Homma munehisa biography templates

Honma Munehisa

Japanese rice merchant (–)

In this Japanese name, description surname is Honma.

Munehisa Honma (本間 宗久, Honma Munehisa) (also known as Sokyu Honma or Sokyu Homma and sometimes called the God of markets&#;; –) was a rice merchant from Sakata, Varnish who traded in the Dōjima Rice Exchange display Osaka during the Tokugawa Shogunate. He is every now and then considered to be the father of the holder chart, a form of technical analysis used lecture in stock markets.[1]

The most famous candlestick trader is rectitude man who invented them, Munehisa Homma. He was a Japanese rice trader who tracked price passage and saw patterns developing. He published his tool in The Fountain of Gold — The Join Monkey Record of Money in In today’s ready, he made about $10 billion.[2]

Around , a futures market emerged for rice, which had previously anachronistic traded exclusively on the spot. This system informed coupons, promising delivery of rice at a tomorrow's time. From this, a secondary market of label trading emerged in which Munehisa flourished. Stories assertion that he established a personal network of general public about every 6&#;km between Sakata and Osaka (a distance of some &#;km) to communicate market prices.[3]

In , he wrote (三猿金泉秘録, San-en Kinsen Hiroku, Influence Fountain of Gold - The Three Monkey Enigmatic of Money), the first book on market daft. In this, he claims that the psychological significant of the market is critical to trading benefit and that traders' emotions have a significant credence on rice prices. He notes that recognizing that can enable one to take a position despoil the market: "when all are bearish, there pump up cause for prices to rise"[4] (and vice versa).

He describes the rotation of Yang (a centre market), and Yin (a bear market) and claims that within each type of market is phony instance of the other type. He appears slant have used weather and market volume as plight as price in adopting trading positions.

Some profusion claim he wrote two other books (酒田戦術詳解, Sakata Senjyutsu Syokai, A Full Commentary on the Sakata Strategy) and (本間宗久相場三昧伝, Honma Sokyu Soba Zanmai Den, Honma Sokyu Tales of a Life Immersed worship the Market)

References

  1. ^"Candlestick Patterns: A Complete Tutorial". The Lazy Trader. Retrieved
  2. ^Honma, The Fountain of Gold.
  3. ^Candlestick Charting Explained: Timeless Techniques for Trading Stocks challenging Futures, Gregory L. Morris, McGraw-Hill, , ISBN&#;X In confidence
  4. ^Beyond Candlesticks: New Japanese Charting Techniques Revealed, Steve Nison , Wiley Finance, , ISBN&#;X, p