15 Best Technical Analysis Books

Technical analysis is to analyze and interpret patterns in order to forecast market price movements. It may appear simple, but without a sound approach, it may respond.

Traders require good coaching in order to build a solid strategy for generating massive gains. Many seasoned traders have written technical analysis books to share their knowledge and experience.

Because half of the financial industry is riddled with jargon, picking the ideal analytical book might be difficult. We’ve compiled a list of the top fifteen technical analysis books that might help you achieve your financial objectives.

         

         

         

         

         

         

         

         

         

         

         

         

         

15 Best Technical Analysis Books 2021

Please read the best technical analysis book on the market’s recommendation.

1. Market Wizards

  • About the Author

The book is written by Jack Schwager, who is a hedge fund expert and a writer. Jack is a famous trade expert with extensive experience of more than three decades in the finance field. He manages (or has managed) many popular hedge funds, namely Fortune Group, Marketopper, and ADM Investor Services Diversified Strategies Fund.

  • About the Book

This book features interview talks of dozens of “successful” traders. Jack has summarised all interviews into a single Mantra; you need a reliable roadmap and an optimistic mindset to be a successful trader. This book features Bruce Kovner, Paul Tudor Jones, Michel Steinhardt, Tom Baldwin, and many other traders. Jack Schwager’s Market Wizards is among the best technical analysis books.

2. Getting Started in Technical Analysis

  • About the Author 

Another masterpiece from Jack Schwager’s arsenal is Getting Started in Technical Analysis. Jack is a well-known trader and author who has produced more than five bestselling Wall Street novels.

  • About the Book

This book will show you a cracked version of the stock market. The author has diluted all his extensive knowledge on the paper. The book covers a wide range of in-depth topics related to the technical analysis of the stock market. The book mainly sheds light on chart patterns, charts-bar, close-only, point-and-figure, candlestick charts, and pattern recognition. 

Read Next: Best Investing Books

3. Technically Speaking

  • About the Author 

The book Technically Speaking was written by Chris Wilkinson. Chris is a writer, trader, and journalist. Chris has featured conversations with sixteen prominent traders and technical analysts in Technically Speaking.

  • About the Book

The author has featured interviews of sixteen renowned technical analysts. The main goal of the author is to bring the readers to the table of fortune. These sixteen Gurus will help you to understand the technical aspect of the market quickly. The featured traders have revealed the methodologies, metrics, and strategies while picking assets. 

Stan Berge, Ralph Bloch, John Murphy, Paul Desmond, Martin Pring, and others are among the traders mentioned.

4. Technical Analysis Explained

  • About the Author 

Martin J. Printing is the founder and chairman of Pring.com. Pring group is a training platform for investors around the world. Mr. Pring is also a strategist for the Pring-Turner Business cycle. He also serves as a professor at Golden Gate University. He teaches graduate-level courses on technical analysis. 

  • About the Book

This book will show you how to make the most money in today’s volatile market. It will improve your decision-making abilities and help you develop a profit-driven strategy. Martin Pring has written a book that is both simple and interactive. It covers a wide range of technical analysis subjects, including price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and international stock markets.

Read Next: Best Investment Books

5. Technical Analysis of the Financial Markets

  • About the Author 

Market technical analyst John J. Murphy has worked for CNBC and Merrill Lynch’s Technical Analysis Futures Division. The International Federation of Technical Analysts has also recognized him for his contributions to technical analysis.

  • About the Book

Technical Analysis of Financial Markets is one of the top books on the subject. The best-selling book delves into the technical aspects of market comprehension, using methods such as candlestick charting, intermarket linkages, stocks, and stock rotation, as well as cutting-edge examples and data. The book has been rewritten five times to include the most recent breakthroughs in finance technology, technical tools, and indicators.

6. How to Make Money in Stocks

  • About the Author 

William J. O’Neil is an angel investor, writer and the founder of Daily News for Investors. William O’Neil is a well-known name on Wall Street. He also trains individuals and manages portfolios for investors. He also founded an institutional investment firm that has clients of over 500 investment organizations. 

  • About the Book

How to Earn Money in Stocks is a must-read for everyone interested in learning how to invest wisely. This book is appropriate for all investors, regardless of their level of experience. To fully comprehend the topic, William ONeil recommends following financial news. The book includes the most up-to-date FinTech concepts, as well as technical analysis strategies, charting systems, research tools, and illustrations. This classic work will assist you in developing a thorough understanding of the market.

Read Next: Personal Financial Books to Read

7. Japanese Candlestick Charting Techniques 

  • About the Author 

The book Japanese Candlestick Charting Methods was written by Steve Nison. Nison Research International was founded by Steve Nison. He consults for organizations such as the World Bank and the Federal Reserve. Steve is credited with being the first to use candlestick charts for technical analysis.

  • About the Book

Comprehensive information on candlestick charting and how to use it as a research tool is included in the book. The author has attempted to keep the book simple and interactive. One of the best technical analysis books for both amateurs and professionals is Japanese Candlestick Charting Techniques.

8. Encyclopedia of Chart Patterns

  • About the Author 

Thomas N. Bulkowski is a trader who started out as an engineer. Thomas has written nine books, all of them are focused on the stock market. Thomas has over three decades of experience as a professional financial advisor.

  • About the Book

The charting system and how to use charts as a critical research tool are the main topics covered in the Encyclopedia of Chart Patterns. The price trend in bull and bear markets, statistics, trading tactics, and a sample trade are among the topics covered.

Every transaction in the market leaves a trace. These indicators are referred to as stock market chart patterns. This book will assist you in deciphering these patterns and making informed trading decisions.

Read Next: Books about Day Trading

9. Technical Analysis Using Multiple Timeframes

  • About the Author 

Brain Shannon is a technical analyst, trader, and author. He also trains aspiring technical analysts and swing traders. He runs an educational platform named Alphatrends, where he provides online mentoring to trainees. “Technical Analysis Using Multiple Timeframes” has been acclaimed as a “classic” title. 

  • About the Book

In the book, American author Brain Shannon reveals his period trading approach. He has revealed his five periods (monthly chart, daily chart, 30-minute timeframe, 15-minute timeframe, and 5-minute timeframe). This strategy allows him to keep track of trends, forecast profit potential, and conduct other necessary research. This is one of the best technical analysis books available, and it is a must-have for both novice and intermediate investors.

10. Technical Analysis for Dummies

  • About the Author 

Barbara Rockefeller, an economist, technical analyst, and forecaster, wrote Technical Analysis for Dummies. Rockefeller Treasury Services, founded by Barbara Rockefeller, provides services such as foreign exchange forecasting and currency management. Barbra trades using both fundamental and technical research.

  • About the Book

Technical Analysis for Dummies will guide you through market trends, behavioral economics, charting, and a thorough examination of various market indicators. The author has attempted to turn her ideas into a manual. After reading the book, readers will have a thorough understanding of the bull and bear markets, market psychology, candlestick charting, and analyzing trading footnotes.

Read Next: Best Accounting Books

11. Elliott Wave Principle: Key to Market Behavior

  • About the Author 

This book was written by Robert Prechter and A.J. Frost.

Rober Prechter was one of the first traders to use the Elliott Wave Theory to plan his trades. A.J. Frost also makes astonishingly accurate forecasts using the Elliott Wave Principle. Both analysts are good friends who collaborated on the book.

  • About the Book

The publishing house recently released the 11th edition. The book proposes a 13-wave theory for forecasting market price and average movement. This book on wave analysis will teach you how to count waves and how to track their right peak.

12. Technical Analysis from A to Z

  • About the Author 

Steven B. Achelis is a businessman, trader, and author. He is the creator of Equis International, which provides FinTech companies with technical research, portfolio management, and software solutions. Steven B. Achelis is also a CNBC and CBS network adviser.

  • About the Book

For beginners and intermediate investors, Technical Analysis from A to Z is one of the best technical books available. It has a wealth of information on technical analysis and research tools for following market trends and pricing. The book can be used to any market. This book is a confidante in itself, with over 135 indicators for technical analysis.

13. The Art and Science of Technical Analysis

  • About the Author 

The title The Art and Science of Technical Analysis was written by Adam Grimes. Adam is an intraday and swing trader who primarily trades futures, stocks, currencies, and derivatives. Waverly Advisors’ CIO is also him. Waverly Advisors is a wealth management and risk advising firm based in the United States.

  • About the Book

Technical analysis, money-making patterns, profitable trading, and the academic view of markets are all discussed in The Art and Science of Technical Analysis. The book is a comprehensive work of information and study that examines the market’s dynamic nature. The book explains how to use Fibonacci analysis to plan your trading moves.

Every claim and argument presented in the book is supported by the writers’ meticulous statistical and technical research.

14. How to Make Money Trading with Candlestick Charts

  • About the Author 

The book’s author, Balkrishna M. Sadekar, is also the founder of Profitable Candlestick Charting LLC. His firm instructs stock traders on how to use candlestick charting and technical analysis in their trading. Sadekar works as a trader, entrepreneur, trainer, and author.

  • About the Book

The book’s author has done an outstanding job. Candlestick charting has been used to amass fortunes for a long time, from Japanese paddy farms to the elite stock market. The book delves into key market psychology indications, candlestick signs for long-term investments, and profit-generating tactics.

15. A Complete Guide to Volume Price Analysis

  • About the Author 

Anna Coulling wrote A Comprehensive Guide to Volume Pricing Analysis. Anna is a writer and a forex trader.

  • About the Book

This book is written in simple language, which makes it appropriate for beginners. Anna proposes utilizing only two indicators, volume and price, to forecast market movement. She conducts a technical analysis using price and volume, which can result in massive profits. Everything, according to Anna, falls behind volume and price.

Frequenlty Asked Questions

What book should I read for technical analysis?

The following suggestions can help you learn technical analysis.:

  • Technical Analysis: The Art and Science
  • A to Z of Technical Analysis
  • Market Wizards
  • Multiple Timeframes for Technical Analysis
  • Financial Markets’ Technical Analysis
  • Technical Analysis: A Beginner’s Guide
  • Market Behavior and the Elliott Wave Principle
  • Does technical analysis Work?

    Take a look at successful traders like Bruce Kovner, Tom Baldwin, John Murphy, Paul Desmond, and Martin Pring; each of them has their own technical analysis strategy. It worked for them, and it might also work for other traders. Finding the correct market pulse with the right indications and footprints is all that matters.

    Why does technical analysis fail?

    Take a look at successful traders like Bruce Kovner, Tom Baldwin, John Murphy, Paul Desmond, and Martin Pring; each of them has their own technical analysis strategy. It worked for them, and it might also work for other traders. Finding the correct market pulse with the right indications and footprints is all that matters.

    Which chart is best for trading?

    Because they show open, close, high, and low prices, candlestick charts are the best way to track market movement. Investors can quickly interpret market trends and movements.

    What are the best technical analysis books for beginners? 

    When choosing a technical analysis book, novice and intermediate investors should keep a few points in mind. The book should be written in a simple tone with no complicated terminology. The following are some suggestions for aspiring investors:

  • Anna Coulling’s A Comprehensive Guide to Volume Price Analysis
  • Balkrishna M. Sadekar’s How to Earn Money Trading using Candlestick Charts
  • Steven B. Achelis’ Technical Analysis from A to Z
  • William J. ONeil’s How to Earn Money in Equities
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