Technical Analysis for Dummies 
asked by orla on November 20, 2006 5:34 PM
A simple, straightforward guide to the fundamentals of technical analysis
For active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.
Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services.
For active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.
Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services.
Reviews
God help the "dummies" who like to learn from this book. Don't get this book if you are new to technical analysis, which will NOT make you money either. It will just confuse you. I recommend Martin Pring to start out with.
reviewed by macfan on November 26, 2006 12:08 AM
I've checked out lots of books on Technical Analysis and I've found this far and away the best, both for its understandability and its breadth. It's not a simple read, because technical analysis isn't a simple subject. But if you dedicate yourself to understanding it (with more than one reading), it will pay you back every step of the way.
This is definitely the book to start with (and maybe end with too) if you're serious about learning the discipline of technical analysis, rather than just dabbling in it. It's like being taught by a friend who's "in the business."
This is definitely the book to start with (and maybe end with too) if you're serious about learning the discipline of technical analysis, rather than just dabbling in it. It's like being taught by a friend who's "in the business."
reviewed by formula on November 28, 2006 1:53 AM
This is an excellent book for investors wishing to understand the theory of technical analysis trading, while acquiring tools to translate the theories into one's own trading strategies. The author's explanations are clear, her practical examples thorough and easy to follow, and her disclosures regarding the built-in limitations of any mathematical approach necessary. Ms. Rockefeller's Resources appendix suggest follow-up websites and texts from which to build on her text. I've read more theoretical approaches to this subject, but prefer her balanced text, setting forth the theories, but moving on quickly to practical considerations. The author is very honest about her own limitations but always points readers to the correct resources to resolve lingering questions. I recommend this book to traders of all levels as a resource to which they will enjoy returning.
reviewed by geo on November 28, 2006 11:02 PM
I can't say I read this whole book, because, I started to read it and found from a markets perspective I couldn't agree with much of what it said. That probably applies to T/A in general, mind, not just this book. However, it does confirm that this book isn't really managing to sell T/A. There are too many qualifications about indicators and rules which if you take on, rather than ignore, make some of these systems no better than a crack-pot lottery system. Also, having dipped into various chapters there seem to be cases of things only being glossed over, such as candlesticks.
Much cases, of may, might, probable, etc. If you want to get rich quick, first learn how to do the DD and value analysis. Then use T/A if you must to provide some support to your entry and exits into investments, but do not invest on the basis of charts alone. You may win some, and then lose some, and win some, and lose some, and lose some, and over time, unless lucky, you'll probably lose some more than you win some. Of course, there are lucky people. Don't take these people as being statistically representative of whether T/A works or not!
Sorry; the book doesn't do it for me, though I'm quite positive there will be more succint books produced by sharper traders which will act as better guides.
Much cases, of may, might, probable, etc. If you want to get rich quick, first learn how to do the DD and value analysis. Then use T/A if you must to provide some support to your entry and exits into investments, but do not invest on the basis of charts alone. You may win some, and then lose some, and win some, and lose some, and lose some, and over time, unless lucky, you'll probably lose some more than you win some. Of course, there are lucky people. Don't take these people as being statistically representative of whether T/A works or not!
Sorry; the book doesn't do it for me, though I'm quite positive there will be more succint books produced by sharper traders which will act as better guides.
reviewed by jazzman on November 29, 2006 4:50 PM
For an introduction to technical analysis, read this book first. You won't need to read others. It is the most comprehensive, and easy to understand, book on technical analysis that I've read. Surprisingly, it isn't dry, either.
reviewed by bigchad on November 29, 2006 5:15 PM
