is an adjunct instructor at Loyola University and the University of Illinois - Chicago.
He is a double graduate of the University of Memphis with a BBA ('92) and an MS ('94) in Finance and also received a Master's Certificate in Financial Engineering from the Illinois Tech in 2003. In addition to his duties for CBOE, he is currently pursuing a PhD from Oklahoma State University with an expected graduation date of December 2017.
Questions / comments / suggestions - please contact me at russellrhoads@gmail.com.
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Reviewed in the United States on April 18, 2023
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Reviewed in the United States 🇺🇸 on April 18, 2023

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.
Concepts are clearly illustrated. Some of the web sites and reviews are a bit dated, but far from deal killers. A great place to start.
To get to the point you have to search through paragraphs of unnecessary sidenotes, maybe author forgot the book has Contents people can refer to and there's no need to give navigational advice every time, after all, this is a book for dummies, likely 1st ever they pick up to learn about the new subject for them. Do you really think they're going to be skipping chapters? They intend to read it cover to cever, so why fill the book with advice on how to read the book, this is supposed to advice on how to trade. Waste of time and pain. Has useful info but would've been 3 times thinnner if not for time-wasting rambling.
Top reviews from other countries


Before Trading read and research as much as you can. At this point... you’re certainly not losing any money. Book is a bargain if you factor that in. Fully recommended, but you have to do your own research too to get full understanding.


This book I would recommend to anyone wanting to learn to trade - even if you do not use candlestick charting already.
It provides a lot of different patterns to look out for and the author explains the meaning behind the patterns and why they are affective.
Great book - definitely the one I have found most useful thus far.
It has given me the knowledge and also confidence to actively trade the markets.

The examples focus on stocks and futures but the theory is the same for other instruments like forex so I'm ok with that.
Finally you will gain some basic knowledge on a variety of instruments, ideas on how to enter and exit trades, and trading general advice.
I believe that the author has done a great job and also he has a good sense of humour.
For Dummies book have always a lot to offer.