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Technical analysis - How does one learn how to do this?
Posted on 8/21/15 at 4:05 pm
Posted on 8/21/15 at 4:05 pm
I'd like to read charts like a technical analyst. Are there books that teach you how to do this? Any websites? I'd appreciate it if someone can point me in the right direction.
5
Posted on 8/21/15 at 4:06 pm to Street Hawk
I believe the definitive text on this is Security Analysis by Benjamin Graham. What makes you interested in this?
Posted on 8/21/15 at 4:18 pm to Street Hawk
Posted on 8/21/15 at 8:42 pm to Korkstand
Dorsey wright the web site is pure technical analysis
Posted on 8/21/15 at 8:45 pm to Korkstand
Do yourself a favor. Learn about the company and the industry they are in instead of trying to predict stocks with bullshite "technical analysis".
Posted on 8/21/15 at 9:02 pm to Street Hawk
quote:
I'd like to read charts like a technical analyst. Are there books that teach you how to do this?
Oh, there are many. Keep in mind though that every hedge fund in the world spends vastly more time and money on getting an edge than you possibly can.
quote:
I'd appreciate it if someone can point me in the right direction.
Stuff like this is purely for entertainment value. If you find it entertaining then by all means enjoy yourself, just don't expect to beat the averages over the long run.
Posted on 8/21/15 at 10:21 pm to Street Hawk
The best book to learn technical analysis is "Winning the Loser's Game" by Charles Ellis
Read it in college. Very good read. Changed not only how I think about investing but also how I play sports like tennis or racquetball.
Read it in college. Very good read. Changed not only how I think about investing but also how I play sports like tennis or racquetball.
Posted on 8/23/15 at 11:57 pm to Street Hawk
Are you looking to trade or invest, or both?
John Murphy's "Technical Analysis of the Financial Markets" is good. So is Martin Pring's "Technical Analysis Explained".
And not trying to be funny, but if you're just dipping your toe in to see what's what, "Technical Analysis For Dummies" might be useful.
My advice would be, don't get into day trading, unless you have more money than sense. But if you are a disciplined person, once you get the basics of technical analysis under your belt, you may find that channel trading/rolling stocks *might* work for you. Paper trade first. But if you have the patience to develop and follow proven/back-tested models, that fit your trading style and frequency (and psychological profile), that can be a very profitable trading strategy short to medium term.
John Murphy's "Technical Analysis of the Financial Markets" is good. So is Martin Pring's "Technical Analysis Explained".
And not trying to be funny, but if you're just dipping your toe in to see what's what, "Technical Analysis For Dummies" might be useful.
My advice would be, don't get into day trading, unless you have more money than sense. But if you are a disciplined person, once you get the basics of technical analysis under your belt, you may find that channel trading/rolling stocks *might* work for you. Paper trade first. But if you have the patience to develop and follow proven/back-tested models, that fit your trading style and frequency (and psychological profile), that can be a very profitable trading strategy short to medium term.
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