Candlestick Charting For Dummies, 2nd Edition

Book description

Demystify stock charts so you can up your investing game

Candlestick Charting For Dummies is here to show you that candlestick charts are not just for Wall Street traders. Everyday investors like you can make sense of all those little lines and boxes, with just a little friendly Dummies training. We’ll show you where to find these charts (online or in your favorite investing app), what they mean, and how to dig out valuable information. Then, you’ll be ready to buy and sell with newfound stock market savvy.

Candlestick Charting For Dummies helps you build a foundation of investing knowledge and lingo (bullish? bearish? What is a candlestick, anyway?), then shows you the chart-reading ropes with relevant and easy-to-understand examples. It covers the latest investing technology, cryptocurrency, and today’s somewhat-less-predictable market environment.

  • Get a refresher on stock market terminology and investing basics
  • Discover how easy it is to understand price history and movement with candlestick charts
  • Identify the best times to buy and sell securities, including stocks and crypto
  • Learn from real life examples so you can invest with greater confidence and success

This is the Dummies guide for beginner and intermediate investors who want to make smarter decisions with a better understanding of how to read candlestick charts.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond the Book
    5. Where to Go from Here
  5. Part 1: Getting Familiar with Candlestick Charting and Technical Analysis
    1. Chapter 1: Understanding Charting and Where Candlesticks Fit In
      1. Considering Charting Methods and the Role of Candlesticks
      2. Understanding Candlestick Components
      3. Working with Candlestick Patterns
      4. Making Technical Analysis Part of Your Candlestick Charting Strategy
      5. Trading Wisely: What You Must Understand Before Working the Markets
    2. Chapter 2: Getting to Know Candlestick Charts
      1. Recognizing the Many Benefits of Candlestick Charting
      2. Admitting Potential Candlestick Charting Risks
      3. Comparing Candlestick Charts with Alternative Charting Methods
    3. Chapter 3: Building a Base of Candlestick Chart Knowledge
      1. Constructing a Candlestick: A Core of Four
      2. Considering Additional Information Included in Candlestick Charts
    4. Chapter 4: Using Electronic Resources to Create Full Charts
      1. Turning to the Web for Candlestick Charting Resources
      2. Creating Candlestick Charts with Microsoft Excel
      3. Selecting Charting Packages and Apps
  6. Part 2: Working with Simple Candlestick Patterns
    1. Chapter 5: Working with Straightforward Single-Stick Patterns
      1. The Bullish Long White Candle
      2. The Bullish Dragonfly Doji
      3. The Bearish Long Black Candle
      4. The Bearish Gravestone Doji
    2. Chapter 6: Single-Stick Patterns That Depend on Market Context
      1. Understanding Market Environments
      2. Delving into Dojis
      3. Looking at Other Patterns: Spinning Tops
      4. Discovering More about Belt Holds
      5. Deciphering the Hanging Man and the Hammer
    3. Chapter 7: Working with Bullish Double-Stick Patterns
      1. Bullish Reversal Patterns
      2. Bullish Trend-Confirming Patterns
    4. Chapter 8: Using Bearish Double-Stick Patterns
      1. Understanding Bearish Reversal Patterns
      2. Making a Profit with Bearish Trend Patterns
  7. Part 3: Making the Most of Complex Patterns
    1. Chapter 9: Getting the Hang of Bullish Three-Stick Patterns
      1. Understanding Bullish Three-Stick Trend Reversal Patterns
      2. Working with Bullish Three-Stick Trending Patterns
    2. Chapter 10: Trading with Bearish Three-Stick Patterns
      1. Understanding Bearish Three-Stick Trend Reversal Patterns
      2. Forecasting with Bullish Three-Stick Trending Patterns
  8. Part 4: Combining Patterns and Indicators
    1. Chapter 11: Using Technical Indicators to Complement Your Candlestick Charts
      1. Using Trend Lines
      2. Using Moving Averages
      3. Examining the Relative Strength Index
      4. Cashing in on Stochastics
      5. Buddying Up with Bollinger Bands
    2. Chapter 12: Buy Indicators and Bullish Reversal Candlestick Patterns
      1. Buying with the RSI and Bullish Reversal Candlestick Patterns
      2. Buying with the Stochastic Indicator and a Bullish Reversal Candlestick Pattern
    3. Chapter 13: Sell Indicators and Bearish Reversal Candlestick Patterns
      1. Shorting with the RSI and Bearish Candlestick Patterns
      2. Using the Stochastic Indicator and Bearish Candlestick Patterns for Shorting
    4. Chapter 14: Using Technical Indicators Alongside Bullish-Trending Candlestick Patterns
      1. Using Trending Patterns for Buying and Confirmation
      2. Combining Moving Averages and Bullish-Trending Candlestick Patterns
    5. Chapter 15: Combining Technical Indicators and Bearish-Trending Candlestick Patterns
      1. Combining Lines with Candles for Confirmation
      2. Combining Moving Averages and Bearish Patterns for Shorts
  9. Part 5: The Part of Tens
    1. Chapter 16: Ten Myths about Charting, Trading, and Candlesticks
      1. There’s No Difference between Candlesticks and Bar Charts
      2. Market Efficiency Makes It Impossible to Beat the Market over the Long Run
      3. Only a Full-Time Professional Can Make Money in the Markets
      4. Technical Analysis Is Nothing More than Reading Tea Leaves
      5. Charting Is for Short-Term Traders Only
      6. You Must Be Rich to Start Trading
      7. Trading Is an Easy Way to Get Rich Quick
      8. Candlestick Charts Require In-Depth Data and Are Difficult to Create
      9. The Trading Game Is Stacked against the Small Trader
      10. Selling Short Is for Professional Traders Only
    2. Chapter 17: Ten Tips to Remember about Technical Analysis
      1. Charts Can Give False Signals
      2. You Will Run into Skeptics
      3. There’s No Definite Right or Wrong Opinion of a Chart
      4. A Single Chart Doesn’t Tell a Whole Story
      5. Charting Is Part Science, Part Art
      6. You Can Overanalyze
      7. Develop a Backup System
      8. Error-Free Data Doesn’t Exist
      9. No System Is Silly as Long as It Works
      10. Past Results Don’t Always Predict Future Performance
  10. Index
  11. About the Author
  12. Advertisement Page
  13. Connect with Dummies
  14. End User License Agreement

Product information

  • Title: Candlestick Charting For Dummies, 2nd Edition
  • Author(s): Russell Rhoads
  • Release date: June 2022
  • Publisher(s): For Dummies
  • ISBN: 9781119869955