Charting and Technical Analysis
Updated: Apr 18, 2019
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Charting and Technical Analysis is a "must have for every investor and trader". No matter which market(s) you are trading, it is crucial to gain a full understanding of "price and market movements, which can only be learned from technical analysis.
Fred McAllen's book will take you through price movements and technical analysis, and how to apply that analysis for profitable results.
Although focused on stocks, the methods can be easily applied to Forex Trading Strategies, and are very successful in creating positive Fx Trading results!
With a 4.6 star rating from 235 customer reviews, people agree that Charting and Technical Anaysis provides some great detail without being overly complex, which makes it easily accessible for beginners. It also goes into greater detail to satisfy more advanced traders who are looking for a deeper understanding of charting analysis. To take your Forex Trading Strategy to the next level, you can also use this book in conjunction with other investing books, in order to accurately identify your entry and exit points, greatly improving your Fx Trading returns!
Aside from being a great building block for your Fx Trading strategies, we would recommend this book based on the fact that there is no hard selling to guide you to a subscription service. Fred McAllen is honestly trying to support trader's success by providing the critical to know basics of technical analysis.
On a critical note, some images are not of a high quality and it can be hard to see the details of the candlesticks themselves, the figures and some of the headings. The book is also in black and white (although we believe the kindle edition is in colour) which can make reading candlestick patterns harder.
However, the content more than makes up for this and, by reading Charting and Technical Analysis, you will gain a huge insight into how currency pairs move and how chart analysis can aid you in predicting those moves. This factor alone will inevitably tip the advantage in your favour which begs the question; if you want to be successful in Fx Trading, can you afford not to buy this book!?