Episode 275 - On this week's show I discuss the usefulness of Candlestick chart analysis when investing. I reveal the FCA's final salary transfer advice checker which can help you determine whether you received poor advice and have grounds for complaint. We also discuss the best pocket money apps.
Don't forget to join our Money to the Masses Facebook community group, a friendly community that allows like-minded listeners to network and chat.
Click on either media player below to listen to Episode 275 of the MoneytotheMasses.com podcast.
You can also listen to other episodes and subscribe to the show by searching 'Money to the Masses' on Spotify or by using the following links:
Resources
Understanding candlesticks charts
The anatomy of a candlestick - source CMC markets, click the link to read more about candlesticks
Candlestick basics
Candlestick patterns
Here is a summary chart created by the cryptochannel which shows some of the bullish and bearish patterns when candlesticks are viewed in groups. Click to enlarge.
Live daily candlestick chart on the S&P 500
This link takes you to a 6-month chart of the daily candlesticks for the S&P 500. Note the island reversal around June 11th 2020. This chart is a free resource and updates continually.
For posterity here is a static chart of the current market with the island reversal on the right.
The lazy way to use candlestick analysis
This site highlights completed and unfolding candlestick patterns.
Book recommendation
Good book with full explanation of using Candlestick charts
Pension transfer advice checker
The official FCA defined benefit pension transfer advice checker
