Book description
The easy-to-use guide to interpreting candlestick charts and
derivative markets
Candlestick charts are an effective way of visualizing price
movements and, due to the increased interest in the complex
derivatives market, they are being used more and more widely. A
combination of a line-chart and a bar-chart, where each bar represents
the range of price movement over a given time interval, candlestick
charts are most often used in technical analysis of equity and
currency price patterns. A guide to the most used charts, The
Bloomberg Visual Guide to Candlestick Charting is arranged in
an easy-to-use manner, providing a quick reference for those new to
the field.
Candlestick charts are formed with the help of the opening, high,
low, and closing price of the day-if the opening price is above the
closing price then a filled candlestick is drawn, and these charts are
visual aids for decision making in forex, stock, commodities, and
options trading.
- Contains alphabetical explanations of over 200 candlestick and
related terms
- Includes daily charts of 50 companies, and six-month charts for
comparative explanations of candlesticks with Western-style
technical indicators
- Written by Michael C. Thomsett, author of over sixty books and
hundreds of articles, including the bestselling Getting Started
in Bonds, also published by Wiley
- Enhanced eBook editions offer video tutorials, test-yourself
quizzes, and full-color/interactive charts and graphs, available
for purchase separately.
A practical and concise resource for anyone new to this way of
representing derivatives, The Bloomberg Visual Guide to Candlestick
Charting presents sometimes confusing concepts in a format that is
easy to understand and digest.
Michael C. Thomsett is a financial writer with
over sixty books and hundreds of articles to his credit, including the
eight editions of Getting Started in Options, as well as
Getting Started in Swing Trading, Getting Started in
Fundamental Analysis, Getting Started in Property
Flipping, and Getting Started in Rental Income. He has been
a management consultant in the securities industries and is an active
options trader.
