You cannot trade in the market without knowing the direction and to find the right trend, candlestick patterns play an important role. But do you know how many patterns there are, how to recognize them, and most importantly how to trade using patterns? If not, then it is important to learn candlestick patterns.
How?
Well! There is not one but many ways. Here is the detail and best available options to learn these technical patterns.
How to Learn Candlestick Patterns?
Nowadays, it is no more difficult to learn something new. Whether you want to learn a skill or trade in the stock market, there are many different options both online and offline.
So here is the list of options from where you can learn candlestick patterns to trade smartly in the share market:
- Books for Learning Stock Market
- Stock Market Learning Apps
Then there are Youtube channels, websites, and yes favorite among most of people, Podcasts.
Candlestick Pattern Book
When learning something new, books could be your best friend, and when it comes to learning specifically about Candlesticks, then here are some of the best picks for you.
Candlestick Patterns Books Title Author How to make money Trading with Candlestick Charts Balkrishna M Sadekar Candlestick Charting for Dummies Russel Rhoads The Candlestick Course Steve Nison The Ultimate Guide to Candlestick Chart Patterns Steve Burns and Atanas Matov Don’t Trade Before Learning These 14 Candlestick Patterns P. Arul Pandi How to make money Trading with Candlestick Charts Balkrishna M Sadekar
These books provide you the in-depth and theoretical understanding of how to read candlestick pattern which you can use to trade in the share market.
Learn Candlestick Pattern App
Books are a man’s best friend, but mobiles have replaced them for this generation. Don’t worry, we have a solution for that too. A mobile application where you can learn candlestick chart patterns. Stock Pathshala is a mobile application with a number of stock market courses.
The application has the following features:
- Language-friendly stock market education.
- Different formats, including text, audio, and video, are available to learners.
- Everything is covered in the app, from beginner to expert levels.
- Each chapter concludes with a quiz for self-evaluation.
- “Scalps” is a new feature that allows you to quickly grasp a concept.
- A variety of languages are offered for the application. Courses are available in English, Hindi, Gujarati, Tamil, and Telugu.
- Under the premium subscription, you get access to live sessions where expert traders and mentors help you in understanding complexities of candlesticks and other trading styles.
- Reviews on various IPOs, PMS companies, stockbrokers, and so on.
- The opening of a Demat account, brokerage discounts, and many other attractive offers.
Best Youtube Channels for Candlestick Pattern
Now if you are not willing to spend money on learning the stock market, then there are a few options available for FREE learning as well.
Learning from Youtube is common these days but YouTube has a lot of tutors and creators, who can help you learn candlestick patterns but which one to be followed.
Well! For that, you can do your own research and find the playlist or the content available around Candlesticks.
OR
You can simply subscribe to the Stock Pathshala Youtube channel.
The channel has multiple playlists based on trading types, indicators, and market conditions, that help you in learning candlestick and trading in an interesting way right from scratch.
Best Site to Learn Candlestick Patterns
Another available free option is Blogs.
Blogs have helped mobile readers learn, whether traveling by bus or sitting in a restaurant.
Blogs give detailed explanations of different candlestick chart patterns. You can read Stock Pathshala blogs, where chart patterns are described in detail with real-life examples so you don’t forget the concepts once learned. All are written by stock market experts and finance educators.
Podcast to Learn Candlestick Patterns
Although it is difficult to learn every concept of trading through podcasts, you can still listen to the understanding and lessons of the traders in the market.
Follow the Stock Pathshala Channel and listen to great conversations with market experts and learn from their experiences.
The podcast is available on Spotify, Ganna, Apple, and Google Podcasts.
Conclusion
Learning candlestick chart patterns is easy when you learn from accurate resources. YouTube videos, articles, mobile applications, etc all are useful resources.
We at Stock Pathshala help new learners in getting technical analysis on tips and minimizing their risk.
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