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Forex 101 EducationHow to Trade CandleStick Introduction |
The History of Candlestick Charts
The Japanese was the first to discover this technical analysis for trading the world's first rice markets around 1600s. A Japanese man named Homma, who traded the markets in the 1700s, had discovered that one’s emotion can affect the market price besides the supply and the demand of rice. By then, Homma realized that he could have made more profit by understanding the emotions in order to help him in the future price predictions. In addition, he also understood that there could be a great difference between value and price of rice as what is happened nowadays with the market stocks. Homma’s principles are the main idea in this Candlestick Chart analysis topic. So let’s check this out.
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