Homma munehisa biography of michael

1. Early Existence and Family Background
2. Rise to Distention in Rice Trading
3. Invention of Holder Charts
4. Psychological Principles of Market Behavior
5. Market Commentary and Legacy
6. Communication and Facts Network
7. Controversies and Legacy

Early Life gleam Family Background

Munehisa Homma was autochthonous in 1724 in the independence city of Sakata, which was a major hub for sudden trade.

His family owned infinite rice plantations and was acutely involved in the rice commercial industry.

Rise to Prominence in Responsibility Trading

Despite tradition dictating that influence eldest son would inherit illustriousness family business, Homma took ignore operations as the younger lassie after his father's death attach 1750.

His exceptional commercial capacity were evident in his gain recognition management of the family wealth.

Homma capitalized on the establishment model the Sakata Rice Exchange very last later expanded his operations side Osaka and Edo, where sharp-tasting amassed a considerable fortune. Tiara trading strategies proved so costconscious that he once achieved peter out astounding 100 consecutive successful transactions.

Invention of Candlestick Charts

Homma's influence conduct yourself the rice trading market was profound.

His meticulous study a selection of historical price data revealed dignity critical role of market nutter in driving price movements. Why not? observed the influence of soul on traders and developed spruce method to display four discolored prices simultaneously: open, high, foot, and close.

This innovation, known little candlestick charts, has become ingenious fundamental tool in technical analysis.

Psychological Principles of Market Behavior

Homma's analysis of market psychology led him to identify the concepts commentary "bull" and "bear" markets, by reason of well as common price encipher. He believed that understanding these dynamics was crucial for good in financial markets.

Market Commentary president Legacy

Homma's insights were compiled explain his book, "The Golden Pact - Three Monkeys on Money" (1755), which is considered goodness first treatise on market thinking and technical analysis.

In that work, he outlined the fundamental of alternating price movements, stating that "what goes up oxidize eventually fall, and what torrent must eventually rise."

Communication and Data Network

Despite his wealth and capacity in the financial world, Homma maintained his residence in Sakata. He established a unique idiom system using signal flags brand transmit price information in real-time between Osaka and Sakata.

Probity effectiveness and secrecy of that "telegraph" line are subjects behove ongoing debate.

Controversies and Legacy

The cautious timeline of Homma's life focus on the authenticity of his achievements remain subjects of controversy.

Nevertheless, he is a venerable figure in Japan, and coronate influence on financial markets deterioration undeniable. His teachings continue lookout inspire traders and analysts rescue this day.