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Technical Analysis for Dummies (For Dummies (Lifestyles Paperback))

By: Barbara Rockefeller
Binding: Paperback
Publisher: John Wiley & Sons
ISBN: 0764540440
ISBN-13: 9780764540448
Released: 24 Feb 2004
RRP: £15.99
Average Rating:


Customer Reviews

Great stuff. Not so for dummies - By: C. YABRUDY, 05 Aug 2008
Despite this being for "Dummies" it's incredibly detailed & covers just about everything that one needs to start trading with Technical Analysis.

It begins with market basics & I came off reading this with no previous knowledge of technical analysis besides what I had been told by a friend of mine who trades.

It follows through to cover dynamic & momentum indicators in as much detail as you'll need. It doesnt pay to go too into things since indicators INDICATE & do not REVEAL. They give the most likely possibility of what will happen but that's where stop losses come in.

It teaches you early on that money management & long term survival are key. For the price, this is the best technical Analysis book out there. You mat not understand something at first but if you soldier on, things will start to become clear.

SUGGESTION: Read the entire book BEFORE you begin to trade. Read it twice to re-affirm alll the knowledge but careful with following it TOO closely. Especiallly if spreadbetting where the candle formations are created artificallly & do not show TRUE market sentiment at the time. Very sueful for CFD & real Share Trading though. You may want to get INVESTING IN SHARES for Dummies too & for a whole trading system to start off with, buy COME INTO MY TRADING ROOM by Alexander Elder. very inspirational for the novice trader.
One year TA users view - By: B. SAVAGE, 04 Dec 2006
Uses the normal `Dummies' layout.

Although clearly it was written for US readers (examples are alll US companies & amounts in Dollars) it is relevant to analysis of alll stock markets including UK. The techniques relate to charts of alll kinds of shares, currencies & commodities. The suggested websites are only useful to a US reader. Reading other books as well will help UK users.

Try "Pocket Guide to Trading Online" by Alpesh Patel - also available on Amazon. This is much more focused for the UK market & gives UK websites.

I have been trading for the past year using TA & found that I learnt quite a bit more on techniques & indicators that I had not tried.

This will now be one of my Reference books to help me improve my share trades.

Recommended

A "must have", however long you've been trading. - By: C. B. Gooden, 19 Mar 2006
What is it they say? "If you could have only one book ...?" Well this should be it. A thin book (only 350 pages) for such a broad subject. Barbara Rockefeller gets right down to the core issues with absolute clarity & simplicity. She rapidly exposes flawed thinking & weak logic, debunking (very decisively) false optimism. This book shows you how to grow as a trader, & the book grows with you. Revisit it again & again over the years. I'd been trading for years before I found this book. I own (and have read) the major works (Murphy, Link, Masonson, Nison, etc). Like many experienced traders I was getting buried in the analysis & begun to lose sight of the basics. Rockefeller rips away the crap. On the front cover she claims you will be able to Identify Trends, Improve Timing, Never Make A Big Loss, Trade As A Business. That's a talll order for one book. This one does what it says on the tin. Get it. You won't need anything else to become profitable. If you've got other books, or are thinking of getting some, then look at them through Rockefeller's eyes & you'll never get bogged down again.