Technical Analysis Of The Financial Markets: A Comprehensive Guide To Trading Methods And Applications (New York Institute Of Finance) Download Free (EPUB, PDF)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art 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, with a special emphasis on futures markets. 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.
Series: New York Institute of Finance
Hardcover: 576 pages
Publisher: New York Institute of Finance; SUB UPD EX edition (January 4, 1999)
Language: English
ISBN-10: 0735200661
ISBN-13: 978-0735200661
Product Dimensions: 7.4 x 1.7 x 9.6 inches
Shipping Weight: 2.8 pounds (View shipping rates and policies)
Average Customer Review: 4.6 out of 5 stars See all reviews (203 customer reviews)
Best Sellers Rank: #9,866 in Books (See Top 100 in Books) #5 in Books > Business & Money > Investing > Commodities #60 in Books > Business & Money > Finance #142 in Books > Business & Money > Economics
It is entirely possible to spend more time reading trading books than doing any actual trading. This is one of the few books that will remain on my bookshelf and I highly recommend it FOR WHAT IT IS INTENDED - an excellent reference on technical analysis (TA).What I was looking for was something to provide clear, concise descriptions on various technical indicators across all types - trend analysis, price patterns, candles, oscillators, etc. And Murphy not only does this well, but his work provides enough information that I do not see the need for another book on TA on my bookshelf, even though I know that other very good books are available (e.g. Pring). But this one is enough for me. It is well organized and indexed so that I can rapidly look up something while I am setting up trades and get the basic info that I need.One surprise was how well written the book was and how much I enjoyed reading it. I expected a dry reference book but instead found an excellent and engaging read, perhaps with the exception of the chapter on point and figure which was not up to the rest of the book. (If you are completely new to TA, you might find it less entertaining, but in comparison to the dry tome that I expected when the monster-sized book arrived, Murphy is remarkable in his ability to convert most TA topics and examples into 'normal' English.) He also is not a proponent or zealot about any one indicator type, which I appreciate. He does a good job of describing each within the context of its value without trying to convert anyone to any specific indicator. As I do not believe in magic bullets in trading, I appreciate his straightforward approach.
This is by far one of the best sources on Technical Analysis that onecan be lucky enough to find. Mr. Murphy has a clear and simple way ofconveying the subject to us.The book starts off with thePhilosophy behind Technical Trading, Dow Theory, chart construction,then moves onto the basic concepts of Trend, and General Patterns,Moving Averages, Oscillators, Japanese Candlesticks, Time Cycles,Money Management, and eventually leads onto a Checklist.What Ilike about Mr. Murphy is his way of showing and proving a point. Letme digress here to show you what I mean: Say you had a daughter andwanted to show her how to figure out the area of an Isoscelestriangle. Well, you could tell her to memorize that it isbase*height/2. Or if you really wanted her to learn it thoroughly youcan show her how to draw a parallel line to the height, then join theends to make a nice rectangle. Then to compute the area of a rectanglejust multiply the two sides, one being the height, the other beinghalf the base. She will then "derive" this and"understand" how they got the formula. You see, then she cancompute the area under a hexagon or a tetrahedron or any complexobject.Well, Mr. Murphy will show us the same way and"derive" for us concepts such as how a resistance line laterbecomes a support line! The reson for this is so amusing that afterone reads about it we just go "wow..."" Now I understand whythis occurs". You will see how Trend is the most importantconcept in this field, how some indicators are trend following and whyat other times we need other indicators for sideway markets.
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