Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points

by Martin J. Pring

The guide technicians turn to for answers--tuned up to provide an advantage in today's global economy The face of investing has significantly changed in the 30 years since this book's first publication, but one essential component of the markets has not--human behavior. Whether you're trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today's complex markets by tailoring your application of this powerful tool.

Tens of thousands of individual and professional investors have used the guidance in this book to grow their wealth by understanding, interpreting, and forecasting significant moves in both individual stocks and entire markets. This new edition streamlines its time-honored, profit-driven approach, while updating every chapter with new examples, tables, charts, and comments that reflect the real-world situations you encounter in everyday trading. Required reading among many professionals, this authoritative resource now Brand-new chapters that analyze and explain secular trends with unique technical indicators that measure investor confidence, as well as an introduction to Pring's new Special K indicator Expanded coverage on the profit-making opportunities ETFs create in international markets, sectors, and commodities Practical advice for avoiding false, contratrend signals that may arise in short-term time spans Additional material on price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and global stock markets

Properly reading and balancing the variety of indicators used in technical analysis is an art, and no other book better illustrates the repeatable steps you need to take to master it.

When used with patience and discipline, "Technical Analysis Explained," Fifth Edition, will make you a better decision maker and increase your chances of greater profits.

Genres: Finance, Nonfiction, Business, Economics, Money, Reference, Technical

1480 pages, Kindle Edition

First published May 1, 1985

Reviews

[Williamprasetyo · Rating 4 out of 5]

A very good book if you read it carefully . Try to understand every charts, methods , candlesticks . But there's no 100% success in trading , cause it's depend on our psychology .

[Murilo Forte · Rating 5 out of 5]

The bigger the base, the further they can race! Or the greater the top, the more they’ll drop!

[Mira · Rating 4 out of 5]

refer to this book when/if you want to do swing trading

[Ina]

This is a must for us stock brokers to get hold of. Probably one of the most precise books about Technical Analysis-Stock Trading. If you are heavily into stock trading and would like to understand and dig deeper into the different price movements and fluctuations, this is the right book for you. The book is “purely technical” though. If you don’t have a background on stock trading and a bit too busy to read, Citiseconline also offers INTENSIVE and SIMPLE technical analysis seminars handled by Juan Barredo that would make it easier for you to understand.

[John Boettcher · Rating 2 out of 5]

Everything in the book works for trading. Except when it doesn't. Pretty much the same for every technical analysis book out there. They pick those charts that work with their system and leave the millions of different circumstances out there that DON'T fit the book OUT of the book. Read with a large grain of salt!

[Michael Atkinson · Rating 2 out of 5]

One of the Big 3 tomes on technical analysis. Drove me up a wall because Pring likes to use big words unnecessarily. bleh.

[BlackForex · Rating 5 out of 5]

This book was impression to me since many years ago during my novice period as a stock trader. It's provide depth enough explanation of the real technical analysis. The practical of many examples inside the book are useful in the real world trading.

However, the new technical analysis tool already introduce for the modern derivative product. So, let's use this book as an excellent starter kit before you jump to the top.

[Peter Ovesen · Rating 2 out of 5]

I'm torn. On one side this book has many good tidbits and interesting takes, especially on trading psychology, but on the other it is just overall very poorly organized and longwinded. Elements that clearly fit in one chapter appear in other places out of context and the exact same insights are repeated across most chapters with little added value to the reader.

It has a lot of potential but it felt like the book could be done in 200 pages if a little more structure was applied.

[Joan Roig · Rating 4 out of 5]

Very extensive study on Technical anaylisis. It should be used as a guide (as a means of consultation), more than just reading it once.
Actually there is much content which I do not even use in my method of investing. However, I found very interesting details and explanations. Some chapters I might reread in the future.

[Rajesh Kuppuswamy · Rating 4 out of 5]

Great ideas and thoughts. Could have explained/written in a simpler fashion

[Jacob Li · Rating 5 out of 5]

After much research, this is the first technical analysis books I read on stock analysis. It covers almost everything you need to know about the market from the big picture to specific technical points such as drawing trendlines, support/resistance, indicators and candlestick patterns. These are all useful tools that you can use to set up a trading strategy to make a trade. I have definitely learned a lot of knowledge from it, including the technical proof behind common indictors like EMA.

One caveat I have about this book is that the examples stopped at the 2012 market which may not reflect how market is right now. Some indicators that are shared may not be useful anymore. That being said, it is a good reference point to learn the basics. I believe the most important lessons lies in the epilogue where it gives a overarching picture of the mindset a person need to be a trader in the stock market.

[Ethan Lambert · Rating 5 out of 5]

It's a fantastic all round book for Technical Analysis.
He covers all topics.
Uses charts to explain price action.
Not a boring read unlike most books on TA.
For amateurs interested in Learning TA, read this book first to have an overall idea about this subject.
For those who think TA is quackery avoid it.

[whiteboyblunts · Rating 5 out of 5]

my girlfriend broke up with me the other day, whenever i have had the emotional stability i’ve just been CRANKING this bad boy out.

martin, when you wrote this book i doubt you had ever considered the possibility that this work would be used as an escape- a way to forget if you will- but sir, you have succeeded. thank you martin.

would recommend.

[Jordan Mcculloch · Rating 2 out of 5]

I have about a 20% understanding of the topic. Above my ability to understand and determine useful information. I think a better understanding of technicals and trends as well as bonds and interest rate knowledge, will benefit me if I decide to read again in the future.

[Andrew Smith · Rating 5 out of 5]

Very nice book on Technical Analysis. But am tired of retail strategy, I Use Smart Money Concept or The ICT trading system.
https://rosabooks.gumroad.com/l/Smart...

https://rosabooks.gumroad.com/l/ICTSt...

[Herry · Rating 5 out of 5]

One of the bests!

[Sangam Agarwal · Rating 3 out of 5]

outstanding book for beginner

[Tito Shella]

This is the best book on technical analysis by far. I liked how it was written using the simplest of language. The concepts and theories were succinctly explained.

[Sikandar Khan · Rating 4 out of 5]

Lots of information packed into a single book. Mostly recommended for someone who already has a trading background.

[Mohammad Sh]

It's better than Technical Analysis of the Financial Markets from john Murphy and goes far deeper than Murphy in explaining key concept

[Kenny · Rating 4 out of 5]

Pinpointing concepts on charts was sometimes difficult due to unclear references and awkward ordering.

[Reader · Rating 5 out of 5]

Amazing book, will keep it on my work desk for reference for the rest of my financial career.

[tamer · Rating 5 out of 5]

A must read to understand technical analysis. If you want to become a trader on your own this is the first step. Money well spent.

[Corinne · Rating 5 out of 5]

Great introduction to technical analysis with good analogies and practical tips.

[Adib Prawirahutama · Rating 5 out of 5]

Complete technical analysis explained.

[Poonam · Rating 3 out of 5]

Not for beginneers.

[Es · Rating 4 out of 5]

Treat this as a glossary of tools. Good for experienced traders learning to read graphs and formulating their own strategies. For a more spoon fed approach, read How To Make Money In Stocks.

[Adam Falkenberg · Rating 4 out of 5]

Very comprehensive and dry.

[Stephanie · Rating 2 out of 5]

One of the first books i read on technical analysis. I do not think the principles in this book can be used for short-term trading anymore, but its a good introduction to understanding some basic price action setups. It's too long, you don't need to read the whole thing.

[Ranjeet]

this is book to know about techincal analysis