A short YouTube tutorial (speaker: Alan Solarsh) introducing Japanese candlestick charting for Forex trading. It summarizes the history (credited to 18th-century rice trader Munehisa Homma), describes candlesticks as visual representations of market sentiment that can reduce emotional trading, and claims the method has about 80–90% accuracy. The video ends with a YouTube call-to-action and a weekly 0.005 BTC giveaway.
Chapters
Alan Solosh here, the passive income guru in this video tutorial explains to you the understanding of Japanese candlestick formations and patterns and how to cut out the emotion when trading.
So Japanese candlesticks were created about 400 years ago. It's a very old ancient Japanese technology. It was invented and developed by a rice trader in the 18th century by the name of Munehisa Homa. Now the Japanese rice traders were the most successful traders for years. And this technology was only introduced into the western world about one to two decades ago. This is the most accurate of technical analysis.
The reason why it wasn't used in the Western world is because a lot of people thought that it was too complicated to read. They didn't understand was very, although it was very popular to look at, they didn't know what they were really looking at and what the formations of the candles actually represented. It's very visually, visually appealing.
But few really understand it. So candlesticks are a visual graphic representation of the change in market sentiment. And once you start understanding what each pattern represents, it gives you a major hedge in the market where you can start making decisions based on past history rather than emotion. So this candlestick technology has about an 80 to 90% accuracy cutting. You cut out all the emotions in trading and once you understand it you will be trading like the professionals do.
The hedge fund managers and the banks and the financial institutions. So this is basically common sense signals. So let me head off to.
To my chart and show you exactly what a candlestick looks like and.
How a candle stick is formed. So I hope that you like this video. If you like this video, please mouse over this video. In the top left hand corner is my is the icon to YouTube. Click on that icon, it will take you to YouTube and just scroll below the video. On YouTube click on the subscribe button. On the right of the subscribe button is a bell icon. Click on the bell icon. Underneath that is a thumbs up icon. Click on that and also leave a positive feedback as well as your bitcoin wallet address in the comment section. Because I give away 0.005 of a Bitcoin every single Friday and you could be the lucky winner of that prize. So good luck for that and I'll see you on the next video.
