We often hear questions or comments about using software to reduce time in order to identify trading opportunities. There are some misconceptions of what these types of software can do for the trader who wants to trade more effectively. Nison Candle Scanner is THE candlestick analysis software to utilize for the trader who wants to have consistent trading opportunities with effective bells and whistles that assists traders in finding great entry and exit points.
Most traders will typically have some of the same types of struggles when it comes to finding those trades on a regular basis. Some of those obstacles tend to be very common..including finding entry and exit points, knowing what markets to be looking at, and doing all of this in a timely fashion. Well using candlestick analysis software can assist in all areas and tackle those major obstacles that most traders face on a daily basis. Learning about candlestick patterns is typically not difficult..but finding them and benefiting from them can be when profits are realized. Nison Candle Scanner can aide in all of those categories. For example, the software can highlight 28 different candlestick patterns as defined by Steve Nison, the founder and President of candlecharts.com. So using this software is kind of like having Steve sit right next to you while you trade! This software can also scan for and alert the trader to those different candlestick patterns. These would include bullish candlestick patterns as well as bearish candlestick patterns and even a couple of neutral candles.
Accuracy also tends to be an issue when it comes to identifying these candle patterns. There is nothing to worry about when it comes to using the Nison Candle Scanner. You can rest easily knowing that the candlestick patterns that are used in this software are accurate because they were defined by Steve Nison personally. There are other well intentioned educators out there who just don’t teach correct and accurate information. So, when using software, you want to make sure that it is leading you in the correct direction; not one that would ultimately cost you dearly.
So lets say you have a favorite trading strategy using your favorite candle pattern. I know that I have a couple of favorites myself. I simply set up the scan to use inside of the software, and then have that scan run on a regular, daily basis. It’s simple to set up, and just takes a few minutes to get it going initially, then, sit back and watch the potential trade setups flow in on a daily basis. There would not be the need to sit there for hours each night trying to find those setups, when the software can do it for you automatically. Not only can it find times to enter a trade…but a very common area of concern are exit signals. Nison Candle Scanner will not only find entries, but you can be alerted in multiple ways when a candle signal appears and might be the signal to exit.