Technical Analysis of the Financial Markets
- Downloads：1352
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-05-07 11:55:13
- Update Date：2025-09-06
- Status：finish
- Author：John J. Murphy
- ISBN：0735200661
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
John J。 Murphy has updated his landmark bestseller Technical Analysis of the Futures Markets， to include all of the financial markets。This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets。 Covering the latest developments in computer technology， technical tools， and indicators， the second edition features new material on candlestick charting， intermarket relationships， stocks and stock rotation， plus state-of-the-art examples and figures。 From how to read charts to understanding indicators and the crucial role technical analysis plays in investing， readers gain a thorough and accessible overview of the field of technical analysis， with a special emphasis on futures markets。 Revised and expanded for the demands of today's financial world， this book is essential reading for anyone interested in tracking and analyzing market behavior。
Reviews
Subhodeep Debnath
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Good for absolute beginners。
Christopher
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Simply the best book on TA。 Most recommended for absolute beginners and intermediary levels。
Andreas Schmidt
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Mi aspettavo qualcosa di più di un metodo estremamente soggettivo e un "buy low sell high" （grazie Capitan Ovvio）。 Ma grossomodo è un'infarinatura generale sul funzionamento dell'analisi di mercato （che comunque conviene lasciar fare al tecnico）。 Mi aspettavo qualcosa di più di un metodo estremamente soggettivo e un "buy low sell high" （grazie Capitan Ovvio）。 Ma grossomodo è un'infarinatura generale sul funzionamento dell'analisi di mercato （che comunque conviene lasciar fare al tecnico）。 。。。more
Ethan Lambert
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It's a good book to start with especially to understand Market analysis It's a good book to start with especially to understand Market analysis 。。。more
Monica Peck
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Excellent and very clear description of Technical Analysis。 One of the best I've read。 My only complaint is that the P&F charts were not very clear to see。 Excellent and very clear description of Technical Analysis。 One of the best I've read。 My only complaint is that the P&F charts were not very clear to see。 。。。more
Sean Nguyen
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I have a very strong belief in fundamental analysis and just want to have some exposure to the technical point of view。 Mostly want to know about the underline reasoning for all the abstract techniques that technical analysts used。 What is the psychology that leads to the support and resistance phenomenon。 The book somewhat answers my curiosity when going through simple topics but fails/not attempt to give any reasoning or historical implementation behind more abstracted （advance） methods like B I have a very strong belief in fundamental analysis and just want to have some exposure to the technical point of view。 Mostly want to know about the underline reasoning for all the abstract techniques that technical analysts used。 What is the psychology that leads to the support and resistance phenomenon。 The book somewhat answers my curiosity when going through simple topics but fails/not attempt to give any reasoning or historical implementation behind more abstracted （advance） methods like Bollinger Band， MACD， etc。 Moreover， all the parameters of how many days should be used for moving average or why the Standard Deviation of Bollinger Band is 2 is given as a "common" practice feels a bit arbitrary to me。 Which makes the whole thing feel like a subjective opinion of a group of people。 It was actually quite fast to read through the book since most of the topic doesn't require deep internalized thinking。Overall， this likely can be useful when you want to start learning and have some exposure to technical analysis techniques。 。。。more
Cesar Mansilla
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Bueno para introducir conceptos y también como material de consulta。 Tiene gráficos reales para ejemplificar distintos índices o técnicas。Me dio herramientas para empezar a analizar el mercado y practicar entendiendo un poco mejor lo que veo en pantalla o lo que comentan analistas。
Kaizer Makakole
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I still literally read this book on a regular basis， it tutors on the subject of technical analysis in a professional and beginner style。 It is essential practical to use and easy to learn from。 The language is also technical in its nature。 He John gives a simplified definition on the basic concepts of trend analysis。 The introductory part details the philosophy and rationale behind the concept of trend analysis。 And most importantly John introduces the basics of Japanese candlesticks and candle I still literally read this book on a regular basis， it tutors on the subject of technical analysis in a professional and beginner style。 It is essential practical to use and easy to learn from。 The language is also technical in its nature。 He John gives a simplified definition on the basic concepts of trend analysis。 The introductory part details the philosophy and rationale behind the concept of trend analysis。 And most importantly John introduces the basics of Japanese candlesticks and candle pattern analysis。 。。。more
Leo Huang
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Good intro book on technical analysis。
Tejas
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I began this book with a completely blank slate。 I had googled for 'books on technical analysis'。 The very first recommendation was that of John Murphy's this book on technical analysis。 I found the Audible version of the book。 I have presently finished chapter 5。 By now， I have finished with what the author calls as 'the building blocks of technical analysis'。 Lucid flow of the book does not fail to impress you。 The author gives historical context of how the technical analysis began and why it I began this book with a completely blank slate。 I had googled for 'books on technical analysis'。 The very first recommendation was that of John Murphy's this book on technical analysis。 I found the Audible version of the book。 I have presently finished chapter 5。 By now， I have finished with what the author calls as 'the building blocks of technical analysis'。 Lucid flow of the book does not fail to impress you。 The author gives historical context of how the technical analysis began and why it works。 Charles Dow's inventive thinking and the brief story behind Dow theory shared in the book makes leaves you with great awe and admiration。Can charts tell anything about industries and businesses in a nation？ The question can be equated to whether serial EKGs （over days， months or years） can say anything about an individual about his health and lifestyle。 The answer to both the questions is obvious。 It is an unequivocally resounding YES to the quantification and analysis of every piece of information that can be gathered about anything and everything。Dow theory makes you wonder about the future of humanity itself。 Charles Dow created the theory after studying the NYSE for a century。 Those were the days when the industrial revolution had started。 Industrious endeavors of inventive thinkers had started getting rewarded。 The sense of community had always prevailed amongst humans and that continued amongst the investors while trying to meet personal interests at the same time。 I don't think anybody wished for a large-scale doom for others although a sort of competitive leg-pulling must have been happening。 Quite a few must have lost money in the markets but most investors profited and the idea of equity markets sustained。 Charles Dow created Dow theory which reflected human industrious endeavors， a sense of community， and emotional proclivities at the same time through charts。 An industrious community is emotionally stable。 It reflects a maturity and a sense of brotherhood despite the rough roads it might pass through。 More the stable and mature mentality the community develops， more does it become emotionally predictable。 Emotional stability also creates a sound social environment and an excellent business environment。 Charles Dow made all these very humanly vicissitudes observable and quantifiable to a satisfactory level through charts。 As we progress with the fourth industrial revolution， after reading Dow theory， I can't help but feel that Dow theory is one robust parameter of telling whether our society is still remaining just as lively humanistic while progressing。 Thinking machines were not present in Charles Dow's times。 I feel that the fourth industrial revolution will only bring brighter times。 While progressing on that path， we should always go back to what Charles Dow postulated through his Dow theory， to check whether the definition of progress has remained same or whether we could be on a different trajectory altogether in the name of the fourth industrial revolution。Now， coming back to the book。。。Trendlines， gaps， supports， resistances and all the action that happens on the charts start telling you a story。 The author helps you unravel that story and you become an analyst one step at a time。 This is my impression of the book after reading first 5 chapters。 The author will not make to turn away from this subject。 Rather， he makes a point why it all makes sense。 You would want to stick around for dabbling in technical analysis once in a while whatever may your profession be。 。。。more
Batsuld Bazarragchaa
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- Must read for technical analysis foundation。- Bit outdated， but involves futures' technicals。 - Must read for technical analysis foundation。- Bit outdated， but involves futures' technicals。 。。。more
Dhruv Jain
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This review has been hidden because it contains spoilers。 To view it， click here。 Good
Feliciana
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A great book about technical analysis fundamentals for both beginners and those who want to refresh their knowledge。 A bit too general but still a great classic must-read book for those interested。
Daniel
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A good book for getting started in technical analysis。 Very comprehensive but not much deep。
Jyoti Sharma
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Excellent。 Can even compare to intelligent investor。。 except that it’s technical and mainly for trading。
Hafiz M
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Buku teks dalam technical analysis
Matin Tandel
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Bhosda tum log ka itne step krne k bad read krne nhi diye madrchod。
Dabhi Technical
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Hi my post read my link text Hi my post read my link text 。。。more
Annalisa
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Uno dei libri più belli ed emozionanti mai letti。 È elementare ma anche tecnico e professionale。 Ogni grafico， ogni spiegazione emoziona il lettore。 Non credo potrò mai leggere un libro più bello e più ben fatto di questo。
Matteo
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Il caposaldo da tenere in libreria se bazzicate nei mercati finanziari。 Di qualsiasi tipo
Timoteo
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Forse la migliore introduzione ai mercati in formato cartaceo: ottima guida， arricchita da strategie interessanti， grafici chiari e spiegazioni adatte a chi si sta appena avvicinando al settore finanziario。 Altamente consigliata a chiunque voglia non solo fare trading， ma anche investire con tempismo giusto。
Yeheyuan
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Usefulness of this book depends on your goals。 If you are looking for information that would help you formulate a profitable trading strategy， this book is not going to be helpful as it lacks detail。 However， if you would like to learn about basics of technical analysis， say to be able to understand what others are talking about， then it's a good book that will give you solid foundations。 For example， if you do not know what an oscillator or head and shoulders pattern is， then this book will hel Usefulness of this book depends on your goals。 If you are looking for information that would help you formulate a profitable trading strategy， this book is not going to be helpful as it lacks detail。 However， if you would like to learn about basics of technical analysis， say to be able to understand what others are talking about， then it's a good book that will give you solid foundations。 For example， if you do not know what an oscillator or head and shoulders pattern is， then this book will help you fill those gaps。I am giving it 3 starts， because it's rather general and vague， i。e。 it uses terms such as "often"， "most of the time"， "sometimes"， "rarely" which are not useful when you are preparing to actually trade。 It's still a good read if you are just beginning to learn about trading/investing， even if it's only to expand your vocabulary。 。。。more
Steven Siswandhi
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Excellent intro book， the kind of resource for explanations you can always come back to to remember things。 I used to be sceptical about the whole discipline， but turns out if you do it properly *a lot emphasis on properly， then it can produce statistically significant profit， which is another indictment against the efficient market hypothesis。 Still I probably wouldn't put my money relying on just this thing。 Day trading is only for the chronic gamble addicts。 Excellent intro book， the kind of resource for explanations you can always come back to to remember things。 I used to be sceptical about the whole discipline， but turns out if you do it properly *a lot emphasis on properly， then it can produce statistically significant profit， which is another indictment against the efficient market hypothesis。 Still I probably wouldn't put my money relying on just this thing。 Day trading is only for the chronic gamble addicts。 。。。more
B YP
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Good book to understand the basics， whether it works or not is for you to implement and check。
V Nash
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To trade in the market you can use fundamental analysis or technical analysis。 Everyone already understands fundamental analysis。 You buy bitcoin because you believe in its fundamentals; you believe that， in the future， many transactions will take place over the bitcoin network。 The problem is everyone understands fundamentals and any information you use in your fundamental analysis is known to every market participant already。 Therefore fundamental analysis isn't that useful for a trader。 What' To trade in the market you can use fundamental analysis or technical analysis。 Everyone already understands fundamental analysis。 You buy bitcoin because you believe in its fundamentals; you believe that， in the future， many transactions will take place over the bitcoin network。 The problem is everyone understands fundamentals and any information you use in your fundamental analysis is known to every market participant already。 Therefore fundamental analysis isn't that useful for a trader。 What's more useful is the strange craft called--quite generically--technical analysis。In technical analysis you don't need to know what bitcoin is （that's irrelevant）。 All you need is price action and volume of bitcoin in a trading market。 These two pieces of data are the beginning and end of all methods of technical analysis。 Murphy goes through all the major methods in this book， emphasizing classical charting styles of TA。 After reading this book you should be able to begin charting--that is applying technical analysis--right away。 It's a fun and weird craft， but don't expect to be using it to predict stock prices and making money right away。 The golden era of TA seemed to be in the 80s when a lot of the techniques described in this book had a lot of success。 The game has changed a lot。 Some methods are still valid in some situations in today's markets。 Unlike the name implies， technical is a craft （or even an art as Murphy says） that requires judgment， experience， and good sense。 There is no hard rule to when and how TA can be used in today's markets The book won't give you an edge， even though most people who invest in the market or trade casually aren't even aware of technical analysis。 （No book will give you an edge because if such information is published， it wouldn't be an edge anymore。） This book will make you less naive about how the market works。 It will make you wary of fundamentals， especially news events which， still today as in the 80s， are opportunities to manipulate and mislead。 The book will inspire you to be more technical about the markets。 Even if classical technical analysis is more of a craft or art， at bottom there is hard data the market provides （price action and volume）， and it should be this data that guides your trading， not the opinion of some guy or yourself。 Trading in 2020 is dominated by actual technical systems， super-quantum-AI algorithms and such things。 Should humans despair and not get into the same arena as these machines that use really technical technical analysis？ No。 A crafty human with knowledge of the methods in this book and other methods can still win。Clear writing， good examples。 Reads much smoothly。 It's not a textbook even though it may kind of look like one。 。。。more
Omid
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Best choice for starters。Learn basics of technical analysis by reading this book。
Adrian Pimenta
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This classical book covers all the elements necessary to make anyone get started in the technical perspective of financial markets。 John Murphy's work provides a clear guide of how analyse stocks and futures what makes it a mandatory reading for beginners seeking a professional orientation in the charting approach of this business。For those looking for your first book about the "Trading" world this one is the best pick together with no more than 2 or 3 more titles， but if you already is an analy This classical book covers all the elements necessary to make anyone get started in the technical perspective of financial markets。 John Murphy's work provides a clear guide of how analyse stocks and futures what makes it a mandatory reading for beginners seeking a professional orientation in the charting approach of this business。For those looking for your first book about the "Trading" world this one is the best pick together with no more than 2 or 3 more titles， but if you already is an analyst in this theme the book will be more useful as a reference book。 。。。more
Oliver Luis
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I read many books about day trading， but none laid the key foundations for learning about technical analysis together with some fundamentalist foundations that gave me the confidence to invest in Murphy's teachings。 I read many books about day trading， but none laid the key foundations for learning about technical analysis together with some fundamentalist foundations that gave me the confidence to invest in Murphy's teachings。 。。。more
Brandon Kioseff
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The wealth of substance this book provides is the predominant catalyst behind my 5 star designation。This book is long， but the intrigued analyst will appreciate its magnitude。
Jeff Bower
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