All nations came up with their very own language system and in order for various nations to interact with each other, they have forcefully learn each others language system in order to sustain a good relationship with one another.
Another example on the importance of learning others language can be seen through this example. Let's say an american businessman is travelling to china for a business venture. In order for his business to flourish in China, its compulsory for him to either learn the Chinese language himself or hire a translator who will interact on his behalf. If he fail to do this, his business will not be a successful one since he will be facing a severe difficulty in communication that will affect his understanding and decisions. Evil people will be able to manipulate and cheat him easily.
All these said, this is where I want to come.
What is the language of the market?
The market is considered as a living entity by many great traders and authors and may of them believe that the market communicate with us but most traders, due to lack of experience will not be able to understand. The market uses a language system called candlesticks.
Candlesticks were invented centuries ago by japanese rice traders to track the evolution of their particular market. To date, candlesticks is still being used and is almost as the same one that were used long ago with very little differences. If a trader can develop his feel for the understanding of candlesticks patterns and signs, he will turn into a very successful trader without doubt since the candlesticks can tell lot of things on the current market status and can sometimes predict future developments. There are professional traders who only trades by reading candlesticks charts alone. This can sound weird but its true, and that will need years of experience to attain such a high level.
For the new trader, he should strive to learn the candlesticks charting system and symbols. This can be a difficult task at first since its new and somehow strange. And most of the time, we will get lost during the learning process. There will even be desperate moments when we will not be understanding anything at all. Here comes the word 'PERSEVERENCE', use this and make this your inner force. You did not understand it now, leave it, come back and hour later and retry because at the end, you will surely be able to understand it. Again the best way to learn candlesticks is not by only reading books, this is only the initial stage, the most important phase is observing it on real charts and trying to predict and interpret the candlesticks. Although you will surely be failing in the first weeks, you will start progressing very soon.
Among very good works on candlesticks we have the book The Candlestick Course by Steve Nison and Candlestick Charting Explained by Greg Morris. If you happen to get your hand on these books, you will be able to study the candlesticks system with much ease.
The language of the market
