Rating:  Summary: The TA BIBLE FOLKS - Long but very in-depth Review: John Murphy was the technical analysis commentator on CNBC for the longest time and was on TV almost daily for several years. He now runs his own company, murphymorris.com. Before you think about buying this I ask you "Why are you thinking about buying this book?"If you are seeking a good introduction to technical analysis then try his cheaper and easier to read book entitled The Visual Investor. If you read that book and want to learn more about the subject then read on! This behemoth of a book (over 540 pages total!) is easy to read and learn but is definitely more suited and designed for those seeking intermediate to advanced knowledge on technical analysis. Don't get me wrong; you can start here but the odds of you finishing, if you are a beginner, are slim. Murphy starts with the basics, then goes into more advanced principles and then explains linkage (how certain sectors outperform when others under perform.) He talks about commodities and equities throughout the book and it is a very good evaluation of market trends. There are tons of graphs to help the reader along. This book definitely covers all the basic aspects of TA: philosophy, chart construction, fundamental vs. technical analysis, trends, major technical pattern recognition, moving averages, oscillators, times cycles, computer trading systems and much more. He also covers different methods of charting, including bar, point and figure and candlestick (be aware that most of the analysis techniques he presents apply to bar charting, not PnF or candlestick). I personally believe that technical analysis should be incorporated into just about any decision-making process when investing for any fund, stock and/or options. While fundamental analysis should be where most efforts start applied technical analysis can help people in picking entry and exit points to "avoid fighting the tape" which is a real problem for investors in the market. If you are a trader you are missing so many opportunities by not learning TA. This is the book to learn TA with! Get this book and the accompanying study guide.
Rating:  Summary: a keeper Review: murhphy tells it all on classical charting techiques
Rating:  Summary: Outstanding TA Book - "Strong Buy" Recommendation Review: Murphy's book is both useful and interesting to read as well(which is great for a TA book). His insights into TA and tradingskills make it a fundamental "core read" for anyone wanting to understand and apply technical analysis correctly to make effective trade decisions. I found the book to be well-thought out and a comprehensive reference - this is the best TA book I've seen so far, of the many I've read. We recommend this book highly for all our traders as a 'required read'. Learning how to trade stocks is difficult - this book is an important cornerstone of a successful traders' education. I feel comfortable recommending this book for all traders, experienced and novice alike. It's a keeper, like someone else said. Try it. END
Rating:  Summary: The most comprehensive overview of technical analysis Review: Murphy's book is the best comprehensive overview of its kind. It is the first book I open when writing or preparing a presentation on the subject.
Rating:  Summary: The Reference for Every Serious Trader Review: Murphy's tome on technical analysis is rqeuired reading for any practioner in the financial markets. As a professional trader, I constantly refer to the book for soldifying core technical and trading tactics. A true gem of a work.
Rating:  Summary: Motivation Review: So you want to buy this book - it means you want to begin trading securities (I use the term securities to cover equities through commodities)and have heard that Technical Analysis combined with an understanding of Fundamental Analysis (security valuation techniques)and a working knowledge of the array of products availabe to trade the market will greatly increase your chances of success. Well you are right! This book gives a cogent (perhaps somewhat simplistic) introduction to both the Theoretical underpinnings of Technical analysis ie. Dow Theory while offering clear and simple experiential gudiance using 'real world charts' and 'real world tools'. From traditional Technical analysis techniques such as price projection using a double top formation to the application of elliot wave theory and fibonnacci ratios or building a black box Murphy seems to cover all the bases. While it is by no means the last book you will ever buy and is hardly flashy or cutting edge it is a clear, well written and eminently sensible book to have on your shelf. good trading
Rating:  Summary: Great beginner's guide, not for the experienced trader Review: Starting of with the positives, this is a great easy read for those with no prior experience in technical analysis. Explanations and examples are simple and straight forward. The basic tools are heavily emphasized here. Book is deceptively long because the text type is quite large. Some diagrams are not easy to read. This book, unfortunately, is not for the intermediate trader. There is too much emphasis on simple trends and outof date wave analysis. More current topics (such as oscillators and divergence analysis) are only briefly touched on. This is not a reference type book but more of an introduction to technical analysis...still a good read.
Rating:  Summary: Here is a kicker and the TRUTH: Review: Technical Analysis does not exist! Head-n-Shoulders, Candlesticks, etc... are BS! TA is a lucky hit or miss chance that people take. Authors of these books make their money by writing them and having fools buy them in the hopes of becoming successful traders. Will not happen! Save your money and buy index funds for the long haul and you will make more money than you would from reading these junk books and praying every time you place a stock trade.
Rating:  Summary: For begginers Review: Technical Analysis of the Financial Markets by John J. Murphy is a comprehensive, easy-to-read classic.
Rating:  Summary: nice reference book ... nothing more Review: The language used in this book A-ok. Also, Murphy knows how to teach you something instead of just telling you some vague rules now and then.
I'm starting to feel far more confident using my trading system after reading this book. If all the information out there (of which 98% is crap) discourages you, you need to buy this book along with some Tharp-books and a book that covers the more practical side of stock selling. Some simple things, if I remember well, are not really explained , such as the short selling principle.
One small thing, luckily as a business economist I know most market principles and easily recognise them, while murphy assumes a bit everyone is educated in economic laws.
You might prefer another intro-book along with it.
A detail, it's font is quite big en that's something I like, it gives me the idea I'm not reading one of those old small font yellow papered books that ruin your eyes, you know?
In short: worth the money.
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