Topic: Do you want to be a technical analyst yourself? - page 2. (Read 413 times)

It will be appreciated if you can give the link to download the soft copy of these books as i don't think we will be able to find them in the local bookstore.
These can be very helpful for the traders or who want to pursue a career in trading.

I don't think crypto is any different. Pretty much any markets out there whether its stocks, stock indicies, energy, metals, forex, soybeans, etc. They all pretty much trade the same. Technical analysis works pretty much for all of them and the hit rate might be higher or lower in certain assets but its more or less the same. No method provides 100% accuracy however.

I think the most important is pretty much trends. If there is a trend is fairly easy to trade as long as you follow it. Basically as long as you bought BTC after March crash it would of been very difficult not to make a profit. The stock market is no different. As long as you were long from April/May 2020 you would of made money in the markets and it would of been pretty difficult to lose money unless you did something such as buy Hertz which went bankrupt or trade stock options.

Indeed, that's what books are made for. Books or other kinds of medium are for learning, the application will in your hands, books will not make money for you but they will help you to achieve it.

I already heard the book Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and
Applications on some traders, which they are sharing some technique or lesson on trade with the reference of this book, this book is newbie friendly and it will really help you to start your journey in trading.

A quick tip: I am sure these books got some digital already where you can read for free. Just a few google search keywords and you will find it.

Here I would like to add some note. In order to become a successful trader and do the analysis yourself you will need to read some mental related books because the TA strategies are usually based by it. If you don't get control over your emotions you will fail doing the analysis. The book from John J. Murphy is my favorite one and this will give you the basic of doing the analysis but, in the end, after reading this book you need to use your own strategy for the markets depending ob the market. For example, on some markets, using the oscillators are more useful and on some other markets using the classic price action is better. These books will give you the basic knowledge and you will need to do the rest.

Both books are decent. I read them many years ago when I was in the Forex/Stocks trading.

But I think technical analyst is not applicable about crypto as here are much more speculations than 'technical' part. Just follow the trends and be very cautious.

I stop reading books after I finished to study the basic of trading such as using of Indicators and reading patterns. This tons of knowledge in trading is useless if you don't a good strategy no matter how many books you read. The more you read, the more complicated your trading it will get especially when you apply it in crypto trading.

It's hard to apply the traditional trading principle to a market that can be easily manipulated by news and hype.

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On the bright side, Reading books as a foundation for trading is a good idea. It's just a bit complicated to understand once you are literally new on trading. Enrolling in online class is more efficient way to learn.

Hello friends, we have probably all heard the name of technical analysis and have heard it at least once.
Today I want to introduce you to 2 books in this field that will help you in this market and increase your knowledge and awareness of technical analysis.

Analysts can use this type of analysis to determine the level of resistance and support.By reading these 2 books, you can increase your awareness of financial markets and using this analysis, you can use it in all financial markets, stock exchanges and digital currencies



Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and
Applications

Year of publication: 1999





This book is written by John Murphy and is a comprehensive review of analysis and has become one of the best-selling educational resources in the field of technical analysis in financial markets and has many fans who have published several million copies of this book.

By reading this book, you can learn a lot about how to read charts, and the role of technical analysis in investing. Also, many translators in the world have translated this book into different languages, so with a simple search, you can prepare these books in several languages.


Let's move on to the second book by Steve Nison


The Candlestick Course


Year of publication: 2008



Such charts are among the most popular diagrams for investors and analysts, and with the help of Steve Nison, the book has a large audience in the West. This book is one of the most complete books in the field of candlestick charts. In this book, the reader has a correct understanding of the contents of the book and charts, and for this reason, analysts consider this book to be an effective book in the field of analytical knowledge.

This book is also suitable for beginners and professionals because its concepts are categorized in a way that is understandable and usable for both people.Unfortunately, this book has been translated into a few languages, including Japanese, English, etc., but you can find this book in other languages with a simple search.

In the next posts, I will introduce more books in this field so that you, dear ones, can increase your knowledge in the field of technical analysis by reading them.