Tuesday, June 19, 2007

SFO: Technical Analysis - Book Review




What Is It About?

This book collects several articles on online trading from Stocks, Futures, and Options magazine. This anthology contains articles from such trading luminaries as John Murphy, Brian Shannon, Thomas Bulkowski, and Lawrence McMillan. The topics covered include the history of technical analysis, chart construction, patter recognition, and application of technical analysis.


What Did I Get Out Of It As A New Investor?

A solid overview on the study and application of technical analysis. The editor of the book assembles the best articles appearing in Stocks, Futures, and Options magazine in order to walk the new trader through the process of understanding what technical analysis is all about. This book helps one understand the various factors that go into following a technical analysis style of trading.

From chart construction to trend and pattern recognition to using technical indicators the book provides an introductory overview to many of the common questions a new trader may have about technical analysis. All the articles provide answers to those common questions new traders have about technical analysis. In short, the book presents material most helpful to new traders wanting to learn technical analysis.


The Good News

A helpful book for a new trader with a basic introduction to issues regarding technical analysis.


The Bad News

While the book does assemble many great articles into book form which may appeal to the experienced trader, this may not be the best book for those who have moved beyond the introductory stage of technical analysis.


The Bottom Line

A solid informative book for the new trader looking for a comprehensive overview on technical analysis.


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3 comments:

Trading Goddess said...

I like a roundtrip ticket leaving SFO and arriving in... oh! wait a sec! That's not what this post is about!

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QUALITY STOCKS UNDER 5 DOLLARS said...

Another excellent book review.