In this article, we will explore the intricacies of financial decision-making and how to protect your investments in the stock market. We’ll delve into various heuristics and cognitive biases that...
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The history of Technical Analysis and its founders
16/10/2023
In this article we are going to talk about the history of technical analysis, candlesticks, and its founders. Traders and investors who use a modern approach to Technical Analysis would be very surprised to know how ancient it is. The candlesticks we use today, was invented about 250 years ago, in Japan, during feudal era (I told you it is old!). The history of Technical Analysis is very interesting, and I hope you will enjoy this article! THE GOD OF TRADING The candlesticks were created by a man called Munehisa Homma, a samurai trader who is known to be the “god of trading”. He became a very powerful man, with a huge fortune that he earned trading rice futures in Osaka’s market. And most interesting of all, he wrote a book, “The Fountain of Gold – The Three Monkey Record of Money”. Homma wrote his book in 1755 and is the first book on market psychology. Do
