Steve Nison, renowned author and lecturer, has the distinction of introducing candlestick charts to the Western world. He is not only a pioneer, but the acknowledged master of these techniques. Mr. Nison has authored three acclaimed books including Japanese Candlestick Charting Technique.  His books have been translated into nine languages with sales of over 100,000 copies.

Steve Nison, regarded as one of the most foremost technical analysts in the world, has been highlighted in The Wall Street Journal, Institutional Investor and Barron’s.

As a sought after speaker, Steve has presented his strategies to traders from almost every investment firm on how to apply – and profit from – these methods. He has also lectured at numerous universities and, by request, at the World Bank and the Federal Reserve.

• Part 1 :ask steve video
• Part 2: ask steve video
• Part 3: glossary- candlesticks

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.