DISCLAIMER

Signals can fail (upto 50% of the time) and it is upto you to use proper money manegment to limit your losses. If signals were correct 100% of the time then all traders would simply make profit. And there in is the catch.

The stock market is made up of the winners and losers. When you make a profit, some one else is losing that money. It is a game of balance. So if signals worked all the time for every one, then where would you get the traders who would take the loss in order for you to make a profit.

So use proper money management to limit your losses and move on. It is always better to take a small loss early and get out after a bad trade than to hope for a reversal and take bigger losses down the line.

Candlestick analysis and charting can help play an important factor in helping you with profitable trades. However, please keep in mind that analyzing candlestick charts is only part of the game. You should use other technical analysis indicators to help you with your decisions. Just as a single strand of thread is weaker than a bunch of strands plied together, so is depending on one single technical tool for all your trading decisions, a bad way to go.

When I first started trading, I used to depend mostly on one or two indeicators (such as the ADX or MACD). I also used to make impulse trades based on signals generated by stock analtysis software or signals from trading chart newsletters etc. Because in those days, I had no knowledge of tachnical analysis and in particular Candlestick analysis, I had lost more than $6000 in the first couple of months.

Then I started showing an interest in candlestick charts and candlestick patterns. I realized, I should learn about candlestick analysis to improve my chances of making any profit from trading. Thus began a study of candlestick charts, patterns and strategies.

I am pleased to say that with the increse of my knowledge of candlestick analysis (as well as other technical analysis tools), my trades began to get better and I was making more profitable trades. I then decided to launch this site to sort of provide a reference of candlestick charting and analysis as well as an intro to other technical analysis elements and share my experiences.

I believe by creating content for a site like this, it would help me learn more and get better at reading charts and making predictions. By trying to put this information together and analysing charts to provide good examples it would benefit me as much as the reader.

Just remember that any form of trading, day trading, swing trading, long term investing, spread betting etc, is risky and you could lose a lot of money. If you trade with out learning technical analysis, it would be akin to gambling.

By the way, if you are interested in buying this awesome domain and website, give me a shout.