Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required (Day Trading)

Great book to understand the basics of technical analysis I recommend this book if you just started trading. Take it as knowledge.

Highly recommended. I enjoyed every page of this book. Very understandable & helpful for beginner traders.

The book is written in easy-to-understand language to go over technical analysis. It goes over what is technical analysis, the basic concept of trending, understanding patterns, and more.

Simple and practical read.A good start for true beginners, regardless if you call yourself a trader with no real foundation.

This book was right up my alley as I used to trade on the foreign exchange.Good, clear explanations of the different charts, and how they are constructed and used. You’ll learn the length of how long short, medium, long-term trends last … and most important: what Support and Resistance is!You’ll also learn what Channels are and how to use stops when price action goes the opposite way!Trendlines are great for helping you discern a true break out from a head fake.The author covers “selling short” which is a concept a lot of folks can’t get their heads around, like how can you make money when the price is going down?Indicators are great, just don’t over use them. That can lead to chart clutter and end up contradicting each other. I love Moving Averages and MACD.If you love geometry, you’ll love the section on Continuation Patterns! From Pennants and Wedges to Triangles and Flags. It’s in here!Once you start seeing these patterns, you’ll see them everywhere (even on my weight loss chart!!!)Let’s not forget how the candlesticks themselves can tell you a lot … the author shares this with you too.IMPORTANT: Discipline. Chris Lori has a book out dealing with this. Face the Trader Within. It was only years later that I understood what he meant. Know your personality. Figure out if you’re comfortable with losses - as we’re all comfy with winning, right? Right! The author goes into this human trading-psychology problem!You’ll learn a bit about brokerages too.Read and follow his “Top 10 Rules” for successful trading. Also, take SPECIAL note on how much (percentage-wise) of your account you should risk on a trade.And for quick reference, he’s included a Glossary.I highly, HIGHLY recommend this book. It WILL help you. Read it through, and then read it again. Then get a dummy account. Then start trading with real money.

This book has a wealth of knowledge on charting and technical analysis but needs to be restructured to make it more readable.For instance line charts and bar charts are explained in chapter 1, but candlesticks charts are explained in chapter 7, whereas the logical place would have been right after chapter 1. The author keeps on alluding to the candlestick charts before explaining them. Same with the technical indicators mentioned throughout the book without their explanation which is towards the end of the book in chapter 13.Besides these minor logical flaws, it is a great read and teaches much.

Last year I decided that I wanted to start investing in the stock market, but like most newbies, I had no idea what I was doing and I made all the classic mistakes. I actually learned a lot from this book that I think will be really helpful going forward. It's filled with graphics and examples to help explain the different concepts, such as identifying trends and how to read candlestick charts. This is great foundational knowledge for anyone who wants to know more about technical analysis for understanding stock charts.

This book shows us that, "Technical analysis is one of the quickest ways for an investor in stocks or futures to make money..." and the great part about the book is that zero trading experience is required. Beautifully illustrated, this book covers a variety of relevant subjects. It teaches step-by-step techniques, is filled with inspirational quotes, and is a great gift for the creative and business professional.