Are Japanese Candlesticks really that useful for trading the markets?

Photo by Traxer on Unsplash

Are Japanese Candlesticks really that useful for trading the markets?

Some centuries ago, in ancient Japan, Munehisa Momma became one of the richest men of his time and country. He did it by trading -mainly- in the rice market.

He had an unfair advantage: a proprietary way (developed by himself) to chart prices. When…