The Basics of Trading

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Old Nov 11, 2009, 2:28pm   #641
 
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No. It's quite a good forum. This is an old thread but worth reading ignore the salesmen.
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Old Nov 17, 2009, 9:01pm   #642
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HI,

On the first message on the thread it was stated that there are 3 types of charts that can be used and it is your own personal preference which one you wish to use.

My question to who ever is kind enough to answer, is there any advantages over using candlesticks to bar charts?
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Old Nov 18, 2009, 7:33am   #643
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i think candlestick is better

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Originally Posted by MR Spread View Post
HI,

On the first message on the thread it was stated that there are 3 types of charts that can be used and it is your own personal preference which one you wish to use.

My question to who ever is kind enough to answer, is there any advantages over using candlesticks to bar charts?
just read few hours ago about this...
here's a good website about it http://stocata.org/ta_en/candlesticks2.html
according to the webpage:
"When comparing the commonly used bar charts in Western technical analysis to the Eastern candle charts, it is evident that candle charts have a bigger visual impact.
Figure 6.11: A bar chart has limited information." you can see more on the link above
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Old Nov 18, 2009, 8:39am   #644
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Quote:
Originally Posted by karen2009 View Post
just read few hours ago about this...
here's a good website about it http://stocata.org/ta_en/candlesticks2.html
according to the webpage:
"When comparing the commonly used bar charts in Western technical analysis to the Eastern candle charts, it is evident that candle charts have a bigger visual impact.
Figure 6.11: A bar chart has limited information." you can see more on the link above
candle charts have a bigger visual impact.
and can lead newbies into a false sense of knowing what price is doing.
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Old Nov 18, 2009, 9:20am   #645
 
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Quote:
Originally Posted by counter_violent View Post
candle charts have a bigger visual impact.
and can lead newbies into a false sense of knowing what price is doing.
Certainly for a scalper or day trader, japanese candlesticks offers
a better picture of the condition in the markets.

As I trade futures this does'nt really apply to me,
as I use the an old turtle system called the
donchian with a couple of added filters, but
I can see the value of candlesticks.

All the Best

Mark
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Old Nov 18, 2009, 3:03pm   #646
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yup am a mix of day trading and long term does with 2 accounts. held me and my husband. day trading which is usually done by my husband and i do the long term trading. so far we've found japanese candlesticks works on entry points and exits. I more understand the charts though coz i look for longer term investments
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Old Nov 19, 2009, 6:48pm   #647
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I can see why TechCherry wanted you to comment, Very informative.
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Old Nov 20, 2009, 1:35pm   #648
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Thanks for all your replies
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Old Nov 20, 2009, 3:46pm   #649
 
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You can have all the bells & whistles
in the world, but If you don't have
strong mental discipline, then you
won't succeed.

The three most important things in trading are -

Discipline Dispcipline Discipline

Mark
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Old Nov 24, 2009, 10:15pm   #650
 
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Dividends

I am a relative rookie and need some help!
I am interest in diverting my efforts towards making money via dividends.
If a share is purchased before the ex dividend date, how long do you need to hold it to obtain the dividend before the share can be sold.
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