REVIEW: Japanese Candlestick Charting

It is said that Japanese candlesticks are so universally used and well-regarded in Japan that you couldn't trade the Japanese market without knowing them.

While I haven't tried it to verify that claim myself, many traders do believe in this technique of technical analysis and find it useful. Nison's book is probably the bible on the subject, and after a brief but interesting history of the Japanese market, he discusses what they are and how to use them in great depth and detail, giving the reader a comprehensive knowledge and understanding of candlesticks.

Sometimes the prose gets a little dense and may be tough going for beginners, but overall, this is an excellent book on the subject.

If you are a novice trader, however, I would recommend you read one of the many introductory books and then a more advanced book on technical analysis before reading this one.

Finally, a caveat, which is that one indicator, or even one type of indicator (such as moving averages or oscillators) isn't enough to trade the markets, and the real skill in trading is knowing which indicator is applicable in any given situation, which only comes with experience. But this book will help you understand this important indicator so you will know how to use it when it's appropriate.

Website: Amazon.com