Technical Analysis of the Financial Markets

Title: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications.

Author: John J. Murphy. 

Editor: Prentice Hall Pr.

Year: 1998 (Revised Edition)

Year of first edition: 1986

Rating: 5 / 5

Amazon Link:

Main topic: Excellent reference for Technical Indicators.

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About The Author

John J. Murphy is a former Technical Analyst for CNBC and has over forty years of Market experience. He has a bachelor of arts in economics and a master of business administration from Fordham University.

Murphy has appeared on Bloomberg TV, CNN's Moneyline, Nightly Business Report, and Wall $treet Week with Louis Rukeyser. In 1992, he was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and was the recipient of the 2002 Market Technicians Association Annual Award. 
He is the Author of value Technical Books including this one, which represents the reference for all people who want to approach the Technical Analysis of Financial Markets. [1]

Summary:

This Book represents the updated version of Murphy's bestseller "Technical Analysis of the Futures Markets".

Don't know what technical analysis is and would you really like to learn how it works? This is the book to read to learn about Technical Analysis.

Many of the professional courses in technical analysis are based on the concepts contained in this outstanding book which has already taught thousands of traders the basis of technical analysis and their application in the futures and stock markets. 

Covering the latest developments in computer technology, technical tools, and indicators, this second edition features new material on candlestick charting, Intermarket relationships, stocks and stock rotation, plus examples and figures. 

From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

There is no literature published that is more comprehensive and informative of Technical Analysis than this. The reader may find more detail elsewhere if there is a specific charting method he is interested in, but for a practical and complete guide on the subject, from our point of view, it doesn't get any better to start with.

Thanks to this book, the reader will be able to:

  • understand Technical Chart construction,

  • identify the Stock Market direction,

  • understand the Major Reversal Pattern,

  • use moving averages,

  • understand candlestick Charts,

  • understand Elliot Wave Theory,

  • apply simplified Money Management and Trading Tactics,

  • understand Stock Market indicators,

  • approach the basis of a Trading System.

We believe that this is a book to read that absolutely deserves to be purchased and that should be consulted at all times to imprint the Technical Analysis methodologies. 

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[1] Source: Wikipedia and Amazon