Technical Analysis For Dummies by Barbara Rockefeller
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Book Reviews of Technical Analysis For Dummies
Book Review: Good to learn basic theory but lacks practicality
Summary: 3 Stars
This book offers a good theoretical introduction to the basics of technical analysis.The problem that is not addressed in this book is the probability of failure of even the strongest technical signals in real market trades.This is why it is critical that actual examples form real stock trades be included to stress to the reader that not all setups will be profitable and excercising money management and risk control are important.This is where this book fails.
If you are an absolute beginner and want to start with learnings the basics of technical analysis then this book is a reasonable good start for the price and for this reason my actual rating is 3.5 starts. However you will need to read other more practical books that reinforce the theory you learned by using combinations of technical indicators and demonstrating how they are applied in real trading.
Book Review: Good as a reference, but there are better books
Summary: 3 Stars
This book did a good job of introducing and explaining the different TA tools and techniques, and the dangers one should consider in using this stuff. Also the warnings on backtesting and optimizing are helpful. However, it is not that super. I use this book as a reference when I use technical analysis, and it's very useful for that, but that's all there is to it.
I think one would be better of with a book from Alexander Elder or Marcel Link for this job. These authors brought their explanation more vividly and more entertaining than this author. Also, the charts in this book aren't just that helpful to someone who is new to TA.
Book Review: Good as a reference
Summary: 3 Stars
This book is pretty good for a reference, it covers all the basic issues and ideas that one should know when dealing with technical analysis.
My disappointment is that it lacks the prctical section. OK, so I know the basics, I open the chart at any charts system, and now what??
It doesnt give any methods of analysis, it just gives the tools.
Bottom line, as I see it, after reading the book you can't just go and start working...
Book Review: There are better resources out there
Summary: 3 Stars
This book does introduce you the idea of technical analysis. But even for dummies, they can still go online and learn a lot more from sites like Investopedia, EliteTrader, and Mish's economic analysis. Some of the stuff that the author talks about is complete garbage since it is not feasible. Save yourself some money and please do not buy this book.Book Review: A mile wide and an inch deep material
Summary: 2 Stars
I have read more than a dozen books on forex, some good and some bad. I'm afraid this book is somewhere at the bottom. The author kept babbling about self-proclaimed experts in technical analysis all throughout the book it became pathetic. Discussions on most technical indicators was blurry, not the english, but the material simply was not good enough. Very flimsy in many cases and as a result gives you a feeling the author is far from being an authority on the subject. The only reason I gave a generous 2 stars is the discussion on momentum indicators where there was a little bit of substance. Example charts also were poorly selected. After reading the book I felt I really did not pick up anything new.