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Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications?
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39 reviews of this product found across Reddit:
Here is the bible for technical analysis! Only book you will ever need!
If you’re interested in learning more about technical analysis, the best book by far is <em>Technical Analysis of the Financial Markets</em> by John Murphy. It is considered the bible of technical analysis.
if you have some time, I recommend reviewing this over the holidays - it's good to have this side-by-side with the Intelligent Investor --- https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=sr\_1\_1?keywords=murphy+technical+analysis&qid=1669050829&s=books&sr=1-1
Got a new one for you that I started and following on another thread as well as a guy goes through it chapter by chapter.
Technical analysis of the financial markets by John J Murphy. https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
A complete must read in my opinion as it is a classic.
This is the book my discord group recommended and they do good. Make sure to get the book not the study guide
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications https://www.amazon.com/dp/0735200661/ref=cm_sw_r_cp_api_glt_fabc_TMKNGWXEWSH0QWBSMFHM
https://www.amazon.com/dp/0735200661/ref=cm_sw_r_cp_awdb_imm_t1_xnkXFbNET6S2N
Also follow good traders and news sources on Twitter
Adam Mancini Tictoctick (not TA but good levels) DeitaOne Dragvs7 Traderstewie
Also look into volume profile
Good luck 😉
Technical Analysis of the Financial Markets by John J. Murphy is sort of a one-stop shop of technical analysis. It's a good place to start—read criticality and don't take it as gospel.
Hello everyone, need a GOOD PDF copy of this book: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications.
All pdfs I got were with zoomed out pages and unaligned from page to page. You can send me a peek of 2 or 3 pages for me to check if it's good enough and then I'll pay.
I'm willing to pay 5$ by PayPal.
Thank you in advance!
When looking at stocks I prefer to use technical analysis when deciding to get in and out of a stock. I highly recommend this book for a basic understanding of how it all works. Technical Analysis of the Financial Markets
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) Hardcover – January 1, 1999 by John J. Murphy (Author) The Bible of the religion of the triangles. https://www.amazon.com/gp/product/0735200661/ This is the old testament, the one before Fibonacci technical analysis, don't remember which Fib book is the new testament.
What's keeping you from using the same tools they have? If you read this book, for instance, you would be able to predict a trend downturn in time to get off the market before the crisis.
> How to read graphs and predict stock market movements based on that?
A good book for learning technical analysis
http://www.amazon.in/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
By the way just remember that most intraday traders lose money.
I've been learning the indicators one at a time. The thesis is, traders watch these levels to time trades. 🤷♂️
This book is the 'bible' but I haven't bothered to read it.
https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
I'm sure a youtube search will find any number of results.
For learning, honestly, I just look at charts that people make who have been doing this for awhile and learn from them. I like Patrick Ceresna a lot.
My approach is - look at a chart and draw some straight lines. This is a bit of an artform but starts to become easier once you look at charts a lot. Trend lines should touch the bottom of at least three candles (the fat part). Also, horizontal lines for historical support/resistances.
EMA - I'm looking at 20D, 50D, 100D, 200D and seeing which one is most significant. Basically - which EMA do the candles touch most often? Is it support (they bounce off and go up) or resistance (they touch it then go down)?
The "Pivots Traditional" can be useful but eh. VWAP and bollinger bands seem useful but I don't totally get how to set them up. Fib retracements I get but seems pretty "hocus pocus". MACD seems kinda useless to me for what I do. I don't understand why anyone cares about Elliot waves.
Most of the more 'advanced TA' is pretty hocus-pocus to me.
The wiki gives a comprehensive list of books/sources to follow, for starting with Forex. I'll just mention the ones I used/still refer.
Worth starting at babypips.com
Then there are many, many books. But most of them are repetitive, discussing the same stock patterns over and over again. John Murphy's Technical Analysis of the Financial Markets is good enough and exhaustive enough for beginner.
At some point, you have to start practicing what you learn. Open a demo account and try it out.
There is this book, How to Day Trade for a Living, which discusses some general strategies. A basic idea on how to start thinking about trading. That book is focussed around CFD trading of shares. Doesn't cover Forex.
Day Trading and Swing Trading the Currency Market discusses long-term trading, with Fundamental Analysis as a guiding principle. It's from a professional, so her insights are valuable. You get an idea of how investment firms approach trading. The examples are still "too perfect". Most of the times you won't get this lucky.
Read some books on psychology too: Trading in the Zone is a laymen basic understanding of psychological aspect of trading. It gets a bit too repetitive and his "theory" becomes more speculative and mystical. But it has some good core ideas to consider.
More scientific (as in, it cites concrete scientific studies) is Evidence Based Technical Analysis. Author makes a genuine effort to follow a disciplined, (as much as possible) objective approach to Technical Analysis. So he considers psychological and statistical aspects of trading in a consistent way. The statistic part leaves much to desire, but at least he makes an effort to place TA in a rigorous framework.
For a more thorough exposition of Statistical Methods in general, Introduction to Statistical Learning is worth a read.
No worries. I started trying out trading actively like 2 years ago, wound up losing like 50% of my portfolio the first year because I expected the COVID crash to double-bottom and didn't set real stop-losses on leveraged short ETFs. Was a painful experience, but since July I'm up 200%. Now I'm sitting 1/2 in cash and about 1/3 in fairly boring plays like Subaru (FUJFY), Airbus (EADSY), and ABEV because their valuations are reasonable and they should benefit from COVID rebounds.
First lesson: valuation matters no matter what people say - learn basic fundamentals analysis - Debt/Equity ratio, Price/Sales estimates, etc. and compare them with the sector/industry. Same with insider buying and learning what different kinds of equity offerings indicate.
- For where to look for info on these things, Roaring Kitty/DFV has an excellent video: https://www.youtube.com/watch?v=x2CBcthRVKE
Second Lesson: stay away from leveraged products until you know what you are doing, and stay away from leveraged short etfs, period.
Third Lesson: Have a stop-loss or trailing stop-loss set. If the stock is high-volatility, some brokers won't allow that, so you have to stick to your mental exists. This is where learning about support/resistance, trend analysis, and technical indicators are important.
- If you don't mind reading, this book is an outstanding way to learn technical analysis, especially the first half: https://smile.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=sr_1_2?dchild=1&keywords=technical+analysis&qid=1613073238&sr=8-2
Final Lesson: pay attention to market sector performance and look for good opportunities in underperforming sectors that are primed for a rebound. This isn't perfect, but it's a good guideline.
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For technical analysis try Technical Analysis of Financial Markets: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
Read this then hit me up. We're talking a lot of knowledge needed to get to the prediction side of things. I've been doing this 13 years and I found a mentor who had been trading for 20 when I started out. Happy to share but lets start with a solid foundation of technical analysis and chart patterns then we have a common language to communicate in.
https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/
im only reading 2 books https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661 and https://www.amazon.com/Mathematics-Technical-Analysis-Applying-Statistics/dp/0595012078 In both cases Ive just downloaded the pdfs and im reading mostly because I am interested and find I learn well with books.... The only thing Im confused about yoru comment is after "its all bollocks" (which is perfectly clear about EVERYTHING haha) are you saying babypips is 100% bad or are you saying the bulk of that and all the stuff on the interent is bad... I ask because it seems like some of the stuff on babypips is really necessary in order to start doing this such as explaining forex position calculations etc... even with calculators I need to know what Im doing, and so yeah right now is me sifting through the good and the absolute bollocks! haha ;)
Leé este libro, te enseña un montón sobre los mercados financieros. Ese es el conocimiento que usan los traders "reales". El resto es práctica
Has anyone ever read [Technical Analysis of Financial Markets](https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=sr_1_2?crid=33WVH7O5X9HPT&dchild=1&keywords=technical+analysis&qid=1608968798&sprefix=technical+anly%2Caps%2C294&sr=8-2)?
Go buy this book, and read it. If your not prepared to read then your not prepared to learn.
https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
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The original comment's content was as follows:
> Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) https://www.amazon.com/dp/0735200661/ref=cm_sw_r_cp_apa_fwgTBb55WXR8N
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> All you really need, not a ref link
Did you read this https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
That should answer your question.
Hah, I personally have never read a book on it as it is not my learning style. This is one of the more popular ones: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
Someone asked for a book suggestion to learn.. might as well share: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
This is what you wanna read. Free PDFs can be found
http://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
I use R, there are also a lot of libraries available to work with time series data and it's good for generalized linear models. If you're more into technical analysis, I'd recommend Technical Analysis of the Financial Markets. For quantitative trading check out Inside the Black Box: The Simple Truth About Quantitative Trading. And I use sharebuilder, the $10 transaction fees also kill me, it definitely helps to have a large amount of capital to start with. I've been checking out <$1 stocks and buying large #s of shares. If I had more capital all of my investments so far would have made me about $500. Then I'd just continue to play with "house" money. So yes, one book I've read recommends 50k to start. I'm just hoping to make some money slowly over time and keep going from there.
I'd recommend http://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661 if you're doing short term trades (which IMHO means primarily technical analysis)
I don't understand your confusion, but here's an excellent book that addresses another question of yours.
Have you read this book? It's the first steps you need to learn, 576 pages, if you want to trade individual stocks. Without a lot of knowledge you will almost inevitably lose money.
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