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Books : Technical Analysis for Dummies

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Rating: 3 out of 5 stars - Good as a reference
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...



Rating: 1 out of 5 stars - NOT CLEARER THAN BEFORE STUFF
God help the "dummies" who like to learn from this book. Don't get this book if you are new to technical analysis, which will NOT make you money either. It will just confuse you. I recommend Martin Pring to start out with.



Rating: 5 out of 5 stars - THE BEST
I've checked out lots of books on Technical Analysis and I've found this far and away the best, both for its understandability and its breadth. It's not a simple read, because technical analysis isn't a simple subject. But if you dedicate yourself to understanding it (with more than one reading), it will pay you back every step of the way.

This is definitely the book to start with (and maybe end with too) if you're serious about learning the discipline of technical analysis, rather than just dabbling in it. It's like being taught by a friend who's "in the business."





Rating: 5 out of 5 stars - A bridge from the theoretical to the practical
This is an excellent book for investors wishing to understand the theory of technical analysis trading, while acquiring tools to translate the theories into one's own trading strategies. The author's explanations are clear, her practical examples thorough and easy to follow, and her disclosures regarding the built-in limitations of any mathematical approach necessary. Ms. Rockefeller's Resources appendix suggest follow-up websites and texts from which to build on her text. I've read more theoretical approaches to this subject, but prefer her balanced text, setting forth the theories, but moving on quickly to practical considerations. The author is very honest about her own limitations but always points readers to the correct resources to resolve lingering questions. I recommend this book to traders of all levels as a resource to which they will enjoy returning.



Rating: 1 out of 5 stars - Plain English
I can't say I read this whole book, because, I started to read it and found from a markets perspective I couldn't agree with much of what it said. That probably applies to T/A in general, mind, not just this book. However, it does confirm that this book isn't really managing to sell T/A. There are too many qualifications about indicators and rules which if you take on, rather than ignore, make some of these systems no better than a crack-pot lottery system. Also, having dipped into various chapters there seem to be cases of things only being glossed over, such as candlesticks.

Much cases, of may, might, probable, etc. If you want to get rich quick, first learn how to do the DD and value analysis. Then use T/A if you must to provide some support to your entry and exits into investments, but do not invest on the basis of charts alone. You may win some, and then lose some, and win some, and lose some, and lose some, and over time, unless lucky, you'll probably lose some more than you win some. Of course, there are lucky people. Don't take these people as being statistically representative of whether T/A works or not!

Sorry; the book doesn't do it for me, though I'm quite positive there will be more succint books produced by sharper traders which will act as better guides.


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