Charting and Technical Analysis

The book goes in depth when explaining Dow Theory, Candlesticks, MAs, trending, volume and examples through out of each. He also covers in detail how to use technicals to choose entry and exit points. After reading this book, you should have no problem using techinicals to spot trends, tops, bottoms, and the direction of a stock. The book is well written and very easy to understand, with just a few minimal oversights. One of the greatest values of this book is the attention to minimizing loses. Had I read this book a long time ago, I would not have rode stocks to the bottom, or jumped in a stock "thinking" the bottom had formed. By that same token, it would have been a lot easier to have spotted the top and locked in profits. This and "Getting Started With Value Investing" by Charles Mizrah should be part of any investors collection, especially those new to investing. The author goes into great detail explaining the most popular technicals and charts, while just going over in brief things like the MACD, stochastics, and bollinger bands. In the trading I do, I often use what is covered in this book, MACDs, and the RSI charts, and I have done pretty well. Note: @ Sudarshan Sukhani Why would you give the book 1 star and say don't buy the book unless you don't know technical analysis. That's exactly the intended audience. I will admit it may not be the "ultimate" guide to technical analysis, but it is still very solid and thorough. Unless you are a very advanced investor with several years of experience, I don't think you will lose anything by buying this book.

Strong straightforward technical analysis concepts in an easy to read relatable format. Fred does an excellent job conveying to the reader complex technical analysis concepts in a easily understandable format with visual cues and chart examples making his content comprehensive and extremely understandable. Highly recommend, there were a lot of “Ah ha” moments reading this book. I think for the average person learning this book is an excellent read and should be reviewed again after spending a couple months looking at charts and applying the principles paper trading. Some of the content is easier to relate to after a new trader has experienced their observations of charts and the markets by observing it themselves. I would recommend the book highly.

So I would say I'm a beginner investor. I don't really know much about the stock market and I honestly thought at the beginning that all you had to do was buy and hold... Mostly because of some information I read about Warren Buffett. With this book I feel I have a slightly better understanding of what is going on and how to read a chart, more than I did in the beginning. I still don't feel entirely confident that I won't trade against the market. But I believe the more I practice and study the better I'll get at analyzing the market. And I wouldn't be able to do that without the explanation in this book. I liked that the author didn't waste anytime in explaining about technical analysis. I also enjoyed that the author explained this in a way that someone who is a beginner can begin their journey into the world of investing. This is the type of knowledge that needs to be taught in school, so that when we send young adults out into the world they have more tangible information to be more financially literate than they are currently.

I found this book very useful as an introduction to technical (chart) analysis for trading. I have read other investing books and often find that it just feels like the author is trying to sell you on their particular brand of strategy and/or use the book as a marketing tool for other investment products that they sell. Fred McAllen thankfully does not do that in this book. You really get a sense that the author is trying to cut through a lot of the BS noise that you get from these market pundits and sham educators and just provide a no-nonsense guide to basic chart analysis. Fred does plug is other books a couple of times, but their mention is minimal. It is worth noting that the book primarily uses candlestick chart patterns for analysis. So if you prefer other types of charts for analysis then maybe look elsewhere. Personally, I am a big fan of candlestick charts so I like it. He does also go a bit into using technical indicators such as moving averages. Overall the book does not go deep into other technical indicators. So if you would like to learn about others I would suggest looking elsewhere. Overall I felt that this book was an excellent basic-intermediate introduction to charting. My only disappointment is that it did not go into quite the level of depth that I was hoping for, but it is still a very good resource and I like the author's style.

I've read about 10 books on trading the markets, and this one is high on my list. I thoroughly enjoyed the author's writing style and manner of sharing information. His examples are well annotated and precise, and he builds on simpler concepts before tying it all together in a comprehensive strategy. What I found most valuable was the guidance on determining entry and exit points, and recommendations for setting stops. This can be a real struggle for new traders, or even seasoned traders who struggle with deciding when to exit a winning trade. I read this on my Kindle, and I had no difficulty following the full color charts. I can't say this about many Kindle trading books with black and white or blurred charts. I enjoyed this book so much that I bought his other title "Trading the Trends" before I was even half way done with this book. This is a great value read, a definite add for anyone interested in solid, actionable, and easy to follow technical analysis.

Injects lots of knowledge into trading skills. Complete package to understand from basic to advanced. My sincere thanks to Fred McAllen.

Według mnie jest to mocno przeciętna książka. Cała zawarta w niej wiedza jest dostępna w internecie bez większego wysiłku w szukaniu jej. Z pewnością książka pomoże totalnym żółtodziobom, ale nie jest to wiedza, która spowoduje, że zaczniesz zarabiać na rynku.

I really recommended the book for begginers, it will help you with some usefull tips. I miss a better pictures, they are dark. That's why a 4 star

Claro y conciso, sin inventos, Muy simplificado, y sumamente aplicable al mercado.

Wonderful information in here for all levels of trading, for both new and old traders. I have already started recommending it to different people, although I have seen a couple mistakes while reading through the book