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Predicting Stock Price
Successful day trading as well as successful long term investing depend upon predicting stock price. If predicting stock price sounds like predicting the future it is. Predicting stock price is also reading history! Rice traders in the Japan of the samurai learned that market prices, or more accurately, market price patterns repeat themselves. Market trends come and go and the patterns they contain can be used to predict stock price. Traders using Candlestick patterns as their guide are letting the market tell them what the market will do next. Predicting stock price through Candlestick analysis requires learning Candlestick charting techniques. Traders profit by executing trades when current stock prices fall into a Candlestick pattern. Whether the Candlestick signal predicts a market trend, a market reversal, or a coming market rally, the use of Candlestick trading tactics can turn predicting stock price into counting stock profits.
We all wish we had a crystal ball to tell us the future. The fact is that the future often repeats the past. In this regard it is wise to remember what the author George Santayana said, gThose who cannot remember the past are condemned to repeat it. This is, unfortunately the case for many traders. Trying to predict stock price without the benefit of technical analysis tools like Candlestick pattern formations can be risky business. It amounts to forgetting, or ignoring, what the past has taught us. However, traders who use Candlestick chart analysis are essentially using historic price patterns in predicting stock price. It is because the stock market and other markets repeat themselves in predictable patterns that the trader can read the first part of a stock price pattern in order to anticipate the second. By executing well timed trades it is possible to profit from predicting stock price in this way.
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Whether the Candlestick signal
predicts a market trend, a market
reversal, or a coming market rally, the
use of Candlestick trading tactics can
turn predicting stock price into
counting stock profits.
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In this regard it is wise to remember
what the author George Santayana
said, •Those who cannot remember
the past are condemned to repeat it.
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It is because the stock market and
other markets repeat themselves in
predictable patterns that the trader
can read the first part of a stock price
pattern in order to anticipate the
second.
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While the fundamentals of a company
will give us a view of the longer term
future it is the day to day and,
sometimes, minute to minute market
consensus that sets the exact stock
price.
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For the short term trader or long term
investor interested in predicting stock
price the use of Candlestick signals
can be learned at an online
Candlestick Forum Boot Camp.
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Online training webinars will help the
beginning investor and trader learn
both the basics and the details of
successful buying and selling of
stocks using Candlestick basics.