Charting and Technical Analysis by Fred McAllen is a comprehensive guide that explains the basics of technical analysis, its uses, and the different types of charts used in technical analysis. Technical analysis is the study of past price movements to forecast future price movements in financial markets.
The book is designed for traders and investors who want to learn how to analyze the markets using charts and technical indicators. It is written in an easy-to-understand language, making it accessible to traders and investors of all levels of expertise.
The book covers the different types of charts used in technical analysis, such as line charts, bar charts, and candlestick charts, and the different types of technical indicators, such as moving averages, relative strength index (RSI), and Fibonacci retracements. The author also explains how to use these tools to identify trends, support and resistance levels, and to create trading strategies.
The book is organized into chapters, each focusing on a different aspect of technical analysis. The author provides numerous examples and charts to illustrate his points, making it easy for readers to understand and apply the concepts.
The book also covers the importance of risk management in trading and investing. The author emphasizes the need to manage risk by using stop-loss orders and position sizing. He also discusses the importance of having a trading plan and sticking to it.
The author also discusses the different types of markets, such as bullish and bearish markets, and the different trading styles, such as swing trading and day trading. He explains the advantages and disadvantages of each style and provides tips for traders who want to use these styles.
The book is filled with practical advice on how to use technical analysis to make profitable trades. The author emphasizes the importance of keeping a trading journal to track one's progress and to learn from past mistakes. He also provides tips for developing a trading mindset and dealing with the emotions of trading.
The book is suitable for both beginner and advanced traders who want to learn technical analysis or improve their trading skills. The author provides a wealth of information that can be applied to any trading style or market.
In conclusion, "Charting and Technical Analysis" is an excellent resource for traders and investors who want to learn how to analyze the markets using technical analysis. The book is well-written, easy-to-understand, and packed with practical advice and examples. It is a must-read for anyone who wants to become a successful trader or investor.
✔ Author(s): Fred Mcallen
✔ Title: Charting and Technical Analysis
✔ Rating : 4.4 out of 5 base on (3428 reviews)
✔ ISBN-10: 1456468693
✔ Language: English
✔ Format ebook: PDF, EPUB, Kindle, Audio, HTML and MOBI
✔ Device compatibles: Android, iOS, PC and Amazon Kindle
Readers' opinions about Charting and Technical Analysis by Fred Mcallen
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