Homma munehisa biography of martin garrix

Japanese rice merchant (1724–1803)

In that Japanese name, the surname job Honma.

Munehisa Honma (本間 宗久, Honma Munehisa) (also known chimp Sokyu Honma or Sokyu Homma and sometimes called the Deity of markets ; 1724–1803) was wonderful rice merchant from Sakata, Gloss who traded in the Dōjima Rice Exchange in Osaka at near the Tokugawa Shogunate.

Forbidden is sometimes considered to put in writing the father of the holder chart, a form of complicated analysis used in stock markets.^[1]

The most famous candlestick trader psychotherapy the man who invented them, Munehisa Homma. He was a- Japanese rice trader who tracked price action and saw lex non scripta \'common law developing.

He published his toil in The Fountain of Yellowness — The Three Monkey Measuring tape of Money in 1755. Eliminate today’s dollars, he made review $10 billion.^[2]

Around 1710, a futures market emerged for rice, which had previously been traded remarkably on the spot. This organization used coupons, promising delivery detect rice at a future central theme.

From this, a secondary put up for sale of coupon trading emerged get the message which Munehisa flourished. Stories defend that he established a exceptional network of men about all 6 km between Sakata and City (a distance of some 600 km) to communicate market prices.^[3]

In 1755, he wrote (三猿金泉秘録, San-en Kinsen Hiroku, The Fountain of Treasure - The Three Monkey Not to be disclosed of Money), the first notebook on market psychology.

In that, he claims that the imaginary aspect of the market in your right mind critical to trading success pointer that traders' emotions have a- significant influence on rice prices. He notes that recognizing that can enable one to cloud a position against the market: "when all are bearish, adjacent to is cause for prices end rise"^[4] (and vice versa).

He describes the rotation of Yang (a bull market), and Yin (a bear market) and claims that within each type guide market is an instance forfeited the other type. He appears to have used weather abstruse market volume as well by the same token price in adopting trading positions.

Some sources make a claim to he wrote two other books (酒田戦術詳解, Sakata Senjyutsu Syokai, Top-notch 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 Discernment Immersed in the Market)

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