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The Ultimate Forex Trading Course™

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  1. Welcome to the Ultimate Forex Trading Course™
  2. Build a Strong Foundation
    Lesson 1 - Intro to Forex Trading
    1 Quiz
  3. Lesson 2 - Brokers, Platforms, Common Terminology
    1 Quiz
  4. Lesson 3 - Intro to Trader Psychology
  5. Lesson 4 - Price Action
  6. Technical Analysis - The Market's Language
    Lesson 5 - Japanese Candlesticks
    2 Topics
    |
    1 Quiz
  7. Lesson 6 - Identifying Direction
    2 Topics
    |
    1 Quiz
  8. Lesson 7 - Support & Resistance
    2 Topics
    |
    1 Quiz
  9. Lesson 8 - Fibonacci Retracements and Extensions
    2 Topics
    |
    1 Quiz
  10. Lesson 9 - Advanced Patterns
    2 Topics
    |
    1 Quiz
  11. Lesson 10 - Technical Indicators
    1 Quiz
  12. Lesson 11 - Macroeconomic and Geopolitical Forces
    1 Quiz
  13. Lesson 12 - Analyzing the Whole Picture
    2 Topics
    |
    1 Quiz
  14. Time to Trade
    Lesson 13 - Order Types, Trade Execution, Trade Management
    1 Quiz
  15. Lesson 14 - Risk Management
  16. Lesson 15 - KickStart Trading Strategies
    7 Topics
  17. A Dream is a Goal Without a Plan
    Lesson 16 - Trade Planning
  18. Lesson 17 - Trade Journaling
  19. Lesson 18 - Trader Psychology Revisited
  20. Conclusion
    Lesson 19 - Conclusion & Next Steps
    1 Quiz
Lesson 6 of 20
In Progress

Lesson 5 – Japanese Candlesticks

Christopher Guzman February 5, 2020

“In the midst of chaos, there is also opportunity.”

– Sun Tzu

Welcome to Lesson Five – Japanese Candlesticks.

We refer to technical analysis as the study of the language of the market. Japanese Candlesticks form the basis of that language. When we learn to identify the different candlesticks, formations, and patterns, we learn to understand what it is the market is trying to say.

In this two-part lesson, we’ll first explore theory and learn about the characteristics of each major candlestick and candlestick formation. Once finished with the theory portion, however, we’ll then jump into the live market to find some examples and see how the market behaves when each one forms.

Watch both the theory and application videos and successfully complete the quiz to progress to Lesson 6.