Our free candlesticks charts e-book walks you through step by step on how to trade the most popular patterns with proper entries and stop levels. We've also included our custom-made desktop backgrounds.
Free Candlesticks Charts E-Book
Learning how to read candlesticks charts allows traders to gauge the emotions of traders all over the world. Therefore, the importance of learning how to read candle charts can’t be stressed enough. As a result, the Bullish Bears Team felt it was necessary to create a Candlesticks Charts E-Book and two free candlesticks courses.
We created custom-made desktop wallpaper backgrounds that we've included for you as well and hope that you enjoy them! Register below and receive your free e-book, wallpapers and gain access to our 2 candlesticks courses.
How Do You Read Candlesticks Charts for Beginners?
- Our free e-book and courses will teach you how to read candlesticks chart for beginners but here are some tips:
- Understand the differences between bullish candlesticks and bearish candlesticks (bullish = long) (bearish = short)
- Learn how to draw horizontal support and resistance levels as well as trend lines, which are formed on candlesticks charts
- Learn all of the major patterns but focus in on the simple ones like bull flags, bear flags, doji's, and spinning tops
- Develop a trading strategy based on the patterns that you feel most comfortable trading
1. Access to Our Free Courses
We are also going to give you login access to our two candlesticks courses. As a result, will give you video tutorials on all of the major candlesticks charts, as well as access to our $3,000+ worth of free stock market courses. (keep an eye out for our welcome email with simple instructions)
Our welcome email will have the link to download our free e-book, as well as our custom-made desktop wallpaper backgrounds. Also, we will give you a login and password to be able to access all of our trading courses. All, you need to do is login to our website and you will have access to our free courses right away.
If for some reason you don't receive our welcome email then please check your junk/spam email folder. Make sure to white list our email address as well. If you have any issues logging in our downloading our e-Book then feel free to email us at [email protected]
2. How to Read Candlestick Charts
We encourage you to really take your time and don't rush with our courses. We include a lot of in depth content to help you get started trading. Trading courses such as a basic stock trading course, day trading course, swing trading course, options course, two candlesticks courses, and two courses on how to setup ThinkorSwim and Interactive Brokers platforms.
We encourage our members to study candle charts from our courses and ebook as well as practice what they are learning real-time in our trade rooms. Interact with other community members, ask questions, and then practice following what we teach in our trade rooms in a virtual account. Practice paper trading for a few months first before trading with real money. Take our stock patterns courses! This is an important step in the process.
The problem with most new traders is that they rush the process of becoming a trader and try to skip over the process of learning candlestick charts and they end up blowing up their brokerage accounts because they don't know what they are doing.
Candles give you a tremendous leg up on getting a good entry and exit on your trades. They are what most experienced traders rely on when trading, which is great encouragement because we are all playing with the same deck of cards. There CAN be a level playing field if you get the knowledge.
The more that you study and start understanding candle charts, the odds become more in your favor that you're going to become a successful trader.
3. Understanding Candlestick Charts
Treat trading seriously and not as a hobby if you want to become successful long term. It's important to immerse yourself into the trading world if you want to make it as a trader. Treat it like you would a job or starting a new career. Go easy on yourself and don't get frustrated if it takes you awhile to learn how to read candle charts. That's a totally normal process.
It takes looking at hundreds of charts over the case of several months for understanding candlestick charts to make sense. Don't worry though. After enough studying and looking at a lot of charts, the patterns will start to jump out at you and make sense.
That's why it's important to download our wallpapers, so the patterns will be in your subconscious, and after enough time, they will eventually enter into your brain consciously and make sense. Reading candlestick charts begins to make more sense the more that you look at the charts.
It's like anything in life or starting a new career or profession. It takes time to learn a new skill. When starting a new education or career it many of times takes a year or so to get the hang of things.
We've invested a lot of time into creating useful candlestick resources that will help the patterns become easier to understand. We suggest swapping out our wallpapers every couple of months or so to keep the patterns fresh in your mind and so you'll learn other ones as well.
Have you ever been looking at how to read candlestick charts and felt like there was a piece of the “trading puzzle” missing? Stock training isn’t easy, however, there are some important things you can learn to make it less complicated.
In fact, patterns are the first line of defense in trading. Without them, moving average lines, RSI and MACD wouldn’t mean anything. Therefore, you MUST learn how to read candlesticks charts first! Read More
Thanks to a 17th century rice trader by the name of Homma, we have candlestick charts. He saw that there was a correlation between emotion and supply and demand. As a result, he wanted to come up with a way to track it. Hence the patterns we use today.
Reading candle charts becomes a lot like those pictures back in the day where you would have to adjust your eyes to see the picture within the picture.
4. Magic Eye
Remember those pictures? The ones where you'd have to squint until the picture inside the blurry pixels would eventually jump out at you? Those pictures were so frustrating right? We feel you. But didn't the reward feel so good once the picture popped out at you when you least expected it?
Well...understanding candlestick charts is a lot like that. They are very frustrating to learn when you're first getting started. You're going have to look at a ton of charts before these patterns are going to start to make sense.
But...if you give them the time that they deserve they will eventually start to jump right out at you and it's such a great feeling once that happens. You'll start to see these patterns in every day life and not just on stock charts.
You'll start to become obsessed with them. You'll start to dream about them at night. We're not kidding haha. But this is when trading will start to become fun. Patterns are absolutely everything when it comes to trading. You'll see and you'll thank us later for teaching you how important they are when trading.
5. Candlesticks Charts Wallpapers
Wouldn’t you love to have all the major candlesticks and reversal patterns all in one place? Luckily the Bullish Bears realized what a useful tool this would be. In fact, we also created custom made candlesticks charts desktop wallpaper backgrounds as well.
We wrote our eBook on how to read candlestick charts as a simple way to study; and study you must. As a result, we created our candle chart wall paper backgrounds to help further your knowledge by allowing these patterns to seep into your subconscious when you look at them each day on your computer.
The more that you stare at this stuff and let it sink in, the more familiar it will become.
As a result, candlesticks are needed to let traders know who’s in control. Our candlestick eBook has the major patterns and candlesticks under one cover. In our trading rooms, we also do live trading with candlesticks and teach real-time charting, support and resistance and how to read candle charts.
Support & Resistance
Patterns and candlesticks charts form key support and resistance levels. Furthermore, these levels are so important to know to manage profit and loss, entries and exits in trading. How can you buy low and sell high without knowing where the highs and lows are, and where support and resistance is?
In fact, most new traders don’t know where to buy or sell and end up buying and selling at the wrong time. If this is you, then it’s time to stop this cycle! What’s used to form support and resistance? The real bodies and wicks of candlesticks as well as patterns. As a result, with our eBook you’re able to learn how to read candlestick charts and pattern meanings; as well as entries and exits, including stop areas.
Takes Time to Learn
Wouldn’t it be nice if learning how to read candlesticks charts was quick and easy? Well, unfortunately it isn’t. However, we’ve made it as easy as possible to learn. Regardless, it’s not an exaggeration to say you need to spend many hours studying!
Therefore, our candlestick charts eBook is a tool for that purpose. It’s written in a way that’s simple and easy to understand. In fact, reading the candlestick charts eBook helps equip you to become a good trader.
Did you know that 90% of traders give up and quit? Why is that? They didn’t take the time to study. They didn’t learn to crawl before they walked, or ran.
We recommend using our ebook in conjunction with free courses. Our ebook and wallpapers will help bring to life what you learn in our courses. We do our best to make the process of how to read candle charts as easy as possible.
How Many Types of Candlesticks Patterns Are There?
- There are a lot of different types of candlesticks patterns out there but here are some of the most popular:
- Bullish candlesticks: when price closes above open
- Bearish candlesticks: when the close is lower than the open
- Head and shoulders pattern: picture a peak in the center forming the head and then a peak on each side forming shoulders
- Ascending triangle: higher lows being formed with a flat top resistance area
- Bull flag: price action forms a flag pole up followed by small candlestick consolidation downwards
- Bear flag: price action forms a flag pole down followed by small candlestick consolidation upwards
- Doji: looks like a plus sign and forms during consolidation
- Spinning Top: similar to doji but thicker body
- Cup and handle: u pattern with diagonal consolidation downwards
1. Study Candlesticks Charts
You wouldn’t bring your car to a mechanic who didn’t study and learn how to properly work on cars.In fact, that would end up costing you a lot of money and maybe even causing you to have to buy a new car.
You trust that your mechanic, your doctor, your repair man or woman has had the proper training. In this case, trading demands that same level of respect and study. Think about it. You’re taking money you worked hard to earn and trying to grow it into something bigger. As a result, you can’t just “wing it”.
Don’t you want to be as prepared as you can be to grow your wealth? In order to do that, you need tools. Our candlesticks charts eBook and wallpaper backgrounds are great tools to help you get started.
In fact, since our candlestick eBook is electronic, you can pull it up anywhere. We never go anywhere without our phones right? Hence, you can pull up our eBook when you’re waiting for an oil change or at the dentist office.
In fact, our eBook is so easily accessible there’s really no excuse on putting the work in to learning how to read candlestick charts. Check out our live trading chat rooms.
2. Buy & Sell
One of the reasons many new traders fail is because they want a short cut to becoming a profitable and consistent trader. Can’t we just have the Bullish Bears tell us what to buy and when to sell?
Following a trading company that tells you what to buy and sell is doing yourself a disservice. In fact, that’s why the idea for our candlesticks charts eBook was born. Here at the Bullish Bears we’re all about giving back and equipping our community members with the tools to become successful and independent traders.
Sure it would be easy to be like many other trading service companies and just call out trades to pump up our positions. However, we love being able to empower new traders and even seasoned ones with the ability to be your own “Guru.” Self reliance is key in this industry because at the end of the day you are the only one responsible for your trading actions!
Think about it. You’re the one making the trading decisions. You’re not reliant on someone telling you what to do. You aren’t waiting on them for a signal to buy and sell. That’s freedom and ultimately that leads to success.
We teach how to read candle charts in our stock watch list videos that we post several times per week. We also provide trade alerts "setups" with our nightly watch lists.
Bookmark our swing trade watch list page:
What Candlestick Chart Pattern Is Most Reliable for Intraday Trading?
- Bull flags are the most reliable candlestick chart pattern for intraday trading when going long. Bear flags are the most reliable when going short. Doji's, spinning tops, hammers, and inverted hammers are very reliable reversal patterns.
Studying isn’t always fun. Sometimes you don’t feel like it. But its rewarding. One day after all the time you spent reading our eBook, staring at our wallpaper backgrounds, learning in our trade room and looking at charts, it’ll all start to make sense. You’ll have that AHA moment. You’ll get there!
Looking to learn stock trading? We offer free trading courses, stock alerts, stock watch list and show our stock scanners live each day. We also have a free candlesticks charts course and a reversal candlesticks patterns course that you should study in tandem with our eBook and wallpaper backgrounds to get the most out of them.
In our community you'll receive, free trading courses, trade alert "setups", real-time stock alerts, swing trade watch lists, daily penny stocks list, and we show our stock scanners live each day. In our courses, we give you video tutorials that go over real world examples of each of the patterns discussed in our free e-Book.
1. Candlesticks Charts Courses
Our custom-made wallpaper backgrounds are a helpful resource to add to you computer. They make the process of learning candlesticks much easier because they keep the patterns fresh in your mind each day. There are a lot of patterns to learn so it's helpful to have a visual of them in front of you each time that you look at your computer.
You can find both of our two free candlesticks courses under the free courses section at the top of our website.
We have a basic candlestick course and an advanced candlestick charting course. Our basic course covers bullish and bearish candlesticks, and popular patterns like flags, pennants, and triangles. Also, it includes how to trade the bigger patterns such as head and shoulders, and cup and handle patterns.
Our advanced course teaches how to trade reversal patterns such has spinning tops, shooting stars, morning stars, evening stars, three inside up and three inside down patterns. Our candlesticks courses include entries as well as stop levels.
The bottom line is that becoming a profitable and consistent trader is in your hands. Take our free trading courses and read our candlestick charting eBook. Spend the time studying and learning how to read candlestick charts. You won’t regret it. In fact, you’ll become a pretty great trader if you really dedicate the relative time needed for YOU to learn it. Everyone learns at a different pace. Take the time you need – don’t rush the process of learning candlesticks charts!