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Introducing The Top 10 Books For Learning Technical Analysis

In financial market transactions, technical analysis A method for examining price movements in a chart to predict the probability of a future trend.

Technical Analysis use charts and patterns of price and trading volume data to key levels. Support and resistance In a way that creates the least barrier for buyers and sellers. 

Many behaviors of market participants can be justified by quantitative analysis and behavioral economics, which have much in common with it

There are two important schools of thought in technical analysis; Predictive technical analysis that tries to find the future direction of the market through the current patterns of the chart, and technical analysis of the reaction that uses the verification of strategies, management of transactions according to the ratio of profit to loss, the principles of following TrendsAnd examines buy and sell signals. Of these two types of technical analysis, one predicts future probabilities and the other responds to what is happening.

In the vast world of technical financial market analysis, there are always tips for every trader with any degree of knowledge and experience about these markets. Continue using Content Published on Newtridio website, here is a list of the top ten technical analysis books for traders looking to learn more about it. These books can help you to learn more about the concepts, principles andIndicators Get the main analysis and trading based on price movements.

1. Technical analysis of financial markets; By John Murphy

Book Technical Analysis of Financial Markets: a comprehensive guide to methods of trading, and uses recently by John Murphy (John Murphy) Edit and update is the first financial institution in New York (New York Institute of Finance) was published and became one of the bestselling Educational resources in the field of technical analysis in financial markets. Today, thousands of traders refer to this outstanding work to learn the concepts of technical analysis and its applications in the stock and futures markets. This book examines new computer technology, technical analysis tools, and indicators. Also, new content on candlestick charts, intra-market relations, stocks and trading order, along with the latest examples and statistics, has been added to the new edition of the book.

By reading this reference book, you will learn a lot about how to read ChartsYou will learn to understand the indicators and the key role of technical analysis in investing, especially in futures markets. Including book titles, Philosophy of Technical Analysis, Dow Theory, Chart Structure,PatternImportant Returns, Continuing Patterns, Trading Volume, Long Term Charts, Oscillators, Point and Shape Charts, Candle Charts, Theory Elliott Waves, Time cycles and financial management in the capital market.

Various translators and publishers have translated and published this book in Iran under the title “Technical Analysis in the Capital Market”.

۲. Candle Charts Course; By Steve Neeson

Wax charts were used to analyze rice prices in Japan more than 200 years ago. Steve Nison introduced the technique to the Western trading world. Pile charts are currently one of the most popular charts among traders and new market investors. The book Candle Charts by Steve Neeson is one of the most complete references on the practical applications of candle charts. In this book, Neeson explains patterns of varying complexity with excellent examples, and assesses the reader’s understanding of the material with short questions and answers.

In simple and clear language, this book provides specialized instructions on the scientific applications of candlestick charts that can be useful to any trader with any degree of knowledge and experience of the market. This book starts with the simplest basics of candle patterns and goes through the most complex stepsPattern recognitionIt goes on in these charts. Each chapter contains specific goals and topics, clear and practical instructions, and practical examples. In addition, each chapter has a question and answer section where the reader can assess their understanding and learning of the concepts explained.

This book has not been translated in Iran, but another book by Steve Neeson (2001 edition) entitled “Japanese Candle Patterns” in Iran has been translated and published by Kamarayar Farahanifarid and Reza Ghasemilungaroodi.

3. Basics of technical analysis; By Jack Schwagger

Jack Schwagger is one of the most well-known people who articulates the concepts of technical analysis in the simplest and most comprehensible way possible for novice investors. In the book Fundamentals of Technical Analysis , Jack Schwager addresses issues and concepts such as trends, trading range, chart patterns, profit and loss limits, trading entries, exit trades, and pyramid schemes (increasing new trading capital using trading profit Previous), explains.

This book provides a simple and clear explanation of the technical analysis framework for making better and more informed investment decisions with many examples. Referring to his real-world experiences of trading, Schwagar incorporates bar charts, candlestick charts, peaks and valleys, pattern recognition, return trends, trading apps, and many other concepts in this book in a very simple way. In addition, this reference book helps people choose the right market, trading approach, risk control strategies, and establish a routine trading routine.

Currently, there is no specific translation of this book in the Iranian market.

4. Encyclopedia of Technical Market Indicators; By Robert Colby

Financial markets are constantly changing, and based on these changes, technical analysis indicators are also being updated. The Encyclopedia of Technical Market Indicators by Robert Colby can be considered as one of the main sources for learning and examining technical indicators. This book provides an alphabetical list of the most up-to-date and important technical analysis indicators, and 18 years after its publication, it is still being updated to include new trading indicators.

The Encyclopedia of Technical Market Indicators contains the concepts and definitions of indicators, their underlying philosophy and, most importantly, simple and understandable instructions for using these indicators in daily trading. Colby is an independent financial market researcher who has consulted with many real and corporate investors and delivered keynote lectures on investment prospects around the world.

This book has not yet been translated and published in Iran.

5. Encyclopedia of Graphic Patterns; By Thomas Bolkovsky

The latest edition of the book, first published in 2007, includes new patterns of bullish and bullish markets. In his Encyclopedia of Graphics Patterns, Thomas Bulkowski examines about 53 diagrammatic patterns and nine different patterns that are created based on market events. By reading this book, you can easily identify the pattern of each chart and make the most correct trading decision based on it. In this book, in addition to defining and recognizing patterns in various charts, Bolkovsky explains how to use them and trading methods using real, reliable and transparent statistics. An encyclopedia of chart patterns can help you spend less time identifying chart patterns and increase your chances of buying close to the floor and selling close to the price ceiling.

Leading Trader Larry Williams, author of popular trading education books, writes about Bolkovsky:

[This book] is the most complete reference and source for graphic patterns and covers issues and points that were previously less considered. Bolkovsky provides specific data on whether patterns are good or bad. I recommend reading this book to anyone who has ever looked at a graph and not realized what is happening. 

Mehdi Mirzaei and Pouria Tirgar have translated this book under the title of “Encyclopedia of Graphic Patterns” in Iran and Arad Publishing has published the book.

6. Comprehensive guide to futures market; By Jack Schwagger

This book is another work by Jack Schwagger, which is a complete and comprehensive source on futures trading analysis and trading. As mentioned in the book’s detailed title, this book covers a wide range of topics. Read the Comprehensive Futures Market Guide: Technical Analysis, Trading Systems, Fundamental Analysis, Authority Contracts, Deposits and Trading PrinciplesIt is recommended to any trader or investor who intends to have a successful presence in the futures market. In clear and concise language, this book explains the basics of futures markets with key details and methods for predicting the future of the market, and a look at advanced trading concepts and the practical application of these ideas in hundreds of real-world examples. In his book, Jack Schwagger distinguishes many misconceptions about the market from real concepts and provides step-by-step instructions for developing and testing ideas and trading systems.

Entering the futures market without a clear understanding of the realities and nuances of this market is like losing money and capital. This complete futures market guide provides the right tools for traders and investors of all skill levels to be more successful in achieving their goals. Peter Brent, a leading market trader, says of the book:

The Comprehensive Guide to the Futures Market Guide will quickly become an important and key book on the futures market and will be the main reference for trading in this market for years to come. This book covers a wide range of futures markets, from technical and fundamental analysis to systematic trades and option contracts, and every futures market trader should read this.

There is no translation of this book in the Iranian market.

7. Technical analysis using multiple time frames; By Brian Shannon

This book helps readers better understand the market structure and psychology of price movements. Technical analysis using several timeframes, along with explaining the importance of fundamental analysis alongside technical analysis, shows how to enter into low-risk trades and achieve significant gains away from emotional decisions by using price movements correctly. This book opens the way for traders to make more profit by accurately estimating the potential profit, as well as accurately determining the profit and loss limit in a particular trade.

With this book, you can predict them instead of reacting to price movements. Brian Shannon also shows you how you can come up with specific strategies for specific situations.Long and shortOpen them, manage them, and exit at the right time. Efficient reviewTurnover And moving averages and many more are some of the topics covered in this book.

This work has not yet been translated and published in the Iranian market.

8. Art and Science of Technical Analysis; By Adam Grimes

The Art and Science of Technical Analysis: Market Structure, Price Movements, and Trading Strategies In simple language, it offers an extraordinary insight and understanding of high-performance technical analysis strategies and models. In fact, it can be seen as a bridge between the academic perspective on technical market analysis and lucrative trading, which has gone beyond many common trading book standards. Adam Grimes shows why markets are often unpredictable, what the role of technical analysis is in identifying valid statistical patterns in certain market conditions, and in what contexts the use of technical analysis can be successful. The book believes that price patterns are based on buying and selling pressures; However, Grimes explains that these technical patterns are effective only if there is a real imbalance between buying and selling pressures.

The Art and Science of Technical Analysis contains a comprehensive statistical analysis of markets with some tools and patterns, including analysis. Fibonacci levels, And highlights the impact of other trading tools and settings. In addition, the author of this authoritative source, citing his twenty years of experience as a trader, instructor and professional trading consultant in the financial markets, aboutEmotionsThe emotion and psychology of traders also provide practical insights. The Art and Science of Technical Analysis comprehensively, comprehensively, and realistically examines the various risks associated with trading, market problems, their performance, and how to find effective solutions.

There is no translated version of this book in the Iranian market.

9. Definition of technical analysis; By Martin Pring

The Fifth Edition of the Definition of Technical Analysis, Fifth Edition: A Guide for Successful Investors, which identifies investment trends and milestones , targets one of the most influential factors in market trends that, unlike other influential factors, has never changed; Human emotions. Whether you are a commodity trader or an innovative product, observing investors’ behavior in the face of past events through technical analysis is your key to predicting future buying and selling times. The fifth edition of Definition of Technical Analysis shows how you can maximize your profits in today’s complex markets, using powerful tools to understand the behavior of other traders.

The new edition of this book has an approach based on making more profit with less time, and each chapter of the book contains examples, tables, charts and tips about real situations in the world of daily trading. Also, this book contains information about price patterns, candle charts,Relative power, Provides knowledge of market sentiment and some other important indicators. This comes with practical suggestions for avoiding the wrong signals that can help investors check for shorter timeframes.

This work by Martin Pring has not yet been translated into Persian.

10. Evidence-based technical analysis; By David Aronson

Book Technical Analysis of evidence-based use of the scientific method and statistical inference for trading signals explains how you can use the scientific method and advanced statistical tests to determine whether to use trading signals. Much of the book is devoted to a new method specifically designed to evaluate the performance of laws and signals based on the analysis of historical data. “Evidence-based technical analysis” is divided into two parts; First, the book deals with the methodological, philosophical, and statistical foundations of evidence-based technical analysis, or EBTA for short. Employs.

This book explains with practical advice how traders can use advanced scientific methods and statistical tests to determine the true effectiveness of trading signals. David Aronson compares the effectiveness of objective methods of evidence-based technical analysis with traditional technical analysis and illustrates the profitability and experimental results of this approach with examples, evidence, various historical data. In the meantime, many methods and rules are selected in different verification and best deals. In fact, Aronson explains that the interpretive methods of traditional technical analysis are very subjective and biased and are not based on specific principles, while the use of technical analysis based on valid and scientific statistical data can lead to better results.

There is no specific translation of this book in the Iranian market.

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