Book: Technical Analysis of the Financial Markets by John J. Murphy

Discussion in 'Markets & Economies' started by Aengrod, Mar 29, 2012.

  1. Aengrod

    Aengrod Member

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    Got this book from my school library. I must say, that it is well written, pretty simple and promotes an easy approach to the subject: which is (you guessed it) Technical Analysis.
    What its strength? As I've mentioned - simplicity. It focuses on basic chart patterns, market behavior, technical tools, indicators etc

    Sure TA is just a tool, but as with any tool you have to know how to operate it.
    If you do, all those weird zig-zags and candles start making sense, instead of looking like madman's dream creation.

    No doubt that reading this book would help any newbie get grasp of TA, for sure better than most "technical analyst" on YouTube.

    Recommended.


    Point to make: book obviously wont give you a "golden system", simply alert reader what and when to look for.


    [Edit]: Book price around 50$ - tish, or go to your local library ;)
     

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