Getting Started in Technical Analysis
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Description
Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwagerperhaps the most recognized and respected name in the fielddemystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The books numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwagers invaluable trading rules and market observations culled from years of realworld trading experience, Getting Started in Technical Analysis offers indepth coverage of:* Types of chartsbar, closeonly, pointandfigure, candlestick.* Chart patternsoneday, continuation, top and bottom formations, the importance of failed signals.* Trading systemstrendfollowing, countertrend, pattern recognition.* Charting and analysis softwareprice data issues, time frame/trading style considerations, software research.* he planned trading approachtrading philosophy, choosing markets, risk control strategies, establishing a trading routine.
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