How Technical Analysis Works

by Bruce M. Kamich

Since the early 1960s, the number of different investment instruments has multiplied. Currencies now float, and interest rates can fluctuate sharply. Money moves around the globe easily and around the clock. We don't wait for chart books to come in the mail; we don't even have the patience to download a file from the Internet. Thousands of people are using technical analysis in some form, but most likely without a good framework in the basics, without a true understanding of what they are doing.

How Technical Analysis Works offers a tested approach to technical analysis. The book is organized in an order that builds comprehension and skills in a logical way to make it easy to understand the subject. It provides investors, traders, and students with a good first book on technical analysis prepared for the twenty-first century.

Regardless of your level of experience and investment knowledge, this is a book you will keep and refer to for years to come. How Technical Analysis Works is the one book that tells you what is important, the book that shows you how technical analysis can be a timing tool, a selection tool, and, most important, a risk management tool.

Genres: Finance

306 pages, Hardcover

First published December 3, 2002

Reviews

[Wayne]

This has to be the best intro - intermediate level book on technical analysis that I have read so far. There are books out there that will cover a lot more indicators and oscillators, but that's not what this book is about. This is all about trying to give you an idea of how you can interpret what is going on in the market when you read the charts. Kamich covers a decent amount of technical information here, but the real take-away from the book is his explanations of what it all means.

I would recommend this to anyone who has an interest in learning technical analysis as well as people who have read books on the subject before.

[Chris528735]

This is a very good, relatively concise book on technical analysis. It doesn't go into near the details of Murphy's classic, but it does a good job of explaining the basics. I would recommend this book as a refresher or as a first book on TA. I found the sections on oscillators, stochastics, and RSI particularly strong. I found this book to be very practical in that it talks throughout about using TA to become a better investor/trader, in particular with regards to risk management. The book seems to have a stock market bias as most of the examples are primarily from the stock market. Many of the graphs in the book are a bit blurry, which was a bit of a distraction, but still useful.

[Sagar Jethani]

Received solid ratings on Amazon; looking forward to starting this one tomorrow.