Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) [Hardcover]

Written in a very easy to digest fashion with a very sensible progression, the reader can not only learn techniques, but get a basic outline of all major TA techniques, from which one may decide on a more detailed course of reading that would have otherwise not been possible.

It is a must buy with the "Study Guide" as this gives one the chance to test your command of the subject matter.

I have not finished reading it, I am only 60% of the way through, but I had to write a review NOW to help you decide.

Chances are, the price overwhelms you, and you are looking at many other TA books trying to find an equivalent cheaper one. There aren't any.

This book is worth ever dollar. Many other books make TA seem so complicated, difficult. Furthermore, it gives a much deeper understanding of what it explains, many other books simply tell you something but you don't learn why, how, what to do if there is a variance, etc etc you get the idea.

It is a huge book and very well presented. The graphs are well located to the text, easy to understand, each with its own detailed annotations directly underneath as well as references in the text.

It is recently updated, and might I say ~thoroughly~ updated, it has a section on Japanese Candlesticks which makes obsolete a previous book I bought (by the same author, looks like he pasted most of it in this book). Look at the contents, it covers most everything, including Elliot Wave theory. They have done an excellent job at updating it.

There are other TA "Bible" books out there, classic masterpieces, which are very good, however the recent updates made to this one, combined with its easy to read, learn and wonderful presentation make this the winner.

If you get one book on TA, get this one. It is worth the money. You will save money in three ways:

1. if you get another book instead, you won't have to purchase this one later when you realise how lacking the other one is (or worse, buy several trying to fill knowledge gaps)

2. you will make better trades

3. you will save time, learning faster

I really cannot emphasise how well the concepts are explained. This is a class act all the way, I highly recommend it, I cannot believe there are not 80+ positive reviews, I guess all the other TA people out there either want to keep the knowledge to themselves or are too lazy.

If you already own a previous version of this book, I would even recommend getting this latest one as well.

Also I recommend The Disciplined Trader, Candlesticks by Nison.

Good luck!