Best Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) By John J. Murphy

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Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)-John J. Murphy

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Ebook About
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.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.

Book Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) Review :



Book came beautiful. I originally ordered technical analysis of stock trends by Edwards and magee because it was on the cheaper side (and some books I have read mentioned this book. Even murphy's book mentions it.) However, for beginners I think murphy's book is way better because the edition i recieved in Edwards book has very hard to see charts. The writting style is very old too and hard to follow. I didn't think that it would be a problem, but it ended up making me not want to read it to the end, which I didn't at first. Murphy's book is well written and explains things in an easy to understand manner. There will be no flipping pages being fustrated trying to interpret the words. I can see why this is considered the "Bible" of technical analysis. It is definitely the best book on the subject. I have also ordered technical analysis by Kirkpatrick. I still have yet to read it, but after skimming through it i think it's over rated for beginners. There were some reviews that mentioned this book, and the reason I looked Into it. It's looks like a very interesting book, and I like the writing style, however I don't think it should be the first book for traders. Murphy's book is the go to book. Every other book should be secondary in my opinion.
I purchased this because I felt my insights into technical analysis were still limited after reading a host of other finance and trading books. Now that I've finished reading this, I feel confident that I understand the subject and can, for the most part, explain it to others.Have no misconceptions - this is a thick book that deals with a lot of arguably dry subjects like retracement percentages, oscillation ranges, and specific price movements; you will find parts of it hard to get through, but I urge you to persevere! (I found it very manageable to read two full chapters a night after work (around 50 pages total), and I finished the book in about ten days.)I found almost all of the information useful, and ended up taking almost twenty pages of notes. (Compared to the typical 3-5 pages that I usually do on other trading books.) The section on Japanese candlesticks in particular was quite useful.I absolutely recommend this book to anyone looking to develop an understanding of technical analysis, or to someone who has one but wants to improve it.

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