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The Complete Idiot's Guide to Technical Analysis: Proven Techniques to Help You Identify the Right Times to Buy and Sell
Troubled economic times call for recession-proof, reliable trading advice. CD included.
In today's volatile market, the most reliable way of anticipating when to invest is the technical analysis of market patterns. Here, a veteran trader and technical analysis software specialist shares his decades of experience, enhanced with an innovative audio-visual tutorial CD. It employs jargon-free, detailed explanations of each aspect of technical analysis and advice on how to set up shop to become a successful home technical analysis investor.
? Veteran trader and expert on technical analysis
? The most current strategies that reflect today's fast-paced market
? Over 90 charts, both black-and-white and full-colour, and how to read them
? Unique instructional CD
In today's volatile market, the most reliable way of anticipating when to invest is the technical analysis of market patterns. Here, a veteran trader and technical analysis software specialist shares his decades of experience, enhanced with an innovative audio-visual tutorial CD. It employs jargon-free, detailed explanations of each aspect of technical analysis and advice on how to set up shop to become a successful home technical analysis investor.
? Veteran trader and expert on technical analysis
? The most current strategies that reflect today's fast-paced market
? Over 90 charts, both black-and-white and full-colour, and how to read them
? Unique instructional CD
- GenresFinance
352 pages, Paperback
First published January 5, 2010
2 people are currently reading
27 people want to read
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Displaying 1 - 2 of 2 reviews
September 11, 2018
So I have been trying to get into investing and picked up this book out of curiosity. The Complete Idiot’s Guide to Technical Analysis talks about a method to predict the random walk inherent in the stock market by looking over the past performances of the market. I am a bit leery of this idea. I understand that markets go over trends and somewhat predictable patterns, but this book also seems to believe that human beings are rational agents. It does state that people have emotions and follows those emotions when things get hairy, so there is that.
The basic idea is that a chart tells you all the important information you need to know. It strips away the emotional impact of people interacting and brings you just the facts. The basic ideas of buying and selling are in this book; buy low, sell high and so on. It also discusses how to set up a trading office in your home and get started with the analytical tools necessary to do so.
So far, all I have learned from these books is that I need a lot more money to even consider investing in the markets. The author suggests you use a minimum of $20,000 or something that you would not require in your day to day life. This isn’t an emergency fund or anything, this is padding that you can spend and not miss. That alone puts me at a massive disadvantage. I once again find that I am simply too poor to become wealthy.
About a fourth of this book is devoted to the different kinds of charts and reading them to glean useful information. It talks about patterns, how to find like-minded people on the internet. This book was printed in 2009 and discusses the Housing Bubble market crisis and subsequent bailout.
I was open to the ideas of this book at first, but I suppose my preconceived notions worked against me in this case. The book acknowledges that there is another method to investing and trading, but sort of waves it away. That other method is called Fundamental Analysis and goes over the ways that the company does business to price the stock of the company and see if it is valued correctly.
In any case, this book was not excellent, but at the same time, it was not terrible. My qualms with the book are just that it doesn’t seem possible to predict the random ups and downs of the market with historical data. I understand that a person can use mathematical analysis to make predictions that seem more accurate and that stocks run on Stochastic Models and stuff like that, but I don’t know much about any of that.
The basic idea is that a chart tells you all the important information you need to know. It strips away the emotional impact of people interacting and brings you just the facts. The basic ideas of buying and selling are in this book; buy low, sell high and so on. It also discusses how to set up a trading office in your home and get started with the analytical tools necessary to do so.
So far, all I have learned from these books is that I need a lot more money to even consider investing in the markets. The author suggests you use a minimum of $20,000 or something that you would not require in your day to day life. This isn’t an emergency fund or anything, this is padding that you can spend and not miss. That alone puts me at a massive disadvantage. I once again find that I am simply too poor to become wealthy.
About a fourth of this book is devoted to the different kinds of charts and reading them to glean useful information. It talks about patterns, how to find like-minded people on the internet. This book was printed in 2009 and discusses the Housing Bubble market crisis and subsequent bailout.
I was open to the ideas of this book at first, but I suppose my preconceived notions worked against me in this case. The book acknowledges that there is another method to investing and trading, but sort of waves it away. That other method is called Fundamental Analysis and goes over the ways that the company does business to price the stock of the company and see if it is valued correctly.
In any case, this book was not excellent, but at the same time, it was not terrible. My qualms with the book are just that it doesn’t seem possible to predict the random ups and downs of the market with historical data. I understand that a person can use mathematical analysis to make predictions that seem more accurate and that stocks run on Stochastic Models and stuff like that, but I don’t know much about any of that.
January 29, 2019
This is a good starter for beginners. However, some of the chapters are long only for the subject to be discussed later in a shorter and easier to understand manner.
Displaying 1 - 2 of 2 reviews