Please realize that in order to invest or trade in Stocks, Options, Forex, or even Mutual Funds, it is imperative to know AND understand price and market movements that can only be learned from Technical Analysis. You Should NEVER attempt Trading or Investing without it! And NEVER depend upon a Financial Advisor to make your decisions. They are salepeople and they make money whether you do or not.
My experience has taught me that “Every book on the market” regarding Charting and Techn
List Price: $ 6.95
Price: $ 6.95
Great Investment Advice,
I have been investing since 1994. After watching my portfolio be cratered by the bear market in 2000 and again for the second time in 2007, I began searching for a better investing approach. I read and reread several books on “Technical Analysis” while creating a new investing strategy.
I bought McAllen’s book, Charting and Technical Analysis with hopes it would provide insight. It did not disappoint. His writing style hit the mark, it is clear, direct, and with the voice of experience.
For instance, McAllen reveals detailed thoughts in entering and exiting investments and trades. New traders will find these interesting and should pay close attention to them. Long term investors should never risk a penny before reading this book. Making money in the markets is not nearly as easy as other books will have you believe. McAllen does not promise over-night riches or get rich quick schemes. His methodical approach is great for any investor or trader.
As for the meat of the book, McAllen’s book has no rivals. I have read many other books on technical analysis and this is the best by far. Refreshingly, he does not waiste time on other indicators, such as stochastics. I’ve used all those types of indicators at one time or another and eventually discovered that they are all based on either price or volume, so I am still convinced that they add no significant value.
McAllen simply goes to great length to describe chart patterns, how to recognize them early, and determine entry and exit points. His approach to finding the most opportune time to enter an investment in relation to risk versus possible reward is an extremely valuable learning experience.
Summary
After completion of McAllen’s book, my new investing approach is to have two accounts. One for short term trading and another for long-term investments that will only be traded only at times to avoid major market declines. Whether you are a novice trader or an experienced long term investor, this is your book. It is worth double the price Amazon is selling it for.
Good luck in your investing.
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|Definitely a must-read,
This is an awesome book. I’m extremely skeptical, so I always look the other way when someone promises me I’ll make money like most stock market books out there. This book doesn’t claim you’ll make a million bucks using some crazy system like so many others on the market, but delivers outstanding information in a detailed, yet easy to understand language so you can make your own intelligent decisions. I would recommend it to anyone who wants to learn (more) about charting and technical analysis. The only problem I have with it is that there is not a paper edition.
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|Great Book,
Very informative and detailed. A great book to read as the Author truly explains how the use of technical analysis can be used in any type of investing. Very helpful and highly recommended.
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