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Technical analysis is a collection of techniques designed to help people make trading decisions. Technical Analysis For Dummies, 2nd Edition explains the basic principles and shows you how to apply these principles in an approachable and non–intimidating way.
Since the publication of the first edition of Technical Analysis For Dummies, readers have been faced with many changes to the investment landscape, such as new interest rates, looming bank crises, and adjusting market climates. This updated edition includes information on the new indicators, hands–on applications for real–world situations, as well as practical examples that reflect today′s financial atmosphere.
With straightforward coverage of concepts and execution, Technical Analysis For Dummies shows you how to make better trading decisions in no time.
Savvy traders have been using technical analysis for over a century. It′s easier than ever with PCs and the Internet to use technical analysis to make smarter trading decisions. This hands–on, friendly guide gives you plain–English explanations of everything you need to know to put money in a securities market to astounding results.
Open the technical analysis toolbox — get a clear overview of what technical analysis is and how it lets you observe prices in a new way to make trading decisions
Get in the technical mind frame — discover how to select indicators that match your personality and preference for risk, and get to know the types of profit and loss outcomes typical to each
Set the bar — understand how to observe price bars and small patterns to earn cold, hard cash
Be trendy — use indicators to identify whether your price is trending, the strength of the trend, and when the trend is at a reversal
Open the book and find:
Why technical analysis does and doesn′t (always) work
Ways to identify crowd behavior and patterns
When to use chart indicators
How to draw a trendline
Guidance on transforming channels into forecasts
The simple arithmetic needed for dynamic analysis
Tips for measuring momentum
Why timing is everything
Expert examples
Learn to:
Grasp and apply the basic principles of technical analysis
Improve your profits
Brush up your knowledge of the trend–following principle
Join the smart money crowd that knows when to hold, and when to fold
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful:
5.0 out of 5 stars
Forex traders need this,
By
This review is from: Technical Analysis For Dummies (For Dummies (Lifestyles Paperback)) (Paperback)
This book is about Technical Analysis in general, but Forex traders should still read it. I mention this because many Forex traders won't buy books without Forex in the title.
The author explains in simple to understand terms the basics for understanding charts, using indicators, trade management and setting up a plan. All without being overly simplified or a lot of filler mumbo jumbo. For a Dummies book, I didn't feel like it was being "dumbed down". This is an excellent reference book that you can keep beside you when you are doing chart analysis. If you are new to trading and want to really learn what you need to know about technical analysis then this is the book for you. It will teach you the basics and give you a good platform to continue your research and knowledge gathering. It will also arm you with enough knowledge to avoid a lot of the scams out there. She is very honest about the fact that there is no perfect system, but by following this book through you can choose the tools you need, understand and believe in to give you the best chance at making good trades. Buy this book; the risk/reward is in your favor.
2 of 2 people found the following review helpful:
4.0 out of 5 stars
very solid read and introduction,
This review is from: Technical Analysis For Dummies (For Dummies (Lifestyles Paperback)) (Paperback)
Like most for dummies books I think it does a great job in introducing you to the topic and leading you onto more advance resources. I don't think this book is enough to start trading in the worlds financial markets but I do believe its a key stepping stone to being able to do so. I think that unlike some of the other for dummies books I have read I think that all the information in this book has a use.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Well written.,
By
This review is from: Technical Analysis For Dummies (For Dummies (Lifestyles Paperback)) (Paperback)
Much easier to get to grips with this subject than other books I have read. Not to say it's easy and never will be. To successfully trade stocks and Forex is a challenging business. If it were easy everybody would be doing it and making millions. Have good hope that the info contained in this book will do the business.
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