Best book for technical analysis: If you want to start your trading career, you need to learn from several financial instruments. Be it ETFs, mutual funds, commodities, bonds, or stocks, you should opt for the best technical analysis book. These books explain technical analysis while covering crowd psychology and trading system development.
There are several books available in the market that explain the technical analysis experience. Many of those might explain the old and outdated concepts. While there are other masterpieces that help in mastering the art of trading. In this article, we will discuss some of the best books for technical analysis to keep you on the right track.
Best book for technical analysis
- Technical analysis from A to Z
- Technical Analysis of the Financial Markets
- Technical Analysis
- Technical analysis for Dummies
- Guide to Technical Analysis & Candlesticks
Here are the 5 best books for technical analysis you should consider:
1- Technical analysis from A to Z
This book is an excellent read for beginners to learn the basics of technical analysis. It presents the standard terminology in the easiest way to understand the first part. It has over 100 technical indicators and chart patterns that are well explained in a lucid manner.
This book is written by Steven B and he used a methodical approach to explain each and every indicator along with proper examples for better understanding. So, if you are a beginner and want to learn everything about technical analysis from scratch, this book is a must.
2- Technical Analysis of the Financial Markets
If you want to learn about comprehensive resource and technical analysis then this book by John. J Murphy is highly recommended. It covers all the basic aspects and concepts of underlying technical analysis and how to apply them. It helps traders to understand technical analysis in a more comprehensive way with the latest technology tools.
Technical analysis of the financial market explains inter-market relationships, rotation of stocks, and more. It also helps to understand the art and science of reading charts to make smart and profitable decisions. In short, it is an amazing book that offers all the useful information on technical indicators, patterns, and practical examples.
3- Technical Analysis
This book is extensive knowledge on the application and theory of technical analysis. This work is the official companion to the CMT program as it discusses the entire concepts of technical analysis. Besides that, it includes tested sentiments, momentum indicators, seasonal effects, and testing systems. All these things are further supported by practical examples.
This book covers all the recent advances in the field just to keep readers updated. Technical analysis is a complete package of advanced concepts of market analysis, experimental indicators, and much more. Besides that, it includes a rare combination of academic and practical approaches to technical analysis that makes it the best option for beginners and pro traders.
4- Technical analysis for Dummies
This book is highly recommended for beginners as it is quite easy to understand yet it includes a lot of information. This book is loved by many investors and traders as its author explains the basics and focuses on how to utilize this book efficiently for smart trading decisions and profit maximization.
This book sheds light on how to understand current market conditions and use real data to decide which securities one should hold. You will also be introduced to a novel method of developing customized analytical approaches that fit an individual psychological profile.
5- Guide to Technical Analysis & Candlesticks
This amazing book explains the method to examine the past price movements to forecast future price movements to identify trading opportunities. It is the most recommended book for investors and traders as it helps to pick the right stocks at the right time in order to make money from investing.
A guide to technical analysis will help you to learn the various technical analysis tools like support, resistance, moving, technical indicators, and much more with the help of charts and live examples. Also, you will be able to teach risk management to stop losing. You will know when to exit a trade to get maximum ROI.
Conclusion
We have listed some of the best books for technical analysis in this article. If you are an entry-level trader, you should opt for a beginner-level book to understand the technical analysis concept. However, technical analysis is just a part of trading, the other important aspects are management skills and psychology to handle a trade.
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