In this video we're going to take a look at the incredible story of one of the greatest and most successful traders you've probably not heard of. First we'll take a look at the story and then in the second part of the video we'll look at one of the most important charting techniques he created.
This legendary trader created the candlestick chart as we know it today and he made over $10 billion when adjusted for inflation. This trader went by the name of Munihisa Homma. He created the candlestick chart hundreds of years ago in the 18th century. There is no exact record for what year he created the first candlestick chart. All we know is that it was before 1755 as he released his book called The Fountain of Gold the Three Monkey Record of Money in that year. He mentioned in this book that the market price behavior reflected the psychology of the market. This was the first time someone studied a price chart and noticed a link to the psychology of the market.
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