John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
“If one could read only one book on technical analysis, this should be the one.” –Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today’s financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
“One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It’s an easy read.” Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
User Ratings and Reviews
2 Stars Extremely Shallow
The Good: May be worth something for a beginner who wants to know what Technical Analysis is about.
The Bad: No in depth view of anything.
My Advice: Go to the library before buying. In one or two hours you would have read all (if anything) that is worth in this self called “Bible”. No need to buy.
5 Stars From the Stock Traders Headquarters library
A must read. Technical Analysis is the heart and sole of my trading style, it doesn’t always work but it sure works enough of the time to make very profitable trades. If you trade on T/A, this book is a must.
David Colletti
Founder
StockTradersHQ.com
4 Stars Excellent book and delivery
good book, clear and thorough, amazon did a good job with the delivery too, it was sent earlier than the expected delivery date, and that is to Kuala Lumpur, MY
4 Stars Newbie
All I can say is wow, using the information I learned in this book lead me to take a short position in Heating Oil a few weeks ago and it worked beautifully. I still have much to learn particually about developing a trading system / style of my own. This book has given the confidence and a point in the right direction. Next up is statistical probabilty study.
3 Stars Murphy, Pro and Con
It is a text book, not a trader’s manual. On the upside it provides excellent coverage of charts, trends, reversal patterns, continuation patterns and moving averages. It’s chapter on Candlesticks is a small gem of information. The coverage of indicators was skimpy, but this gap can be filled with good internet sources.
On the downside, it was often unclear as to whether his writing applied to individual stocks or to stock markets only. The chapter on point and figure was incomprehensible. Money management was skimpy - again go to the Net.
