When looking for the best books for technical analysis, you will come across numerous resources that cover various practice areas ranging from crowd psychology, patterns, or trading system development. Some of those books on technical analysis might seem a bit dated, as they were published years and decades ago. On the other hand, you will definitely come across time-tested masterpieces with fundamentals and baseline features to consider when trading like a proven technician.
In this article, we have conducted a list of the best technical analysis books that will let you master the art of trading using price patterns, technical indicators, and market insights as to the main source of relevant market data. They will help you better understand the idea of technical analysis as well as the way to adapt your specific trading strategy.
1. Technical Analysis of the Financial Markets (by John J. Murphy)
The book contains detailed guidelines and recommendations on how to utilize specific trading methods and applications under real-market conditions. You will learn fundamental principles of technical analysis along with its major concepts and factors that can be successfully applied in the financial market.
What’s more, beginners will find out more about the latest technologies implemented by technical traders. The author provides comprehensive insights on stock rotations and candlestick patterns, he also explains the process of inter-market relations as well as ways to read specific charts to result in smart and profitable decision-making. Last but not least, readers will learn how to use F&O instruments.