Charting and Technical Analysis
Charting and Technical Analysis
- Charting and Technical Analysis
- Stock Market Trading
- Stock Market Anaylsis
- Technical Analysis for Stocks
- investing
To invest successfully or trade in Stocks, Options, Forex, or even Mutual Funds, it is imperative to know AND understand price and market movements that can only be learned from Technical Analysis. You should NEVER attempt Trading or Investing without it! My 25 years experience has taught me that ‘Every book on the market’ regarding Charting and Technical Analysis are seemingly worthless! All seem to find yet another creative way to tell you to “Buy Low and Sell High!” And they offer NO in-depth understanding or analysis about WHO is buying and WHO is selling, and when. Point is, anyone, experienced or not, can show you a picture of a Chart and tell you to buy at the bottom and sell at the top. That is simple ‘hindsight’, and is always 20/20! This book is different! It is IN-DEPTH – EXPLAINED and you WILL learn price movements and technical analysis from this information! You will understand and recognize tops and bottoms in the market and in particular stocks, AS they are forming. This is highly valuable information, and you should NEVER attempt to trade or invest without this knowledge! Mutual Funds? Most people think they do not need this information because the have a Mutual Fund. That could not be farther from the truth. Investing your hard-earned money should be done with your own knowledge of market direction, when to buy, and when to move your money to safety. Without this knowledge you are at the mercy of a salesperson hungry to earn a commission. Thus, invariably entering the market at the wrong time and in the wrong investment. No one else has your best interest in mind, either learn to protect your money or keep it in the bank. It’s that simple. The next move is yours.
List Price: $ 14.95
Price: $ 12.25
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Great Investment Advice,
I have been investing since 1994. After watching my portfolio be cratered by the bear market in 2000 and again for the second time in 2007, I began searching for a better investing approach. I read and reread several books on “Technical Analysis” while creating a new investing strategy.
I bought McAllen’s book, Charting and Technical Analysis with hopes it would provide insight. It did not disappoint. His writing style hit the mark, it is clear, direct, and with the voice of experience.
For instance, McAllen reveals detailed thoughts in entering and exiting investments and trades. New traders will find these interesting and should pay close attention to them. Long term investors should never risk a penny before reading this book. Making money in the markets is not nearly as easy as other books will have you believe. McAllen does not promise over-night riches or get rich quick schemes. His methodical approach is great for any investor or trader.
As for the meat of the book, McAllen’s book has no rivals. I have read many other books on technical analysis and this is the best by far. Refreshingly, he does not waiste time on other indicators, such as stochastics. I’ve used all those types of indicators at one time or another and eventually discovered that they are all based on either price or volume, so I am still convinced that they add no significant value.
McAllen simply goes to great length to describe chart patterns, how to recognize them early, and determine entry and exit points. His approach to finding the most opportune time to enter an investment in relation to risk versus possible reward is an extremely valuable learning experience.
Summary
After completion of McAllen’s book, my new investing approach is to have two accounts. One for short term trading and another for long-term investments that will only be traded only at times to avoid major market declines. Whether you are a novice trader or an experienced long term investor, this is your book. It is worth double the price Amazon is selling it for.
Good luck in your investing.
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|Great for a novice like me,
I really enjoyed this book. I have been trying to invest for years, but never taken the time to step out of the long term ‘stick’ approach; far too emotional, and not clinical. This book has made a lot of things clearer to me, and already I’m looking at charts and making sense….early days, but I feel this is the book I needed, clearly written, and great for a beginner to TA like me.
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