Hello, could anyone recommend some books to introduce me in techniques or methods of graphical analysis? I know how to do the basics, such as identifying simple levels of support and endurance, and detecting simple daily trends, but I still depend a lot on the graphics and data of others to support my operations. Any help is appreciated Greetings!
Hello, although graphical analysis and technical/fundamental analysis seem to be the heart of trading, I would recommend you start with a key book: Trading in the Mark Douglas Zone. From there, get into the technical (mathematics)
John Murphy's Charting Made Easy is also a good option if you don't want to go so deep from the beginning. It's more digestible and straightforward.
Honestly, stop the books and practice on real graphics. The market doesn’t wait for you while you read theory.
Thanks for the answers. I’ll start with Murphy’s and then mess with Douglas. Has anyone read anything more practical, with visual examples?
Japanese Candlestick Charter Techniques by Steve Nison. If you can’t read candles, you’re in total darkness.
A little jewel that not many mention: Technical Analysis Expanded by Martin Pring. Quite complete and clear.
Street Smarts by Linda Raschke. Less theory, more action. Concrete and applicable methods.
The good thing is that I have a vacation soon, so I'll get in full and read several.
Don't fall into the trap of reading 20 books and operating 0 times. Learn the basics, do backtesting and start trading in demo now.
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