If you are new in financial markets or you are looking for a reliable and comprehensive source to learn technical analysis you may have hear about the book "Technical Analysis of the Financial Markets". This is a widely regarded book on technical analysis written by John J. Murphy. This book is considered a comprehensive guide for traders, analysts, and investors who want to understand and apply technical analysis in trading financial instruments like stocks, futures, options, and cryptocurrencies. In this article we are going to give you an overview of this book and with the PDF download link.
If you want to download the PDF version of this book you can click on the link below and get the Technical analysis of the financial markets PDF on your phone or computer.
Let us take a look at the book’s key details:
Title |
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications |
Author |
John J. Murphy |
Published |
1986 |
Pages |
Over 500 pages |
Audience |
Traders, investors, financial professionals, and students of financial markets |
PDF version |
Available |
First you will read about the Basics of Technical Analysis including:
You can learn how to read and interpret different types of charts (line, bar, candlestick) and know about common chart patterns like head and shoulders, double tops/bottoms, flags, and triangles. For example, you can use all these tutorials to analyze turkey currency chart patterns if you are Turkish Lira trader.
Indicators and Oscillators are basic tools in technical analysis. So, the “Technical analysis of the financial markets” covers popular technical indicators like Moving Averages, MACD, RSI, and Bollinger Bands and of course how to use oscillators to determine overbought/oversold conditions.
Other subjects covered are:
🔴Trend Analysis:
Identifying and trading with trends.
Tools like trendlines, channels, and moving averages.
🔴Volume and Open Interest:
Understanding the importance of volume and open interest in confirming price trends.
🔴Fibonacci and Elliott Wave Theory:
Introduction to advanced tools like Fibonacci retracements and Elliott Wave Theory.
🔴Intermarket Analysis:
Examining the relationships between different asset classes (stocks, bonds, commodities, and currencies).
How one market can influence another.
🔴Trading Systems and Risk Management:
Developing a trading plan.
Managing risk and capital allocation effectively.
🔴Psychological Aspects:
Understanding market psychology and how it influences prices.
The book is really comprehensive. It Covers a wide range of topics, making it suitable for beginners and seasoned professionals. It also includes numerous charts, examples, and case studies to help readers grasp concepts and offers actionable strategies and techniques for real-world trading.
So, anyone interested in learning or improving their knowledge of technical analysis and traders seeking to develop strategies based on chart patterns and indicators should read it.
If you are serious about learning technical analysis, this book is often recommended as a foundational resource.
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Thanks you! very nice book for the basics of trading