Average Reviews:
(More customer reviews)I have a few books on candlesticks. I bought others which were cheaper, even though many reviews pointed towards Nisons' work. Note that in Australia, we are talking about $35 (other books) compared to $150 (Nison's book) ... so anyway, after buying many others, and looking all over the 'net for info. on Candlesticks, I ran into Nisons' book in a shop, looked through it and had to have it.
It has a LOT LOT LOT more depth than the others. There is more to candlesticks (or any price movement analysis) than just a bunch of patterns, names, formations ... the other books are far far too brief. I cannot emphasise this enough.
Look at all the other reviews for this book, many many good words said.
It is very readable, very clear, the examples are excellent, but most valuable are the insights for all the patterns ... that other books simply do not have.
Sure, it costs a bit more than the other candlestick books, but hey, how much money are you trading? Does an extra 30 or 50 bucks make that much difference for the extra insight you will gain?
This is not just the best ~Candlestick~ book, but it is a very very good TA book as well. Candlesticks are, after all, just a way of plotting price movements.
Note that, in searching the web for info. on TA and investing, this book came up time and time again as ~highly~ recommended. Now I pass that recommendation on.
Note also Nison has another book, "Beyond Candlesticks", and while I think that this is also a good book, get this one first and learn it all, the second book concentrates more on a few "Advanced" techniques, I don't know if they are so much advanced as they are just a few more techniques + brushing over what is in the first book. Get this first book, because it has more depth on the essentials that you need to know. Get the other book later, don't try and save money by jumping to the second one in the hope it will make the first obsolete, don't try and save money by getting a cheaper candlestick book, don't brush this stuff off thinking you've learnt all the candlestick stuff just by seeing a couple of patterns and names.
I also highly recommend Technical Analysis of the Financial Markets, this is recently updated and so incredibly good.
Beginner trader: will help you a lot, a very good investment, but also look to the book recommended above.
Intermediate: what are you doing? making a profit? get the book. Not making a profit? get the book, or get out of trading.
Advanced: why don't you have it? it should be on everyone's bookshelf, have you no pride? can't you afford it?
This is one of those trading books you cannot afford not to have. I don't give that rating to many other trading books.
Good luck!
Oh, and it is enjoyable to read.
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Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far EastTraditional Western methods for chart analysis (the basis of all technical analyses) use bar or points and figure charts. Yet over 100 years before these methods originated, the Japanese were using their own style of technical analysis for use in the rice futures market. This technique - known as the Japanese Candlestick Charting Techniques because of its close resemblance to candlesticks - has recently been attracting attention because it provides unique insights into the market. This work features over 300 charts that use candlesticks alone and in conjunction with Western charting techniques, and explains their use.
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