Many beginners enter trading thinking they need complex indicators or paid signals.
In reality, professional traders start with price action — and the foundation of price action is candlestick patterns.
If you’re new and want to learn how traders aim for small, consistent profits (like $20 per day), this is where you begin.
What Are Candlestick Patterns?
Candlesticks show real-time market psychology.
Each candle tells you:
Where price opened
Where it closed
Who controlled the market (buyers or sellers)
By reading candles correctly, traders learn when to enter, when to wait, and when to exit.
Why Beginners Should Focus on Candlestick Patterns
✔ Easy to learn
✔ Works on all markets (crypto, forex, stocks)
✔ No indicators required
✔ Used by professionals
Indicators lag.
Candlesticks show what is happening right now.
3 Essential Candlestick Patterns for Beginners
1️⃣ Hammer (Bullish Reversal)
Appears after a downtrend
Long lower wick, small body
Shows sellers are losing control
👉 Traders look for buying opportunities after confirmation.
2️⃣ Bullish Engulfing
A strong bullish candle fully covers the previous red candle
Signals a shift from sellers to buyers
👉 Often used near support zones.
3️⃣ Doji (Indecision)
Small body with long wicks
Market is undecided
👉 Smart traders wait for the next candle to confirm direction.
How Traders Use Candlesticks to Aim for Small Profits
Beginners don’t chase big moves.
They focus on:
Clear setups
Small position sizes
Tight risk management
A $20 target may seem small, but consistency beats gambling.
Small wins + discipline = long-term survival
Common Beginner Mistakes to Avoid
❌ Trading without confirmation
❌ Overtrading
❌ Ignoring stop-loss
❌ Chasing candles
Candlestick patterns work best when combined with support & resistance and patience.
Final Thoughts
Candlestick patterns won’t make you rich overnight.
But they will teach you how markets actually move.
If you’re a beginner, master the basics first.
The money comes after the skill.