Best Technical Analysis Books
In today’s article I’m gonna share with you the best technical analysis books, and why each one is my favorite.
Best Technical Analysis Books – #1
“Technical Analysis of Stock Trends” (9th Edition): Edwards, Magee and Bassetti
This is one of the best technical analysis books you will find.
Written in the mid 20th century, technical analysis of stock trends remains the bible of technical analysis.
In the 9th edition, notes have been made to take into account the emergence of technology in the finance industry.
John Magee died on June 17th of 1987 – but is considered a pioneer in Technical Analysis. All of the concepts remain as relevant as the day they were released.
Topics covered in the book:
- Chart Reading
- Dow Theory in Practice, Defects & Application
- Reversal Patterns
- Support and Resistance Applied
- Trend lines and Channels
- Trading Tactics
- Selection of Stocks to Chart
- Capital Application in Practice
- Portfolio Risk Management
Why this is one of the best technical analysis books?
Magee manages to assemble a complete introduction to technical analysis.
You will learn how to apply all of this information for actionable investment ideas.
Everything you need to know is explained in-depth, very in depth.
Drawbacks?
It’s 768 pages long, and not a quick read. But did I mention it was very in-depth?
Best Technical Analysis Books – #2
“Technical Analysis Explained” (5th Edition): Martin Pring
This book has been around over 20 years, starting out at only 250 pages.
It has since hit the 5th version, updated and revised for today’s stock markets.
Now it is over 600 pages, and one of the best technical analysis books.
The structure of this book is very easy to follow, and concepts are explained to be grasped easily by the amateur technical analysis.
Having met Martin Pring in person, I can attest that he is one of the nicest and wisest technical analysts of the century.
Topics covered in this book:
- Trend Determining Techniques
- Financial Markets & Business Cycles
- Dow Theory
- Price Patterns
- One and Two Bar Patterns
- Trendlines
- Moving Averages
- Momentum Principles
- Indicators
- Market Structure and Cycles
- Sentiment Indicators
- Automated Trading Systems
Why this is one of the best technical analysis books?
Martin Pring does an amazing job of creating an easy to follow, simple, yet very powerful technical analysis book.
The book is structured to help you learn progressively, and includes principles you can try on live stocks as you read.
When you apply this material as you learn it, you will begin to see the entire stock market from a new perspective.
Best Technical Analysis Books – What if You Don’t Want to Read 600+ Pages?
But what if you want to learn this material in a more interactive method?
Our foundations trading course here shows you everything in these books and more, in an applied, real-time method.
There are 24 videos, each with a quiz and workbook lesson to help you stay on track with your knowledge.
You will be given specific examples and exercises to develop your technical analysis abilities.
At the end of the day, this is a blue collar business.
Information alone is useless, until you can apply it to the stock market and use it to earn a profit.
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The information contained in this post is solely for educational purposes, and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities.
