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5.0 out of 5 stars An excellent reference - well worth the investment
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.Let me also note what this book is NOT so that you do not buy it for the wrong reasons:a) As you should gather from the above, this is not a trading system. Murphy will not tell you which indicators to use most or in which combinations to produce the best results. He will provide insight into many indicators and classes of indicators but he is NOT trying to convince you to use any specific indicator in any specific way. So he doesn't try to convince you of WHAT to use, just helps you understand WHEN, WHY and HOW each indicator type is used by various traders.b) Also, this is NOT intended to be the complete, in depth statement on any of the topics covered. For example, his section on Candlestick formations is simple, clear and includes many examples, but it is undoubtedly not the same as picking up Nison's works on Candlesticks. Similarly, you can find many books dedicated to Elliot Waves, Fibonaccis and other topics. Murphy provides the basics, but do not expect as thorough an explanation or justification as a dedicated book would provide. Then again, expect a dedicated book to try and convince you why its particular system or method is so much better than any other, something that Murphey will not try to do to you!c) Finally, this book is NOT intended to convert people who do not accept TA into believers. Frankly, it is much easier to get most people to accept that `fundamental analysis' affects a stock's value and price, but it is harder for most to understand and accept that simply analyzing the stock's price and related indicators can predict future moves. Murphy's opening chapters include some simple basic background on TA, but verbal explanations have limited value in convincing a pure `fundamentalist' that properly used technical analysis works. The only way to break down this barrier, IMO, is simply to learn and use various indicators for a while to begin seeing how predictive they can be. Murphy does not try to convert - he simply provides a learning reference. From there, anyone using TA needs to practice to become proficient.So, in summary, I highly recommend buying this book for what it is intended to be - a reference book on technical analysis. It does this job excellently.
5.0 out of 5 stars Outstanding
Gives great technical guidance
5.0 out of 5 stars Essential Guide for Market Analysis
Technical Analysis of the Financial Markets" stands out as a comprehensive resource for traders and investors seeking to deepen their understanding of market dynamics. This guide masterfully covers a wide range of trading methods and applications, making complex technical analysis concepts accessible. Its detailed exploration of chart patterns, indicators, and trading psychology offers valuable insights for both novice and experienced market participants. The book's practical approach, supplemented with real-world examples, equips readers with the tools to develop sophisticated trading strategies. An indispensable reference for anyone serious about mastering the art of technical analysis and enhancing their market performance.
5.0 out of 5 stars LOVE the book and a side note about why AMAZON is AMAZING!
First of all, this book is GREAT for the novice investor, and broker who is new to the investment industry such as myself. Due to the downsizing of my previous career, I made a career change to the stock market. Crazy I know, but I love it. Technical Analysis is not hard but can be confusing if you are not sure what all of the "pretty" lines represent. This book breaks it down for someone like me to where I can TRULY understand what a chart is telling me. True, charts CAN be subjective, but the numbers don't lie. Charts combined with some fundamentals can make you a powerful investor if you know what you are doing. The book is not so basic that it would bore a knowledgeable investor; even those who have been trading forever can learn something from this book. Murphy makes to where Technical Analysis makes sense! Now...Why do I think the world of Bolo? I've been watching the price of this book for about a year. I ordered this book due to a manager's recommendations (who allowed me to hold on to her book for a couple of months) and my company trainer's STRONG recommendations just recently. (No they do not work for this company and they are NOT receiving any proceeds for the recommendations.) I received the book and from the outside, the book appeared to be perfect. While flipping through the pages, I saw that pages were damaged in one section. I have been ordering from Bolo for years and not once have I ever had to return an item. This was the first one. I received my package on Tuesday, opened it on Wednesday, contacted Bolo via the web instructions, and dropped the book off at the local UPS location on Thursday. Also per Bolo's instructions, they wanted additional feedback on why I was returning the item. After leaving the feedback, I anticipated that I wouldn't receive the book for another week or so. The return instructions were SO easy it made my head spin. That's not even the best part. I was shocked when I saw I received an email that my replacement book was on its way on Thursday. Get this (here's the BEST part)...I received a PERFECTLY new replacement today, Friday. I am thoroughly impressed. My main purpose for ordering the book when I did was to have it in time for me to utilize when I return to my team on Monday. Due to the advanced training we've received at work, this book is something that will be useful for years to come.
Esxcelente la manera clara en que se explica.
Explica perfectamente los patrones comunes y lo mejor de todo es que esta en ingles, que es como se debe estudiar este tema
Very informative
If you are interested in the basics of technical analysis on any market this is the book.
Awesome
This book have given me a very basic understanding to very most of the technical tools and types....it was very understandable too
Lots of knowledge, easy to reference
This book has a lot of knowledge packed into it, and its easy to flip through to find different strategies. This serves as a very nice quick reference to make sure I haven't missed anything. The book is also good for beginners who are new to trading, the first few chapters are really good for introducing people to the concepts around how the markets work, and the whole book is written in an easy to read manner.
L'enciclopedia della analisi tecnica
Un must per chi è interessato alla analisi tecnica
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