The Japanese Candlestick originally evolved from Japan & was used in analyzing rice trading. Steve Nison, a westerner, learned the secret technique of interpreting the chart from his Japanese fellow, studied the concept and came up with a powerful tool which is now known as the candlestick charting.

The candlestick chart is known as so because the patterns are similar with the line of candles, attracted traders from every sectors; from institutional power players to individual part-timers. Now you’d say why? (more…)