The document discusses how understanding commodity market history is essential for traders. It notes that market patterns, such as candlestick formations, tend to repeat over time. Traders can take advantage of this by learning from historical market data and identifying patterns that may predict future market moves. Maintaining knowledge of commodity market history allows traders to anticipate how groups of traders may react to different market conditions based on past behavior.

1. Commodity Market History
By
www.CandlestickForums.com

2. Knowing commodity market history
allows us to know what the commodities
markets will do next.
www.CandlestickForums.com

3. Whether you are buying stock, trading
options, selling futures, or trading
commodities, knowledge of market
history is essential.
www.CandlestickForums.com

4. Trading software has market history built
into its programs. Thus commodity
traders who are trading online can do
simulation trading with real commodity
market conditions.
www.CandlestickForums.com

5. More to the point keeping track of
commodity market history goes back as
far as when Candlestick basics were
new.
www.CandlestickForums.com

6. Traders kept track of what happened
when certain Candlestick chart
formations developed.
www.CandlestickForums.com

7. The use of technical analysis tools such
as Candlestick charting allows traders to
predict market moves using market
history.
www.CandlestickForums.com

8. A good way to learn to use technical
analysis based on commodity market
history to your advantage is to take
commodity and futures training.
www.CandlestickForums.com

9. The reason traders keep track of
commodity market history is that this
history repeats itself. Thus patterns, such
as Candlestick pattern formations, are
predictive of continuing market trends
or market reversal.
www.CandlestickForums.com

10. Although a trader may be steeped in
fundamental analysis of a commodity he
or she still needs to be attuned to
technical analysis indicators because
these predict the actions of large groups
of traders in live market conditions.
www.CandlestickForums.com

11. There really is a déjà vu character to
what is essentially trading using
commodity market history as a guide.
www.CandlestickForums.com

12. When true market history is packaged
and schematized the trader should not
forget that those neat little figures on
the chart are really representations of
many trading sessions in many
commodities.
www.CandlestickForums.com

13. They are predictors of how real
traders, in groups, will react to market
conditions and to each other to create
the next state of trading in commodities.
www.CandlestickForums.com

14. In trading commodities you can buy and
sell futures on everything from gold and
copper to live cattle or interest rates.
You can also trade options.
www.CandlestickForums.com

15. The distillation of commodity market
history in Candlestick chart patterns will
help with selling puts, selling
calls, buying puts, and buying calls on
commodities futures just as much as it
helps trading futures directly.
www.CandlestickForums.com

16. The presence of a sufficient number of
traders in a sufficiently volatile market
will end up creating patterns as traders
react to fundamentals of the market as
to each other’s trades.
www.CandlestickForums.com

17. Although each trader will do
fundamental commodity analysis as well
as analysis of technical factors, the fact
that one trade is entered at a time
changes the market ever so slightly with
each trade.
www.CandlestickForums.com

18. Thus all traders minus one are
confronted with a slightly different
situation.
www.CandlestickForums.com

19. As trades are executed the market
changes, traders reevaluate, change
tactics, and patterns develop.
www.CandlestickForums.com

20. The wise trader will always use trading
analysis tools and be mindful of the fact
that history continually repeats itself on
a commodities exchange.
www.CandlestickForums.com

21. It is this realization that every day
creates market history and that history
repeats itself in the form of recognizable
price patterns that gives the wise trader
an advantage.
www.CandlestickForums.com

22. This is what Japanese rice traders
realized centuries ago.
www.CandlestickForums.com

23. The use of Candlestick charting
techniques gave these traders an edge
on those who only looked at market
fundamentals.
www.CandlestickForums.com