Books on Technical Analysis

Discussion in 'Technical Analysis' started by morbius14, Jan 20, 2007.

  1. hi,

    I was wondering if anyone can recommend some good technical analysis book? I've already read "Technical Analysis of the Financial Markets" by John J. Murphy and i'm trying to get something a little more advanced and maybe more up to date to current market conditions. I did a search on Amazon and seems like Technical Analysis of Stock Trends by Robert D. Edwards have very good reviews and it's also coming out with a new edition. Any recommendation would be helpful. Thanks all!
  2. phg


    See also the book reviews on this site. I agree with the favorable reviews of "New Trading Systems and Methods" by Kaufman. Also "Technical Analysis from A to Z" is an easy read and summary.
  3. ess1096


  4. >morbius14

    I read Technical Analysis of Stock Trends 35 years ago
    and am darn glad that it was the first book that I read
    on TA. I HIGHLY recommend that you read it. However,
    and this I think is important, try to find the 6th edition.
    This is the last edition that was put out by Magee. I say this
    because the guy (Bassetti?) who I hear got the selling
    rights after Magee died started adding chapters to the
    7th and later editions. I saw what he added and believe
    me he is no student of the market. If you can get only
    a post-6th edition, skip those chapters numbered with
    This is not a get-rich-quick book. It's a textbook. I know
    many people who have never made it to the end of the
    book. If you don't like puzzles, games such as chess etc,
    you may not be suited to learn and use TA. But even if
    you are, I suggest you skim through the book once, then
    do a more detailed 2nd reading, and then try to start
    learning TA on the 3rd reading.

    Good luck.
  5. I agree about finding an older edition. These occasionally turn up on eBay. I got a fifth edition for only a few dollars.

  6. Thanks marketsufer, I was actually considering that book as well. Will put it in my shopping cart now haha. Thanks again