This book is a detailed guide to Japanese candlestick charting, a form of technical analysis that has been increasingly popular among traders. It covers the historical background, basic and advanced candlestick patterns, and how these techniques can be combined with Western technical analysis. The book includes hundreds of examples showing how candlestick techniques can be applied in various markets, including intra-day markets, swing trading, and day trading. It also emphasizes capital preservation and provides expert guidance for both amateur and seasoned traders[1][3][5].
This book, written by Van K. Tharp, delves into the psychological and strategic aspects of trading. It highlights that trading success is more about understanding oneself and managing risk than about finding the perfect trading strategy. The book covers topics such as developing a trading system that fits the individual, understanding expectancy and R multiples, effective exit strategies, and the critical role of position sizing. It also includes insights from top traders and updated examples to address contemporary market conditions.
This book provides a thorough and accessible overview of technical analysis, focusing on market behavior, technical indicators, and interrelationships among various financial markets. It covers the fundamentals of chart construction, different types of charts (including candlestick charts), price patterns, and advanced analysis systems. The book also delves into intermarket analysis, stock market indicators, and money management strategies, making it essential for both novice and experienced traders. It includes over 400 real-life charts to clarify key points and is recognized as a definitive text in the field of technical analysis[1][3][5].
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On this episode of the Words of Rizdom podcast we are joined Axel Rudolph. Axel Rudolph’s 30-year career in financial markets is a testament to his passion for trading, resilience, and mastery of technical analysis. From his formative years in Paris as a junior FX and fixed-income trader to his current role as a senior technical analyst at IG Markets, Axel has navigated market turbulence, honed his expertise, and shared his insights with traders globally. His journey is a valuable resource for anyone looking to succeed in trading.
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Connect with our guest:
https://x.com/axelr_ig
https://www.youtube.com/@igtradeandinvest
https://youtube.com/@UCIub5Y_N2hLoVwJvyMohXgw
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Timestamps:
00:00 Introduction to Axel Rudolph's 30-Year Trading Career
13:11 Understanding trading psychology and emotional control
26:11 Core principles of risk management in trading
37:08 Technical analysis fundamentals and implementation
45:09 Importance of data collection and analysis in trading
52:11 Trading patterns and strategy development
63:01 Essential money management lessons
76:17 Comparing retail and professional trading
80:05 Value of trading mentorship and coaching
84:05 Effective stop loss management techniques
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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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