Technical Analysis For Dummies by Barbara Rockefeller
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Book Reviews of Technical Analysis For Dummies
Book Review: Great and easy to read
Summary: 5 Stars
My investment friend was surprise when I told him that this book help me a lot. I keep this book by me at all times if I need to go back and review something. You should have this in your library.Book Review: Very Good Book on Technical Analysis
Summary: 5 Stars
Skip the math,
skip the numbers,
pick this book for clear concept of technical analysis.
Book Review: Excellent Starter Book and Reference Guide
Summary: 4 Stars
This book has exactly what I expected and what I was looking for. Although I studied and work in Finance, I have never done any trading beyond the most basic fundamental analysis. I had heard of technical analysis but was completely scared off from learning it by the charts and graphs and technical terms that were really foreign to me. Through much research on my own, I decided that if I ever want to be truly successful in trading that I really needed to get a handle on Technical Analysis, so I bought several dummies books on trading, including this one. I have started to read all of them at once as much of the information overlaps and complements each other, but this is the one I seem to be going back to more and more, and it is the one I am furthest along.
For me, this book has been a source of immense knowledge. I chose this book because I wanted to scratch the surface before jumping in with both feet first. I am completely green and needed a blank canvas approach. I like the Dummies books because they are an easy read, but are written by experts on the subject. This book is no exception. I feel like I am getting a very well-rounded overall understanding of technical analysis without being overly whacked with technical jargon and complicated mathematics.
This has been great because I now have a big picture view of TA. From here, I can really narrow in on specific forms of analysis that I have learned about in this book. I have learned that most traders use 3-5 different analysis techniques out of the dozens or possibly hundreds that are available. This book has allowed me to uncover the 3 or 4 different forms that I am most interested in and would like to read about further. Of course that will require additional book purchases, however, that was the whole purpose of getting this book - was so I could figure out what works for me.
If you're looking to get a big picture overview of technical analysis, as well as get helpful hints and techniques that I see as invaluable insider input, then this is a great book for your collection. And because it is sprnkled with so much helpful information, I'm sure it will be a reference on my shelf that I will refer back to for years to come.
Book Review: Honest Description of TA
Summary: 4 Stars
I bought this book secure in the knowledge of what I didn't know, so the choice of a Dummies book was perfect. When I say that the book was honest, I mean that it made no extravagant claims as to what Technical Analysis (TA) could do for me as an investor. Instead, it consistently qualified any statements it made about the predictive nature of TA. If anything, the book erred on the side of caution; statements along the lines of "The trend is your friend--until it isn't." were common. Some might find this to be overly cautious; I found it reassuring. I didn't want a book on TA with the word "Rich" in the title.
I give the book four stars instead of five, because it could be a bit difficult in explaining more obscure points. Rarely, a paragraph which referred to a chart to make a point would be difficult to follow. This might have been avoided with better annotated illustrations. All in all, the book does a good job of defining the key concepts in each chapter. It is profusely illustrated, and doesn't run the risk of information overload.
Lastly, this is a book for beginners. It does give a good idea of the scope of all that is included in TA, but it isn't an exhaustive look at any specific topic. I often found myself wanting to read more on certain subjects. While this is perfect for an introductory book, those who already have a passing acquaintance with the subject matter might best look elsewhere, say Alexander Elder's Trading for a Living: Psychology, Trading Tactics, Money Management.
Book Review: If You Don't Use It, You Will Lose It!
Summary: 4 Stars
This book was extremely helpful in giving the fundamentals and the rationale of technical analysis. Although, it may lack in depth to the more savvy of investors, it is enlightening enough for beginners and curious readers looking to understand what chartists do. A warning, however, it is highly recommended that you have the means and tools to monitor historical price movements. A Bloomberg terminal isn't exactly affordable for an individual, but if you do have a way to track security price movements, outside of an office setting, then go ahead and read it. Actually, even if you don't have the means to monitor security price movements, the book will orient you on the basics of TA. If you don't use it, just like any concept taught in school, you're bound to forget it!