Profitable Candlestick Trading- Pinpointing Market Opportunities to Maximize Profits Description:

Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits review:
4 stars (Teaching the reader how to fish) - This is a more applied book than Nison's Candlestick Charting. It focuses more on profit from candlestick signals than the psychology behind their appearance.



Easy to use, and build your filtering system, or interpret what you see in the pre-built filters [...] Bigalow covers building a filtering system as well, but he leaves alot of material uncovered.



He offers a FREE website forum and Thursday night chat where he answers the questions generated from the book, which furthers the growth of a candlestick trader.



One additional note, although not intended, the book is most applicable to the short-term trader looking to skim the market. With a little thought the information contained in the book can be used to generate stronger entry and exit signals once the setup is in place.



One knock, discussion on stops seemed like an afterthought with very little attention.
4 stars (Great Book) - This is a great book to help you start trading with less risk. Using the candlestick patterns will help you enter and exit positions better and with a higher chance of success. Not every trade will be a profitable one, but with the techniques in this book I've been able to reduce the losses on the bad trades and hold on longer to the profitable ones.



I have given this book just 4 stars because the author has a second book coming very soon and I expect that with the combination of the two books, they will be 5 stars.



This book not only teaches the candlestick patterns and how to recognize them, but it also teaches you how to make money trading them. Money management, trade size, etc. are all very important concepts and not often explained. Here they are. This is a must read book for anyone interested in this trading technique.
5 stars (Stop the Confusion - Switch to the Candlestick Method !) - Steve Bigalow's book is worth every penny!



As an introduction to using Candlesticks for trading, this book explains in an easy to understand manner the basics of what a candle is, the different types of candles, the candlestick patterns most useful in everyday trading, and provides numerous, detailed examples and analysis using actual charts.



For the experienced trader a new perspective on the psychology of trading using Candlesticks will provide valuable insight of the advantages the Candlesticks have to offer over the old- fashioned idea of "Buy and Hold for the long term" strategies.



Do not expect to read this book once and know-it-all. It took me several readings, study, practice, and patience before I became comfortable...and a believer in Candlestick trading.



Highly recommended and enjoyed!