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 | | Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murphy ISBN-10: 0735200661 ISBN-10: 0-7352-0066-1 ISBN-13: 9780735200661 ISBN-13: 978-0-7352-0066-1 Hardcover 1999-01-04 Prentice Hall Press Find Lowest Price |
Editorials | ||
Book Description John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. "If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X) 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. "One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc. | ||
Reviews | ||
From the Stock Traders Headquarters library A must read. Technical Analysis is the heart and sole of my trading style, it doesn't always work but it sure works enough of the time to make very profitable trades. If you trade on T/A, this book is a must. David Colletti Founder StockTradersHQ.com | ||
Excellent book and delivery good book, clear and thorough, amazon did a good job with the delivery too, it was sent earlier than the expected delivery date, and that is to Kuala Lumpur, MY | ||
"The" Book on Technical Analysis After reading a number of books on the subject, the presentation of information in this book appears to be the most comprehensive and well explained. This is the one technical analysis 'encyclopedia' to refer to. (One negative comment - I'll have to agree with another reviewer that the creaky binding does not suit the high quality of the book's contents.) With both Burton Malkiel's A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition and John J. Murphy's Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance), I figure I've got a good balance in my reading 'portfolio'. These are two excellent books from each side of the investing coin. | ||
Not as Great as Expected The good: Dow Theory, Major Reversal Patterns, Continuation Patterns, Basic Concepts of a trend are problably the good part of this book. The bad: The section(s) on indicators and oscillators was too brief for any reader to learn enough to trade. I nearly wanted to put this book aside when I started reading the part on indicators and oscillators. Quite a thick book with large wordings which I desire. Have not finished yet. Being a thick book, there's bound to be something you find useful. Join discussion on Technical Analysis at http://www.amazon.com/tag/technical%20analysis/forum/ref=cm_cd_et_up_redir?%5Fencoding=UTF8&cdForum=FxQB09HXVN3124&cdPage=1&cdThread=TxXFWHUP6U0IOB&newContentID=Mx2WCANUWZXM91R#Mx28C8HVNH80MA0 | ||
The starting point for Technical Analysis... I think this book should be the first book any aspiring technical analyst ever reads on the subject. The author covers the material in a good manner, sometimes too good, because he repeats himself and covers the same idea over and over again. Which is not necessarily bad, because repetition will cause you to remember the material. The book is written in a very easy to read format, it doesn't feel overly technical, which is weird for a technical book??? I know there are many that do not believe technical analysis is valid. They say it is based on what happened already and that it cannot predict the future. They say it is not 100% accurate. Well neither is the weatherman on my news channel each night. He bases his analysis on data that has already happened, and he is not 100% accurate either. All I know is I have used technical analysis and I have made lots of money with it. So I am a believer. This book covers chart patterns, trends, oscillators, etc. The author explains them in detail, along with how they are generated, and how to use them for trading. None of them are 100% accurate to predict what is going to happen tomorrow. But thats ok because trading is a game of probabilities. You only need a slight probabilistic edge, along with good money management, risk control, and an unwavering trading plan to be very profitable. Learn the basics from this book so you feel comfortable when you encounter them. Understand what they are telling you. Then you can start to formulate your edge and start trading your system. | ||