Some readers asked my advice on choosing books for trading. Therefore, this post is dedicated to commenting on some master piece that I highly recommend.
John Murphy's Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
is the essential reading for beginners. As the bible of technical analysis, it educates traders on stocks and futures trading. It not only includes crucial topics on traditional trend analysis and pattern recognitions, but also features new material on candlestick charting, inter market relationships, stocks and stock rotation.
is the essential reading for beginners. As the bible of technical analysis, it educates traders on stocks and futures trading. It not only includes crucial topics on traditional trend analysis and pattern recognitions, but also features new material on candlestick charting, inter market relationships, stocks and stock rotation. Charles D. Kirkpatrick II 's Technical Analysis: The Complete Resource for Financial Market Technicians
is a superb book for intermediate or advanced level traders. Charles Kirkpatrick II, CMT, the author, a Wharton graduated professor have decades of experience in using and teaching technical analysis on the college level. There are extensive statistics on trading patterns included in this book. This books has all the technical analysis information you need, on top of that it also extends to cover topics on cycles, Elliott wave, Fibonacci and Gann. system design and testing, and money management.
is a superb book for intermediate or advanced level traders. Charles Kirkpatrick II, CMT, the author, a Wharton graduated professor have decades of experience in using and teaching technical analysis on the college level. There are extensive statistics on trading patterns included in this book. This books has all the technical analysis information you need, on top of that it also extends to cover topics on cycles, Elliott wave, Fibonacci and Gann. system design and testing, and money management.Steve Nison's Japanese Candlestick Charting Techniques, Second Edition
provides in-depth candlesticks analysis in a very easy to understand English. It covers all the candlesticks patterns you need to know for trading. Japanese has been using candlesticks on rice trading centuries ago, and things exist for a reason. I found that by using candlesticks techniques in my trading system, I can identify trend reversals in a much more timely manner. Western technical analysis system is a must have for traders, however, with the help of candlesticks it can immediate boost your skillset up 3 levels.
provides in-depth candlesticks analysis in a very easy to understand English. It covers all the candlesticks patterns you need to know for trading. Japanese has been using candlesticks on rice trading centuries ago, and things exist for a reason. I found that by using candlesticks techniques in my trading system, I can identify trend reversals in a much more timely manner. Western technical analysis system is a must have for traders, however, with the help of candlesticks it can immediate boost your skillset up 3 levels.Alexander Elder's Trading for a Living: Psychology, Trading Tactics, Money Management
is based on three M’s: Mind, Method, and Money. As a phsyciatrist, Elder explains technical terms in a very vivid and humorous way. With his lively explanation of the hard to understand technical terminologies, you can grab the concepts much easier. I have to admit that Elder's wirting is music to my ear.
is based on three M’s: Mind, Method, and Money. As a phsyciatrist, Elder explains technical terms in a very vivid and humorous way. With his lively explanation of the hard to understand technical terminologies, you can grab the concepts much easier. I have to admit that Elder's wirting is music to my ear.Alexander Elder's Come Into My Trading Room: A Complete Guide to Trading
takes you far beyond the three M’s This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. "Trading is the most exciting activity that a person can do with their clothes on. Trouble is, you cannot feel excited and make money at the same time." A cool mind is crucial for anyone who want to be successful in the market, and this book is the one that help you achieve it.
takes you far beyond the three M’s This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. "Trading is the most exciting activity that a person can do with their clothes on. Trouble is, you cannot feel excited and make money at the same time." A cool mind is crucial for anyone who want to be successful in the market, and this book is the one that help you achieve it.Mislenious newsletters and trading systems. Knowledge needs to be connected with practice. All the above books will provide you enough concepts and tools for analysis. Meanwhile, you need to have real marekt updates and trading systems to provide foods for thinking and help develop your own system. Most of the newletters, strategies and trading systems on the corner of my blog have free trial period, just try, they are free.
I have more than 50 trading books in my room and everyone of them is unique. I shared with you the best of the best in above and put the books on the left hand side for your convinience. They are must read for traders, beginner or advanced.
1 comment:
Thank you for the recommendation.
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