Trading Techniques   

TA/FA Books

hehe... Singaporegal agrees with me... I like it...  :)

 

Agree with iPunter... a course is good if you have done some pre-reading. Then you can fully utilise the knowledge of the trainer by asking them questions on things you don't understand.

 

I suppose that amount spent on the course is not a waste if one considers it's value, especially when one starts making money by applying the knowledge in the market.



But there's nothing quite able to beat live 'adventures' in the market itself. The market is the best teacher which no human can provide. It can force upon one the folly of treating it like a good friend with after knowing one facet of it.



Treating the market without due respect is much like people who hold a crocodile close to their body and treat it as a domestic pet. That is the ultimate folly. Germaine Greer has a valid point about that too.

 

.. for me pref to read up some TA bks with fundamental knowledge, then will sign up a course so that can co-relate understandings / clear doubts with the lecturer .... knew 1 of my reservist pal attended a TA course package with metastock trading tool, cost him S$30k ;-O ....

 

A course last only for a short period. It has limited value except to drum into you the essential pre-requisites and principles to achieving eventual success.



Take for example the "Millionaire-Making" courses.

Does anyone frankly believe that one can become a millionaire easily by just attending the courses or workshops? I personally doubt so. Coz ultimately, it is up to the individuals to spend time, effort and ardour to build up the final reality.



One can also get all the inspiration and instruction one needs from books.



But for TA, before one attend any 'practical' course, it is adviseable to gen up on the subject with a good book first before signing up, so as to extract maximum benefit from the courses. Otherwise, there will be too many missing links in one's understanding to benefit much from attending.

 

To experienced people here... should one read a book or go for a course? Which more more effective?

 

Wow guys! You are a big help. Great site to learn stuff. Am going to look into all your recommendations and see what i can learn from it all.

Thanks a million.

 

tanyagary....   picky picky picky

 

Yes, I also agree with Cashier...



If you are quite new to TA, it is better not to buy so many books about TA, otherwise you will be too confused.



Just a basic one will do... like this one:-



Technical Analysis Explained    by Martin J. Pring



Once you have mastered or gotten used to this book, you will then be ready for the more 'solid' ones which the more advanced traders will find useful for continuation education and self-improvement.

 

ooh ... I used the term "guys" too general ... sorry about that.  I was referring to everyone in general ... not just the guys, but the gals also :).

Hey, thanks for sharring.  Really appreciate it.

Cheers.

 

Awesome member- hope this helps. I printed some thing on candlestick  charts from StockCharts.com and keep it as a reference There is some more info on T/A on this website I hope this helps as I am a novice but T/A has helped me but sometimes too much of it tends to get me all confused so you have to take what suits you and stick to it. This is from the Gals not guys!!!

 

dun need to read so many ta books lah. just 1 basic TA and 1 adv TA will do. just stick to it like leech will allow u to earn $. too many books make u confused and hinder ur decision making..

 

Take a look at this one :

Japanese Candlestick Charting

by Steve Nison



:)



.

 

Hi guys,

Don't mean to hijack this thread or side-track it.  I am interested in candle stick charts and have a problem trying to find books about it.

If any of you guys have any idea of where to find such books or have the title of such books, can share ...

Thanks in advance.

Best regards.

 

I find this one useful and informative:

The Streetsmart Guide to Timing the Stock Market
Colin Alexander
McGraw-Hill
ISBN 0-07-146105-1

 

Thank you ipunter and singaporegal ! Must make an attempt to start reading....

Sometimes a bit hard pressed for time leh... Got to work in the day and in the evening, visit ShareJunction which I enjoy very much ( and a must visit site)....hehehe..

 

Ricktan...

What Gal said is true.

Larry William's book  does not go into explaining in detail the basics of TA. Besides, it also a rather thin hardcover book as compared with the other 3 books I mentioned earlier (all are hardcover). And it's also rather pricey too. I suppose price is not an issue if you are going to treat stock trading as a serious venture.

From what I can make out, I would recommend you buy Martin Pring's book for a start. Then when you are more comfortable with the concepts in general, you can, just like Gal, acquire Larry William's book too... :)

 

Hi rickytan,

I would say Larry Williams book is pitched at intermediate level. You will probably need to know some fundamental basic TA first... ie... what is a Moving Average chart or a bar chart.

 

Rickytan...



I think Gal is a U-grad, but I only have Pri 6... hehe...



Since you have secondary level literacy, it should not be a problem understanding any book.



For complete beginners to TA, I would recommend :-



Technical Analysis Explained    by Martin J. Pring



Those who already have Pring's book or want something with more 'kick' may wish to take a look at these 2 books :-



Technical Analysis of The Financial Markets

by John Murphy 



 and



Technical Analysis of Stock Trends

by Robert D. Edwards, John Magee, and W.H.C. Bassetti

(3 professional authors)

 

Hi singaporegal and ipunter,  I have not ready any TA book. The Larry William book that you recommended is it simple to read and understand ?  Does he use alot of technical terms and chim terminlogy ? Is it tough for layman or people with only seconday school education level to understand ?  Thanking you in advance.