Product Description

Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager–perhaps the most recognized and respected name in the field–demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book′s numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager′s invaluable trading rules and market observations culled from years of real–world trading experience, Getting Started in Technical Analysis offers in–depth coverage of:
∗ Types of charts–bar, close–only, point–and–figure, candlestick.
∗ Chart patterns–one–day, continuation, top and bottom formations, the importance of failed signals.
∗ Trading systems–trend–following, counter–trend, pattern recognition.
∗ Charting and analysis software–price data issues, time frame/trading style considerations, software research.
∗ he planned trading approach–trading philosophy, choosing markets, risk control strategies, establishing a trading routine.

Product Details

• Amazon Sales Rank: #148719 in Books
• Published on: 1999-02-16
• Original language: English
• Number of items: 1
• Binding: Paperback
• 352 pages

Shares, 28th June 2001
"competent introduction to technical analysis."

From the Back Cover
Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager–perhaps the most recognized and respected name in the field–demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book′s numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager′s invaluable trading rules and market observations culled from years of real–world trading experience, Getting Started in Technical Analysis offers in–depth coverage of:
∗ Types of charts–bar, close–only, point–and–figure, candlestick.
∗ Chart patterns–one–day, continuation, top and bottom formations, the importance of failed signals.
∗ Trading systems–trend–following, counter–trend, pattern recognition.
∗ Charting and analysis software–price data issues, time frame/trading style considerations, software research.
∗ he planned trading approach–trading philosophy, choosing markets, risk control strategies, establishing a trading routine.

About the Author
JACK D. SCHWAGER is the CEO of Wizard Trading, a commodity trading advisory firm that has been managing client funds since 1990. He is the author of The Complete Guide to the Futures Markets, Market Wizards, The New Market Wizards, Fundamental Analysis, and Technical Analysis.

Customer Reviews

Value-for-money get started book
Wanting to learn technical analysis or understand what it is? This book is a good start.

It might not teach you all the tips and tricks to beat the market but rather present you with the right reference/knowledge to get a better understanding of how to interpret/isolate signals from noise. So far I haven't applied TA to my 'real' investment yet but this book has nonetheless presented enough regularly used terms/methods/concepts in TA for readers to build their own trading systems.

For ten pounds, it's an obviously good investment if you ask me.

A Great Intro to TA
This book takes the novice clearly and calmly through technical analysis. Schwager is one of the most respected names in the business, and he writes beautifully. He also points out the drawbacks of charting, and gives a whole chapter of (real-life) chart exercises for the reader to try. A worthwhile book.

Contradictory.
This guy states frankly that a lot of people don't believe in technical analysis. He then goes on to give lots of examples that show why that is the case. Arbitrary choices of signals, no statistical justification, to quote (inaccurately) someone from Dragon's Den - if you believe in technical analysis you believe in astrology.