Technical Analysis is one of the most decision-making tools used by analysts and traders in equity, commodity, currency, and other securities trading. Even most investors also use technical analysis and technical indicators along with usual fundamental analysis for the perfect timing of their entry and exits in the market. So in this article, I am going to mention the Best Books To Learn Technical Analysis.
Day traders, short-term traders, or long-term investors no one can ignore the importance of Technical Analysis.
There is a very broad range of books available to learn technical analysis, with topics like chart patterns, investment psychology, or even technical trading systems like algo-trading.
While many of these books present old or trivial information, but there are some books that are timeless gems when it comes to mastering technical analysis and trading.
9 Best Books To Learn Technical Analysis
So here is the list of 9 Best Books To Learn Technical Analysis;
- Japanese Candlestick Charting Techniques by Steve Nison
- Getting Started in Technical Analysis by Jack D. Schwager
- Encyclopedia of Chart Patterns by Thomas N. Bulkowski
- Technical Analysis of the Financial Markets by John J. Murphy
- Technical Analysis Explained by Martin Pring
- A Complete Guide To Volume Price Analysis by Anna Coulling
- How to Make Money in Stocks by William O’Neil
- Technical Analysis from A to Z by Steven B. Achelis
- Technical Analysis Using Multiple Timeframes by Brian Shannon
Table of Contents
Japanese Candlestick Charting Techniques by Steve Nison
Japanese Candlestick Charting Techniques by Steve Nison is a very evident and expressive book on the candlestick chart pattern, that even novice traders would be able to perceive the techniques. Extensive examples of real charts with detailed commentary help a lot in understanding the complete topics.
The book is quite practical than theoretical. The author helped promulgate the technique and train institutional and retail traders even analysts from the top finance firms. The book offers virtually all candlestick patterns to its reader with examples, makes it one of the Best Books To Learn Technical Analysis.
Getting Started in Technical Analysis by Jack D. Schwager
Getting Started in Technical Analysis by Jack D. Schwager is one of the best books to start your trading education. The book is quite simple, elaborate, and feels like a narrative while reading.
The book covers various chart patterns and technical indicators. In addition to that, the book also teaches how to choose entry and exit points and revealing a plan for successful trading. The book is very good for novice traders and those who want to learn about technical analysis.
Those who are expecting an extensive chart pattern with examples, this book will disappoint you. But there aren’t many books that cover this vast range of topics in a single book.
Encyclopedia of Chart Patterns by Thomas N. Bulkowski
Like the name, the book Encyclopedia of Chart Patterns by Thomas N. Bulkowski is actually an encyclopedia that contains an extensive range of chart formations and patterns. The book elaborates on a statistical overview of chart patterns and how they have performed in forecasting future price movement of stocks and other securities.
Mr. Bulkowski, the author is a well-certified chartist and analyst and his statistical analysis set the book isolated from others that just show chart patterns and spotting them. It is one of the books I own and I can easily say that it is one of the best books to learn technical analysis.
Technical Analysis of the Financial Markets by John J. Murphy
Technical Analysis of the Financial Markets is a friendly and more approachable technical analysis book by John J. Murphy a former technical analyst for CNBC with more than 40 years of experience in the market. The book is a thorough guide to the Technical Analysis and has helped lots of traders and analysts in their trading journey.
Mostly, novice traders should read this book before jumping into complex books and topics. The book is suitable for experienced traders as well and they will learn quite new things and discover their own strategy. Arguably, it is one of the best books to learn technical analysis.
Technical Analysis Explained by Martin Pring
Technical Analysis Explained book is one of the best books to learn technical analysis since it contains an extensive amount of information covering many core concepts. The book is available online easily and you can read it and understand and suitable for every country’s stock market with enough liquidity.
The book also covers topics like market mechanisms and trading psychology that helps traders understand the way technical analysis works. Despite the wide size, the book is very friendly and easy to understand for novice traders with lots of knowledge to gain.
A Complete Guide To Volume Price Analysis by Anna Coulling
A Complete Guide To Volume Price Analysis is an outstanding book to learn price action and the effect of volume in each trades. This book is suitable for all kinds of traders and is highly recommended if you are new to trading in the stock market.
The book’s format is quite large and perfect to read explanations directly with the examples under the charts which makes it easy to learn, making it one of the best books to learn technical analysis.
How to Make Money in Stocks by William O’Neil
How to Make Money in Stocks is a classic book on technical analysis and was written by William O’Neil the founder of Investor’s Business Daily. O’Neil was a technical analyst and a strong advocate for technical analysis.
The book offers a wide range of technical approaches and advice for minimizing risk and finding entry and exit points in trades.
Technical Analysis from A to Z by Steven B. Achelis
Another comprehensive book about technical analysis, Technical Analysis from A to Z is written by Steven B. Achelis. This book is separated into two parts covering basic concepts that are useful for beginners and advanced topics like chart patterns and embellishes on over 100 technical indicators.
Those who are looking for books on technical indicators, this book may satisfy your need with lots of examples and indicators to learn from. Overall, it is one of the best books to learn technical analysis and a worthy mention in the list.
Technical Analysis Using Multiple Timeframes by Brian Shannon
This is quite an appealing book for technical traders and analysts because the book is really helpful to traders regardless of the strategy and style. The book Technical Analysis Using Multiple Timeframes is written by the author Brian Shannon is a technical analyst.
As the name suggests the book focuses on technical analysis across multiple timeframes to identify trades with a good probability of success. The book covers important topics like short selling, stop-loss order placement, price target identification, and more, making it one of the best books to learn technical analysis.
After reading all these books, I can easily say that you can pick any of these books to learn technical analysis and you won’t regrate it, because you will learn something new with each book.
However, you should understand technical analysis is not perfect, and so as the fundamental analysis. Profits and losses are also part of trading, but these books will help you understand various aspects of trading and the psychology of investors and helps you develop your own strategies.