Technical Analysis: Is Mostly Bullshit - Why Flipping a Coin is a Better Strategy than Using Technical Analysis in the Financial, Stock, and Forex Markets

by Tim Morris

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What If Technical Analysis Is a Lie?
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As In Something That Doesn't Work and Never Has...

Look at all the courses on the internet claiming you will be a millionaire from using Technical Analysis! How someone with just $500 in their bank account made a $100,000 in 3 days. And all you have to do is look for a pattern on a chart and follow their advice. Seem too good to be true... t hat's because it is!

Hi, my name is Tim Morris. I've been trading stocks for many years, and have a great bit of experience in the markets. I'm here today to cut through the lies, and give you the cold hard truth about technical analysis. The truth other "educators" won't tell you. The truth you deserve to know. That technical analysis is complete bullshit!

Here's What You'll Learn In This ━═━═━═━═━═━═━
As a FREE bonus , only for book buyers, you'll receive my special report titled Crush the Market! This report goes over 18 beneficial tips I have learned throughout my trading career that will help keep your account profitable in the stock market. This report is not sold to the general public, and only available to buyers of this book
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I wish I knew all this information years ago. No where else on the web will you find what I reveal in this book

Experienced chartist or brand new trader, everyone will learn new information in this book. Click the "Buy Now" button at the top of the page and get your copy right now!

Genres: Finance

72 pages, Paperback

Published June 20, 2023

Reviews

[audie crear · Rating 5 out of 5]

Good book makes a lot of sense but......

I always laugh at people who say they've
never met a rich technician.I've used fundamentals for 9 years and got rich as a technician. marty( pit bull) schwarts

[D. Thrush · Rating 2 out of 5]

This short book explains some of the technical analysis (TA) info that people use to determine when to buy and sell stocks and why these metrics don’t work most of the time. I suspected that TA was just a tool that makes you think you know more than it reveals, so I tend to agree that TA is limited. Morris briefly touches on some things he thinks do work, but very briefly. So, I didn’t find much value in this book, other than explaining to me what doesn’t work and why. TA may be just one tiny piece in a larger puzzle that gives you a better picture of a company’s stock.

[Adam Jason · Rating 1 out of 5]

Would be better titled 'Why I think TA is mostly bullshit'. The author just continously gave personal opinions whilst rarely providing any evidence. The book was basically made up of the author explaining various TA methods (I think it would be fair to assume anyone reading this book would already have an understanding of these concepts) and then giving his personal opinion on said concepts.

Although I broadly agree with the message that was delivered, this book did nothing to strengthen my opinion due to the lack of evidence provided.

[Leon Adeyemi · Rating 5 out of 5]

Touchy subject

I do believe there are going to be alot of poeple who read this out there and Highley disagree and they have every right to do so however I'm not one of those people. This is a really good book and it's made me think alot. I never liked TA anyway at best it's (educated guessing) and I personally have made more money from fundimentals then technicals but I do like looking at the charts none the less. I would recommend this book as food for thought

[Ebert Mahon · Rating 5 out of 5]

I can see clearly now

This book really opens your eyes about the scams and misdirection out there concerning chart indicators used. Highly recommended, you will not be disappointed. I also enjoyed some of the author's other insightful books on the nonsense trading courses out there.

[Fabian Lopez · Rating 2 out of 5]

I understand and believe what Tim says about technical indicators. However, his arguments lack of evidence about what percentage some of this indicators don't work. Also, some indicators do survive backtesting when used in combination and in different regimens. For him to argue that TI don't work despite all trading platforms showing them, there is definitely lack of proper analysis

[Jose Dominici · Rating 5 out of 5]

Different book on technical analysis

This got my attention based on the word on front of the book. The author give his opinion about technical analysis and not use it as the main source of trading. And talks about the expensive seminars and courses they sell with there technical analysis. Very good read.

[Bill Viscome · Rating 4 out of 5]

Quick and informative read.

This was a quick and easy read. It sheds a light on technical indicators and how they can be used to deceive new investors into buying them as well as seminars that profess eventual success.

[Andre Ong · Rating 5 out of 5]

Simple, Concise, and Well Reasoned

Mr. Morris’ present a clear discussion on technical analysis. He explains the theories in an understandable fashion and then puts forward his thoughts on them. This is worth a focused read.

[Matthew Page · Rating 5 out of 5]

Completely sold me on his viewpoint. I always viewed technical analysis with a skeptic eye, mainly from a lack of understanding. How does the way a 'candlestick' or a line chart move dictate how much money I can make...?

Tim Morris gives plenty of proof against the technical analysis. It is a fabricated methodology created by people on the internet who want to sell you a course or a book! During the gold rush the people who made the most money were those who sold the pickaxes.

You can loop this right in with stock picking and market timing. It simply doesn't work and even if it did, the amount of effort it would take wouldn't serve you much better than a minimum wage job. If you find the majority of technical analysis to be worthwhile and profitable, I still recommend the book as you should always seek the opposing viewpoint. The book is expertly written and touches on most pillars of belief in the Church of Technical Analysis, and even gives some pieces merit when it is needed. I highly encourage the book if anyone wants to learn more, if they are for or against it.

[Alex Barrett · Rating 4 out of 5]

The message of this book is perfect. We all want to believe we have that crystal ball to see into the future. What I have found is that price action in markets is very much random from day to day. The example given in the book showing a graph of heads versus tails is very compelling, because the illustrated graph looks very much like a typical price chart. Historical charts cannot predict future price action or future news affecting markets. You also do not need to use charts or any indicators to be profitable in markets.