Binding: Paperback
Dewey Decimal Number: 332.63222
EAN: 9780471295426
ISBN: 0471295426
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 352
Publication Date: February 04, 1999
Publisher: Wiley
Sales Rank: 41798
Studio: Wiley

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Editorial Review:

Product 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 Schwager-perhaps the most recognized and respected name in the field-demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book's 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 Schwager's invaluable trading rules and market observations culled from years of real-world trading experience, Getting Started in Technical Analysis offers in-depth coverage of:
* Types of charts-bar, close-only, point-and-figure, candlestick.
* Chart patterns-one-day, continuation, top and bottom formations, the importance of failed signals.
* Trading systems-trend-following, counter-trend, pattern recognition.
* Charting and analysis software-price data issues, time frame/trading style considerations, software research.
* he planned trading approach-trading philosophy, choosing markets, risk control strategies, establishing a trading routine.




Rating: - Worthless politician talk, with "may" and "might" prefacing all statements
I bought this book thinking that technical analysis might actually have some basis in hard numbers. Unfortunately, that couldn't be farther from the truth. Even in the cherry picked examples for the book there are mixed trading signals on the charts, and Schwager qualifies all statements with a measured amount of uncertainty (you'll become familiar with words and phrases like "can be," "might," "often," "probably").

Like it's always said: "Past gains are no guarantee of future returns." ... Read More

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Rating: - Will -not- get you started in TA
Quite possibly one of the worst books I've read on TA in some time. As an active trader for the past 15 years who utilizes technical analysis, the entries and descriptions are almost encyclopedic in nature as opposed to explanatory & pragmatic.

Sure, the Author describes what an ascending bull flag is; but then promptly moves on and doesn't explain methods for trading it. This situation repeats itself time & time again; while the author shows retroactive trades based on various ... Read More

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Rating: - Great Book. A keeper.
I am still using the glossary to analyze current market situations even after reading the whole thing. I love schwager's books. The people who are disappointed with using TA are looking for the "holy grail system" of trading and are refusing to become better traders. I believe there is no such thing as a holy grail system, and if there is, its being used by institutions that you can't beat. You just need to learn everything. I would definitely recommend using the techniques in this book when checking ... Read More

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Rating: - Ease of Use
The book provides excellent technical analysis information for the selection and monitoring of equities and commodities. It is clear and separates the basics from the more detailed expansion of the analysis concept.

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Rating: - Excellent reading for a newcomer
As an experianced trader, I found this book very interesting and gave me a good overview of what technical analysis is. As the title suggests it is for beginners and gave me a good understanding with numerous examples to get the reader to understand the concept on his own. It would have been helpful to have the charts being discussed on the same page. Those expecting a detailed "recipie" on how to trade with technical analysis should not buy this book. As for technical analysis as a tool for trading ... Read More

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