Recommended Technical Analysis Books

Hello

Does this book really helps in taking decisions for buy or sell for any stock or again its just a informative or teaching book which remains in books only & when you does it practical it goes for a toss.

 

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications : John J. Murphy

 

Dear Shabbir
When is your update ecook is coming.
I remember you mentioning last year of releasing the new version in 2013 .
Hope i haven't missed it.

Regards
Veren

 

Five Waves to Financial Freedom By Ramki N Ramakrishnan,

 

Martin j. Pring Momentum Explained
Martin j. Pring technical analysis explained
Martin j. Pring technician`guide to day & swing trading
these books also good

 

Five Waves to Financial Freedom By Ramki N Ramakrishnan, this book also good to learn elliot wave.

 

Trading for a living - by Dr. Alexander Elder ..an excellent book that goes a little beyond technical analysis to give insights in to pyschology of charts, expensive but worth every penny

 

I have gone through all post and came to know that yes we Indians actually giving attention to education material of " Stock Market " and I am happy to see the changes cause what I heard that 90% of retail investors/traders got huge loss and even getting from " Stock Market " even I used to stand in those 90% group around 8-9 years back but now from almost last 4-5 years I am in 10% group and I will give all credit to education of " Stock Market " for that and happy to say by this post I can say at least some of us started getting education on " Stock Market ".

I personally read so many books and learn so much but one think what I realize is that all books contains almost the same thing like a Technical Analysis book contains chart patterns almost the same, Fractal Analysis book contains Elliot wave, Fibbonici, Pivots, etc., almost the same, Sentiment Analysis book contains psychology and sentiments of traders, etc,. I got only few which are worst to buy because of so much garbage inside but what I realize there is big difference in theory and practical cause met only few who is earning because they learn from book.
I personally learn from books and found difficulty applying those in practical cause none of them containing anything about how to handle loss and what we should do when in loss, of course all described at the time you got your stop hit you should take exit but what next, I am sorry but didn't find that. Yes when I met some of Technical experts I got my query resolved from few.
So I personally took that stuff and started writing a book "Learn Technical Analysis And Stock Market Behaviour “.

What I can say here is books can teach you well but to earn and apply on real time you have to be strict with yourself only because I know how my friends have lost even they have learned from book.

I lost because I know nothing about Stock market that time but what about those who know it well, learned well but not able to earn.

Surprised but it is true........

and the reason is they don't follow the stops, they don't know how to handle the loss, they don't know what they should do when got few stops continuously and the result they started booking profit with less bucks but follow their loss very long and even averaging the loss.

I didn't find anything regarding averaging, so personally made a strategy that where should I average and at what stage I should avoid it and what level I should not average and where I have to take exit from the script and found only 2-3 stocks where I have taken exit and found only one where exited at loss but found so many with huge profit and even described my strategies where it required.

I hope it will be helpful for all but if someone don't agree on this than I apologizes for that.
Happy Trading,
Keep Smiling Always,
Jai Mata Di.

 

Hi Sanjay,
how to download 'Learn Technical Analysis And Stock Market Behaviour' book?
or can you share that book in this forum?(if possible)

Thanks,
Ram

 

I have some ebooks if interested please email me at madhusudhanps@gmail.com I will share my dropbox links

 

Hi!
Thanks for taking interest in my book but still I am writing and not completed as yet but posted few pages that you can go through.

A book which may change your trading style, and will take you out of your losses
"Learn technical analysis and earn by yourself".
On request of some users I am posting few pages of my book
"Learn technical analysis and earn by yourself".

Direct link of book with pictures is below.....


https://docs.google.com/file/d/0B2WDI8gJDAYdYTFSZUZXa01WRVE/edit

Please put your comments here regarding the book no matter bad or good

 

pl send some useful links my email id is kajaria@mtnl.net.in

 

Thanks for suggesting the books.

To answer to Sanjay's comments what most miss is discipline, trade plan, strategy, position size based on proper risk reward ratio and above all to overcome emotions. I've come across many who don't have a trade plan and they don't do any journal of thier trades and that is where they lack discipline in the process of continuous learning as this is a journey and we need to improve our skills over a period of time.
If all these are in place it will be very easy to apply technical analysis for investing/trading.

 

yes, really doing good work keep continue...................

 

Respected Sir,
The book is very costly for me (4761), if anyone has purchased and can share just softcopy or Zerox(preferable) I am ready to pay the dues. Need in under 1000)
Zohar