Price: $29.23
Widely celebrated and occasionally disputed, technical analysis serves as both an art and science that deciphers price activity to deeply comprehend market behavior and pinpoint trading opportunities. In this user-friendly guide, Jack Schwager, a renowned and respected figure in the industry, simplifies technical analysis for novice investors. He provides clear and concise explanations of key essentials such as trends, trading ranges, chart patterns, stops, entry and exit strategies, and pyramiding approaches.
The book is rich with examples and lucid explanations, offering a robust framework for utilizing technical analysis to make smarter, more informed investment decisions. It also forms a solid foundation for mechanical trading systems. Schwager’s invaluable trading rules and market observations, drawn from years of hands-on trading experience, elevate the value of ‘Getting Started in Technical Analysis’.
The guide offers comprehensive coverage of:
* Various types of charts – bar, close-only, point-and-figure, candlestick.
* Chart patterns – one-day, continuation, top and bottom formations, and the significance 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.
* The structured trading approach – defining trading philosophy, selecting markets, risk control strategies, setting up a trading routine.