Best 5 Technical Analysis Books That Every Trader Must Read:

Technical analysis is a strategy used to help day traders simplify the decision-making process. While there is an endless amount of complex strategies, technical analysis is built on very basic principles. There are a few key things you should know: Technical analysts only care about price action. Here are some best books that every trader must read before starting investment in share market.

Technical Analysis of Stock Trends by Robert D. Edwards and John Magee

Technical Analysis of Stock Trends by Robert D. Edwards and John Magee, is considered to be the Bible of market analysis.

The first book to introduce a methodology for determining the predictable behaviour of investments and markets, Technical Analysis of Stock Trends revolutionized technical investment approaches and showed traders and investors how to make money regardless of what the market is doing.

A true classic of market analysis, this book is an indispensable reference for investors and traders, both seasoned veterans and the new generation alike.

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How to Make Money Trading with Candlestick Charts

This book intends to make the reader a master in his trade provided he follows the explained concepts of candlestick trading effectively. The Japanese have practiced candlestick techniques in trading and candle signals for over four centuries to fill up their treasuries. Refined and revised over the due course of time, these signals are now utilized all over the world for trading in finance markets, stocks and derivatives.

The book helps the reader in understanding and applying this technique to make money. It starts with explaining the types of candle signals, techniques to identity them and utilize them. Every candle formation reflects an underlying market psychology which has been lucidly explained by the book. Taking advantage of high probability trades, the book explains how one can accurately combine candlestick signals with Western technical analysis for generating explosive profits and cutting losses.

In addition, the book also discusses how the candlestick technique builds a simple mechanical trading system and eliminates emotional interference, gluttony and panic. Besides clearing concepts of candlestick charts and signals, the book also offers market-tested trading ideas and some Do’s and Don’ts in business, straight from the author’s experience.

About the author:

Balkrishna M. Sadekar is the founder of Profitable Candlestick Charting LLC., an educational company providing training to stock traders in the proper use of candlestick charting and technical analysis. He is also a member of Technical Securities Analyst Association (TSAASF.org), a leading authority for technical analysis in the United States. With a Masters degree in Engineering, Sadekar has passionately blended technology with investor psychology analysis via candlestick charts.

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Trading and Technical Analysis Course: How to Trade Safely and Profitably

•How to Trade Safely And Profitably — Step By Step
This book shows you, step-by-step, how to combine the stock picking and market timing capability of technical analysis with the power of disciplined trade entries and trade management strategies. Result: Safe and profitable trading.
• Mastering Technical Analysis : How to use various technical analysis concepts and tools, including trend analysis, moving averages, indicators and oscillators, candlestick and price patterns, volume, consolidations and corrections
How to pick the right stocks and timely trades using chart and pattern analysis
• How to pre-determine tentative price and time targets for a trade
• New : 2 brand new tradable price patterns pioneered by the author
• Plus : Topic-wise quizzes and practice exercises to help you test your grasp of each important concept and topic and add to your trading confidence
• Plus : 175+ large size charts for clearer understanding
• Safe And Profitable Trading :
How to assess your trading profile
• Trade entry rules and check-list
How to place effective stop losses and other risk management techniques
• Trade monitoring and exit — how to book profits at the right time
• Rules of money management, risk management and portfolio management
• New : AIM Framework — the author’s disciplined trading approach for controlling your emotions, panic and greed
• New : Trade Selection Ready-Reckoner — the author’s powerful trading tool that helps you identify and manage high reward trades.
• Trading And Technical Analysis Course : Mandar Jamsandekar has trained thousands of technical analysts and traders to trade safely and profitably. In this innovative course book, he presents his proven, practical tools, methods and strategies of systematic trade analysis, trade execution and trade monitoring that enforce rigorous analysis and trading discipline — and weed out trades with poor risk reward outcomes

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The Intelligent Investor

It is a widely acclaimed book by Benjamin Graham on value investing. Written by one of the greatest investment advisers of twentieth century, the book aims at preventing potential investors from substantial errors and also teaches them strategies to achieve long-term investment goals.

Over the years, investment market has been following teachings and strategies of Graham for growth and development. In the book, Graham has explained various principles and strategies for investing safely and successfully without taking bigger risks. Modern-day investors still continue to use his proven and well-executed techniques for value investment.

The current edition highlights some of the important concepts that are useful for latest financial orders and plans. Keeping Graham’s unique text in original form, the book focuses on major principles that can be applied in day-to-day life. All the concepts and principles are explained with the help of examples for better clarity and understanding of the financial world.

Combination of original plan of Graham and the current financial situations are the reason behind this book’s preference today’s investors. It is a detailed version with several wisdom quotes that are likely to change one’s investing career and lead to the path of financial safety and security.

About the Author:

A professional investor and economist, known all over the world, Benjamin Graham is believed to be the father of value investing. He first taught this new investment approach at Columbia Business School. A British-born, he is credited with having pioneered numerous cutting edge concepts that, many believe, pushed several of his followers in the world of investments, to the top.

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Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance S.) 

Technical Analysis of The Financial Markets: A Comprehensive Guide To Trading Methods And Applications (New York Institute of Finance) by John J. Murphy is an excellent reference book that attempts to teach traders the complicated relationship between technical analysis and stock markets.

The author has updated the first edition to include the most recent progress in technical tools, indicators and other changes in computer technology. The second edition contains additional information on inter-market relationships, stocks, stock rotation and candlestick charting. The book also contains ultra-modern examples and quotations related to the stock markets that further make it easier for the readers to comprehend the concepts.

Technical Analysis of The Financial Markets teaches the readers a vast range of topics ranging from understanding indicators in the markets to reading charts. It also provides a thorough explanation about the importance of technical analysis while investing. The book especially concentrates on trends in a future market scenario, which again helps the readers to chart out the strategies for investing accordingly.

The book has been especially revised and updated keeping in mind the various changes that have taken place in the markets in the past few years. It is an ideal guide for all potential investors who want to invest smartly.

Technical Analysis of The Financial Markets: A Comprehensive Guide To Trading Methods And Applications (New York Institute of Finance), the 2nd revised edition, available in hardcover, was published on 1st January, 1999.

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