Introduction to Candlestick Analysis
Candlestick analysis? Is it an analysis on candle holder? Sorry, the candlestick that I’m talking about now is not the holder for candle but it is a technical analysis for trading.
What is candlestick Analysis?
The first time I came across the words “candlestick analysis” was the time I learn about Forex trading. This is a kind of famous technical Analysis that using a special charting, usually called candlestick charting, to predict the trend of the market.
Candlestick charting originate from Japan and the first candlestick charting appeared sometime after 1850. This system was developed by a rice trader in Japan, Homma. After some modification and refining, this old trading system was transformed to become today Candlestick Charting.
Many traders are using this technique to detect and predict the market trend. From my own experience, in most cases, the results are quite accurate. This is why I want to introduce this technical analysis to you and if possible, please spend some time to learn it. It definitely will be a weapon for you to achieve financial freedom. At least it can help you to make money from trading. 
Where to learn Candlestick Analysis?
Now I think you are ready to learn what candlestick analysis about. I already did some research over the internet and found some sites that might help you on this.
Stockcharts.com – This is the most completed and free simple course that I can find from the internet. In this site, you can learn about the history, formation of candlestick chart and some candlestick signal that you must learn to predict the market trend. This is quite a complete site.
TradingDay.com - Under the candlestick tutorial, you can learn more about candlestick. Besides that you can also learn the daily and weekly candlestick play instruction. All details and explanations are there to make you clear with the chat and theory.
Candlestickshop.com – This actually a page that contain the glossary for candlestick. The page is simple and I think this can be your quick reference site.
Japanese Candlestick Charting Techniques, by Steve Nison – I learn the candlestick through this book. Actually this book was given by my mentor. Inside there the explanation is detail and come with a lot of example. So far I found that this is a good book or candlestick dictionary that you can keep for your trading.
Free Trading Simulator – Play the Game and Learn the Skills
I involved in Forex trading last 2 years. At that time I was told by my friend that Forex is another kind trading investment just like stock where I can make some easy money. Easy money? Really that easy? I doubt. I was not 100% believe what my friend said but I still want to give it a try and test it on my own.
So I looked around for some free trading simulators over the internet. Like what I said in my article, 3 steps to train yourself become great stock investor, I emphasize that a trading simulator is really important to train up your skill in stock or Forex market. Well, I know that I will definitely loss a lot of money in starting because I’m lack of skill and experience. I need something that can let me trade in the real market without using my money.
My predication really came true and I lost almost 10 demo accounts before I start making some profit. If I really using my money to trade, I think I have lost several bungalows. At the same time, my friend, who introduced Forex to me, end up losing a lot of money as he plays with his true money.
So now you know how important a trading simulator is for you to profit from trading. So below are some of the Free Trading Simulators that I collected from the internet which you may consider to play around and gain the skills.
Stocks Simulator
Our stock market game is like a fantasy sports pool for investing - it simulates the experience of trading in the stock market. Our system connects to a real-life datafeed, allowing you to invest just like you would with an online trading account at any discount broker, but with $100,000 of virtual cash, you can trade without fear of losing real money!
Sign up for the Zacks $100,000 Challenge and you could WIN a $100,000 contract with Zacks. We're conducting a nationwide talent search to find the very best traders. If you can find winning stocks and write about them, you could win a stock-picker's dream job.
Compete in the eInvesting.com Stock Market Simulator competition! Buy Stocks, track your progress, view your trade history and see how you stack up compared to other members. Register once and access both the forum and the stock sim, it just takes a minute. Plus, it's free!
The MyStocks page is the one-stop place where you can trade stocks with virtual money. The Global Stock Game (GSG) is the world's most realistic stock market simulation, where you can have fun and learn the stock market at no cost. Yes, it is 100% FREE. In addition, it's is easy enough to use even if you know little or nothing about the stock market. Even seasoned investors use this Web site to test their investing strategies before placing real orders in the stock market.
Forex Simulator
MoneyForex Financial Ltd. is one of the world leading online currency trading broker offering low pips and commission-free online forex trading. Founded by Wall Street veterans, MoneyForex's vision is to service individual and corporate investors such as money managers, banks, and financial institutions in easing the complexity in dealing with forex trading. Our dealing software which specialized in forex dealing is rated second to none for it user friendly environment. Lightning speed and efficient execution is one of its many benefits.
Because the Forex market is an over the counter market with no centralized exchange, not everyone receives access to the same prices or quality of execution. The worlds largest banks tend to provide better prices and execution to institutions with the largest trade volume and the most solid financials. $200,000,000,000 ($200 billion) in notional volume per month is traded via FXCM's trading platform, and FXCM is one of the most well-capitalized Forex Dealer Members. According to the financial data posted on the CFTC website, as one of the oldest and largest high-volume retail online Forex brokers, FXCM has built strong execution relationships with many of the world's largest international banks. FXCM receives and is able to pass on the benefits of size, better prices, and better execution to our clients.
GCI Financial Ltd ("GCI") is one of the world's largest online foreign exchange and Share CFD brokers, executing billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements for securities brokers and futures dealers.
Conclusion
Trading Simulator is really important for a newbie to get started in stock and forex market. Besides that, it is also important for us to test our trading strategy using trading simulator before dumping any money inside the market. Anyway most of them are free of charge. So why not play the game and learn the skills of trading?
PS: Are you using any stimulator? You may share it here too.
Introduce a Forex community that has some FREE tools for you
Forexplane is an online community which 100% made of user generated content. Here, traders can share their experience in Forex market through text/voice/video multi-user chatting, instant messaging and forum. You can easily learn and make more accurate decision in Forex market by hearing others’ opinions and experiences.
Forexplane provides services more than just a community. Besides a community that has over 1000 members, you also can find some FREE tools that you need in Forex Trading, such as:
- Real time currency updated price chart
- Forex TV - Updated top curreny related news and stories
- FX Market Hours that let you check the current status of all markets at a glance including local bank holidays.
- Pivot Point Calculator which let you calculate today’s pivot point without any troublesome works
- Fibonacci Retracement Levels Calculator
- Forexplane Economic Calendar – showing you what is the big economic release and market reaction of the day.
- EUR/USD Estimate – submit your estimation here.
I hope you have a great time over this community!
PS: This is a sponsored post
