There are many people who want to become traders.
If you want to learn trading, then first of all you have to learn technical analysis.
What is important to learn in technical analysis, which can help you to become a profitable trader, is candlestick patterns.
If you want detailed training on candlestick, then I would like to tell you that you have come to the right video.
Because from today you are going to get many episodes, you are going to know about the whole candlestick in detail.
And the biggest thing is that this whole series will be free for you.
So today we have a trader with us, who has 15 years of experience in the stock market.
He has been in the market for the last 15 years and I think you have been studying for 12 years.
So 12 years of trading and also training experience, so you are going to learn a lot.
Let’s welcome Mr. Umesh Sharma to our GoSelfMade show.
Mr. Umesh, welcome to our GoSelfMade show.
Thank you very much.
So people are very excited because candlesticks are always in demand and people want to learn.
And people know that if one masters this thing, he can become a profitable trader.
So people know that they have to learn candlesticks.
But how do they start, what do they need to understand, what are the changes happening in the market that people need to understand.
So in today’s episode, people would like to understand everything about the basic to advanced candlestick patterns.
First of all, before understanding candlestick, we have to understand the price. Basically, what is a candlestick? It is the price.
The price is converted into a candlestick.
Now, when we study candlestick, for example, I have been teaching for 12 years. I have 15 years of experience in the stock market.
When I was teaching for 12 years, when we teach, we also study ourselves.
Now, if we talk about 12-13 years, there have been a lot of major changes in the market, if I talk about technical analysis.
So, in this episode, we will cover all those things and tell you how to study the price. Apart from this, here we will also discuss some strategies. What are buying patterns? What are selling patterns? How can we identify buying patterns? How can scalpers use candlesticks? Along with this, the biggest problem of traders is that everyone is looking at candlestick charts. Everyone has a candlestick chart. But in candlestick, they are only looking at green candles and bearish candles, which are red candles. If we ask someone what is a bullish candle, he will say that green candle is a bullish candle. If we ask someone what is a bearish candle, he will say that bearish candle is a red candle. If you are limiting the bearish candle to a red candle or a bullish candle to a green candle, if your child changes the color on your system, you will be stuck there. You will not even know which candle is which. Because it is very important for us to understand the formation of candles. So, in today’s episode, we will start with candlesticks. But before that, I would like to discuss some details of technical analysis.
Technical analysis is not rocket science. It is basically art.
It is skill based work.
The better your skill, the better your love for technical analysis, the better your clarity on technical analysis.
And you can become a profitable trader.
For example, when we study the price, we have to feel the value.
Unless you feel the value, you cannot become a good technical analyst.
Let’s talk about a stock. Suppose it is Adani Port.
Suppose Adani Port is weak.
We are not studying the company. We are studying the price.
Adani Port is a company.
When we study the company, we have to do fundamental analysis.
We are studying the price.
We see that here the price is Rs 715. So, it will go from Rs 715 to Rs 720 or Rs 710. For this, we have to do technical analysis.
So, technical analysis helps in swing trading. It helps in BTS, TST, BTD trading. If you are a traditional trader, many people ask whether technical analysis is needed for traditional trading. Actually, it is not. For this, you have to change the time frame. So, I will start with candlestick. I will tell you what is candlestick and how it is formed. Then, we will cover buy patterns. In this video, I will tell you some buy candlestick patterns with logic. I will tell you some logic which you will not find on any other channel. So, watch this video completely. In this video, we will understand about candlestick, candlestick psychology, candlestick formation and how to trade with candlestick. For this, you have to understand the basics. Unless you understand the basics, unless you become a good analyst, or if you are doing any other job, like playing sports, you must have clear basics. So, first of all, we will understand the types of formation. Types of formation of candlestick patterns. You must know about it.
Basically, there is a candle, a bullish candle and a bearish candle.