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History of Candlestick Charting
Candlestick charting was first developed by a certain businessman in Japan named Munehisa Homma - since they originated in Japan Candlestick charting is also referred to as Japanese Candlesticks.
Homma, who traded rice futures discovered that markets were strongly influenced by emotions of the traders. And he realized that he could understand the emotions he could use that to predit futures.
He understood that there could be a vast difference between the value and the price of rice - that theory could be applied to any market whether it be futures, stocks, forex etc.
The principles established behind by Homma form the basis for candlestick charting.
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History of Candlestick Charting
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